thanks for your support guys :)
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thanks for your support guys :)
Hi to all of you out there and glad I found this forum...
Making a first foray into NZO today, so intend to buy some this morning.
:)
so glad I have been busy at work with the drop this morning. No time to place an order...
Is this being manipulated down? Can anyone enlighten me?
Thanks in advance.
toffee.
There has been nothing but good news from the company. Tapis still kicking around NZD130 per barrel. 50,000 barrels per day. Cash in the bank to cover any PRC requirement (at a pretty premium to market rates). PRC activity rocketing along.
Only one seller. You can bet that he is motivate by shorting activity. Manipulation when cash is in demand - not ever on your Nelly toffee!!!!! That would not happen on the NZX under NZ Securities Commission controls (regulation sorry) there are no controls.
As one poster put it people getting shorn by the professional fleecers...
Thanks Bilo.
Its all a bit ugly but its the same company as yesterday or last week except with more oil!
Hey Shrewd, NZO @103 and my wife keeps asking about that new Kidney
Very good point Bilo,but if you are not selling just now it will all turn around after the current drop. It is that old Warren Buffett saying of being brave when others are fearfull and fearful when others are brave. This current economic US recession has sure come at the exact time that NZO was ready for takeoff.Now it is just sit it out and wait for the certain correction to follow. NZO is in good fininical position and has no contact with the subprime market that i know of,so will rebound on current income,and rebound more so on future income.
Hang on . This current economic correction will be shown to have little conection to NZO,and time will prove that to be so.
I can't see any negative to this, so going in now...initial buy.
:)
Tim that means nothing when the herd is in full flight.
Your fundamentals count for nothing in times like this. The traders are out the market, leaving the buy and hold investors holding the fort. I expect bigger and better mini crashes leading up to the big one that threatens. Its all in market sentiment, which has nothing to do with fundamentals in any particular company. Plenty of opportunities to average down this year in most companies i expect. I am mostly out the market, and expect to remain that way until after the crash looming up later this year then will buy in on TA buy signal when its all over. I might even get back into NZO at about 80c on the way back. Macdunk