Wakey Wakey Balance the last para was written just for you.....
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Haha - not much point you posting that self contradicting infor then without looking closely at what happened with ATM?
Then, there’s Fonterra’ s announcement today of buoyant conditions for whole milk powder exports to China. Explains where the 50% increase came from.
SP is a bit bouncy - isn't it ? ;)
Any bets on where to from here ? ;)
daily bollingers opened up for a move down to 4.50
ATM strictly for traders imo until such time as the company releases its strategy reset program.
Company has no credibility and analysts/brokers with a positive bias out there even less so after blindly following the company’s earnings guidance, swallowing the BS whole and losing clients’ big money.
Analysts/brokers with a negative bias currently have the ascendency so sp is going to track closer to their valuations and recommendations.
Too many out there still with their rose tinted glasses looking at the rear view mirror and imagining ATM going back to $20+.
Bull, I assume you mean $USD? hehehe
Interested to see Hamilton Hindin Greene saying they were seeing bargain hunters moving in towards end of last week.
Trickle could become a flood at first sign of any good news & the possibility of a quick 20 -25% gain, but pure speculation on my part.
Still at some point it will be or have been oversold.
There will most likely be a huge fifth downgrade when the strategy review and reset is announced - whenever that is.
So traders are best to play the game tight & short. There’s money to be made from the rose tinted glass wearers with their eyes firmly fixed on the rear windscreen mirror!
Do traders generally close their position at end of the week?y
Haha - well said!
I have to say that in all my years of interaction with all kinds of market players, I have met very very few consistently successful traders.
The successful ones were very disciplined with tight trading limits and then, figured out that they were actually better off just investing in sound long term growth stocks! Less stress and more gains.
Then there are those who enjoy trading but that’s a different story altogether. There’s an 85 years old trader I know who trade everyday, using options(!) and rather involved strategies, to keep his mind sharp. His private company is one of NZ’s biggest rural property owners.