......just put my double-digit buy order in for 50,000 at 99c. ( should get them next week at this rate)
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......just put my double-digit buy order in for 50,000 at 99c. ( should get them next week at this rate)
Jason Pidcock, manager of the London-based $8.7 billion Newton Asian Income Fund is obviously not happy with his non-performing NZ investments. Obviously he wants to find out the cause of the non-performance. It sounds like he had treated NZ as a developed country with a reliable stable political environment. He thinks he was in error to do so.
Perhaps we are seeing the cost of the adoption of MMP. Minor parties with little electorate support have been able to exert considerable influence on the the Key Government. In other words just about all the promises and policies that the Key administration make cannot be relied on, as the minor parties can pull their support at any time.
Looking at the charts, there has been two substantial downward waves (268-180c and 190-140c), and we are now on its third (150-?). Elliott wave theory would suggest a buying opportunity at the bottom of this current wave.
1st wave dropped the sp 90c, 2nd wave 50c, this wave 20-30c? On this basis, I'm looking for the downward momentum to wane and/or for a downward spike. I have a cheeky bid that I'm moving down each day at 7% ahead of the market - currently @121c.
Yep, that's my strategy and I'm sticking to it.
BC
A mild earthquake (4.8) has just struck - again around Seddon. Must be the old fella again turning in his grave at what he sees from above going on here below, politically.
Latest update: https://www.nzx.com/files/attachments/186535.pdf
EDIT: How much (as a percentage) would Chorus lose in terms of profits from this action going ahead? Does the potential loss of profit evenly match the drop in the share price?