Even at current lows long term holders still tracking at more than 3x's the current NZ50 index av ....... can you prove you are doing better?? (especially after you pay your short term trading taxes ;))
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There was some extraordinarily obvious shakeout trading occurring the last few days. The Market Authorities really should be on top of this behaviour.
I'm expecting a strong rally today. End of September Quarter out of the way plus the old 3 days selling mantra is done.
Here here Cyclical! totally agree with you and I`ll add I think its very healthy that anyone can change their mind and as new information is forthcoming.
Disc, don't hold these. My view is the glory days of the lucrative daigou channels of the past are now over since China (and supplying countries to a degree) has now put in regulation in early 2019 . Also I believe the high margins enjoyed to date will keep eroding as competition gears up with increased supply and exacerbated with increasing costs of distribution. But this has all been well documented here already.
There are enough parties involved in this global milk trade at arms length from each other working separately that the big picture of supply and demand will only be clear in hindsight. Way too risky at this price for a value investor as myself. Just my opinion of course.
Yes , I agree on this and unfortunately that is how it happened.
It is proven the shake and coup of the shares. Insto's and shorters. As I mentioned before The Insto's invest alots of money and ATM doesn't give a divident, this is how they make money.
They sold:
Date of relevant event: 30 June 2020Date this disclosure made:2 July 2020
Pendal Group Limited
For last disclosure,—(a) total number held in class: 38,896,079(b) total in class: 739,830,151(c) total percentage held in class: 5.26%
For current holding after ceasing to have substantial holding,—(a) total number held in class: 34,462,527(b) total in class: 739,830,151(c) total percentage held in class: 4.66%
And they have been quietly buying back all of their shares.
Date this disclosure made: 30 September 2020Date on which substantial holding began: 28 September 2020
Pendal Group Limited
For this disclosure,—(a) total number held in class: 38,355,845(b) total in class:742,588,971(c) total percentage held in class: 5.165%
I feel sorry to those whom sold recently .
Curious to know what makes you come to that conclusion? Apart from the example tomm has provided (twice), which really could just be what any other trader would like to pull off...sell high, buy low, what evidence do we have? And even if there was a deliberate attempt to shake the tree, would there be anything illegal in doing so?
i dont need to prove anything , but if i had too it would be impressive but we are off topic heres a link to anyone who's interested in how negative compunding affects returns
Overcoming Compounding's Dark Side
https://www.investopedia.com/article...ngdarkside.asp