There has been a renewed sell recommendation, as the recommendation flag popped up next to them in ASB today
RYM Ryman Healthcare NZX https://ost.asbbank.co.nz/Content/St...w-down-red.png Sell 15-01-2014 Downgrade due to price change.
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There has been a renewed sell recommendation, as the recommendation flag popped up next to them in ASB today
RYM Ryman Healthcare NZX https://ost.asbbank.co.nz/Content/St...w-down-red.png Sell 15-01-2014 Downgrade due to price change.
I don't argue against that, however the reason people are asking about it today is because ASB has popped up the 'new recommendation' flag next to ryman as of TODAY and highlighted the sell button, which it does when a recommendation is added against the stock. perhaps ASB have mucked up and re-loaded it, or perhaps their morningstar 'expert' has told them to re-inforce the rec or something.
(i don't recall seeing the recommendation flag/highlighted sell button yesterday, nor for all of january)
I would be a little bit surprised if RYM dropped below $8.00 .
RYM have been sitting around the $7.75 mark for 12 weeks now, since late October 2013.
RYM's price through time is too consistent in my view to argue that the $7.75 figure is an anomaly
Ryman's current growth rate is 20% per annum.
$7.75 x 1.2 = $9.30 by around October this year, a gain of $1.55 over the 12 month period in question, or 3 cents a week = 13 cents a month
The price today is around $8.30 with a lot more buyers than sellers so if you think it might drop to $8 one month from now, the price needs to effectively drop 43 cents, in 2 months it needs to drop 56 cents. Every week that passes reduces the odds of it getting below $8 again unless there is a Black Tuesday, 9-11, sudden detrimental NZ government regulation, or some other type of Black Swan Event.
Market sentiment due to fear and greed never ceases to amaze me though. If they do drop below $8 then it would be prudent to scoop them up in my view.
Actually.... I figured it out. There's something wrong with Nachi Moghe's head.
I checked back. It was late November last year that he had RYM at $5 with a SELL.
Here we are less than two months later and the market price is 60% higher than his recommendation.
Refer http://www.sharetrader.co.nz/showthr...l=1#post443912
It was only March last year... 10 months ago... he had $3.50 with a SELL !!!!!!!!!!!!!! Unbelievable.
Refer http://www.sharetrader.co.nz/showthr...l=1#post396770
My comment at the time... "If the price dropped to $3.50 this year, I would do everything in my power to buy the entire company if that were possible".
Good to know, haven't been tracking this stock until recently and thought the MStar recommendation smelled a bit whiffy.