Cheers Harvey Specter, a good read.
I enjoyed the best part ,where the comments let loose on NBR at the botton of the article and they replied.
Printable View
With ref to my post 1760 above
I have been scratching my head for the last few days over selling . At the end of the day I did sell down 25% at $8.41 and $8.44 for a great profit.
I will invest these in ASX shares now as the dollar is 94c.
Cheers
In4a$
If you look at my posting 1720 above do consider those AUS stocks. I am also with the ASB and I have just opened an AUS account. So when I do sell the AUS shares money stays in AUS currency with the ASB bank ,back here in NZ (Called FOREIGN CURRENCY ACCOUNT AUD. So you can spend again in AUS shares when you like with no exchange rate). This saves exchange costs each time. Do consider it with your bank ....
Lastly wasn't it funny that for the second day in a row that the shares spiked in the last 15 minutes of trading. I had a hunch that it would happen again yesterday as it did and I went for it ,like you did...... Cheers
Yes I was surprised my sell order went through Blocker. I am also with ASB, have a US$ account, will set up a OZ$ one. Been looking at a few stocks today. Will give it more thought over the weekend, but long term holding some ASX stocks seems a good idea. Cant see our $ staying this high forever.
Still selling/ reducing RYM myself; feeding in every few days. Instantly snapped up @$8.45 today; tides right , moons right, big fish feeding.
Cant see our $ staying this high forever.[/QUOTE]
On what basis do you say this? I suspect that how things have been things won't be. On a 'rear-view mirror' assessment I could not disagree but I think the dollar will strengthen and hold looking at the macro picture.
If there is no interest rise tomorrow the NZ dollar will take a hit. However I have heard the comment of
$NZ = $ AUS in the med term future as we are today .944
I am moving Stocks over to OZ stocks because .... With the NZ shares being first out of the blocks with the world economy ( NZ is starting to get fully priced) and NZ elections in the spring.