A good day for NZO - up 4c. Possibly due to todays increase in PRC and people digesting last weeks updates over the weekend...
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A good day for NZO - up 4c. Possibly due to todays increase in PRC and people digesting last weeks updates over the weekend...
Yes good day,good week coming up,good month ,good year and definatly a good decade.
I think now one can say that NZO will never again be under a dollar,which was first said 2 and a half years ago. But things have changed this time as it is no longer baised on what might happen but what is currently happening by way of bank deposits. NZO is just never going to be the same again and it will be the fortunate few that know that now who will benifit. I almost feel some empthy for those still in the dark.
There has been no talk here about the upcoming onshore drilling premits up for grabs at end of MAY 08. These i understand are very interesting as they will seek out deeper depths than were not possible in the past so in a way can be seen as untried virgin fields.
Zorba are you with your geological training care to comment.
DIGGER, I see you have learned nothing at all from holding a share for three years in a bull market where the share price is lower than its high point then. You still think it revolves round how much money they stick in the bank, completely ignoring the reality of what drives the market.
Todays market is a high risk area for any investor with a buy and hold brain dead policy. The market is setting its self up for a crash, the warning signals are staring you in the face. The duck season is upon us, and you are sitting in the middle of the pond quacking a whole heap of nonsense. Before a crash the market behaves in an irrational manner where fundamentals of companies seem to make very little difference.
All the warning signals are there, the smart money is out the market, thats the reason for the low share prices. The traders come back for little dabbles, the brain dead have suffered huge paper losses, and about to suffer some more. Remember keep me honest with my buy signal at 110c, with a running 5% stop loss on NZO and PRC at 103C in a similar trade. I am mostly out the market NZO and PRC dont have enough volume going through the market for me to trade. The big crash happens after the olympics at the end of 2008 when china pulls the rug out from under America. I will only have little dabbles in the market up to then. MACDUNK
Macdunk,
Every dog has its day and not even the Tall Poppy Brigade will have enough scythes to keep cutting this growth company. The doubters said they couldnt do it but to their credit NZO are set to really perform. If you want to sit on the sidelines that's up to you.
And yes I will be wary after the Olympics.Are you coming to our Chch meeting this Saturday at the DUX de LUX?
Duncan.. I feel really sorry for you and especially for your wife...the constant whinging or negativity is astonishing. Your only real argument that this company hasnt made money id referring it to the last 3 years. If you look at the last 5 years you see that smart investors like Digger and Bermuda have made over 300% gains.
meanwhile, most stocks are taking a hammering this year (including your aussie speccy's) but nzo is still climbing. time to let go and put your bad experience of nzo behind you. perhaps you were the one of only a handful of people that losts on nzo in the past few years but to try and bring people down to your level is really unfair. Just becauase your neighbour brought a fancy new car doesnt mean you have to.
meanwhile down at the nzx exchange things continue to chug along nicely
Buy and hold is brain dead - since when?
BERMUDA, I wont be at your get together on sat sorry. I will be at the national convention at Auckland later in the year. NITA and TIM are fronting up to make a speach about the brain dead. My mates SHREWDY and STRAT will be taking STRUTTING lessons by E-MAIL from yours truely to make an entrance walking in like winners. NZO are donating the amnunition free of charge for macdunk to be placed in stocks for at least half the duration of the get together for a chuck up. All in all Christchurch cant compete with a blow up dolphin floating about in the open sewer that runs through the village. Last time we played PASS THE PARCEL but that was no fun when we twigged there was nothing in it. Macdunk
CSO Apache sailed from Picton 0630/4th with the third and presumably the last pipe shipment for Kupe.
Cheers