And that is how the argument started. :D
Best Wishes
Paper Tiger
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Yes I pay tax........ As I trade far too often I declare all my trades... as far as the IRD is concerned I'm in the business as a share trader and my trading profits/losses are taxed accordingly less expenses and depreciation
Got a surprise to see it drop to $3.32 when I got home,moved below its MA100 at $3.40 so not good,Ryman struggling to gain any traction although not dropping,definitely something negative going on in the macro environment here,wondering about the predicted rises in the OCR are having an effect,heard through the grapevine that a Ryman sales rep(Not Auckland) has been finding it harder to move units in the 400k plus bracket of late,hmm food for thought,time to baton down the hatches and go below deck for a while maybe
New Guy mentioned on another thread that he liked the PSAR as a technical indicator. I agree for those trading shorter term trends
SUM chart below showing PSAR courtesy of yahoo
Not too good looking at the moment - moosie would say short term traders wouldn't be in and need to wait until the trend changes / couta et al would say show patience as another green line is due
Wonder what will turn out
For me I just hope there be no hanging babies or death crosses
Yep I'm just airing my thoughts and trying to help others to understand the drop,I'm not in the red with SUM at current prices and I look upon it as a 3-5 year investment but one must also consider how low it may go,Hoops strategy has obvious benefits but from a FA viewpoint SUM has a massive future with strong tailwinds,I'm sure the Q3 results will be very good once those new village sales kick in as indicated to me by management,I also think if Rym wasn't on the international index its price would also be down more rather than treading water as it currently is but expect it to start rising in a week or so as it gets closer to the half yearly results and will probably drag Sum up with it as has happened before