Interesting point Winner. If the seller who has been dumping here can now supply whatever Australian demand there is instead taking some sell pressure off, then we may see some appreciation in the shareprice here finally?
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WOW, only 57....Has Norah been appointed to the board or something :eek2: Getting bloody close to my 15% stop loss which will be enforced ruthlessly if tripped.
Your buck looking a long way away now Winner69.
Probably something to do with the AUD ranging from 0.89 to 0.95 in just six weeks, I’m far from being a currency trader, but that doesn’t seem like a sustainable move to me.
Question is what will the SP do if the AUD drops back down to 0.89 over the next six weeks ?
For the long term investor, it may all be summed up as, well who really gives a toss, noise is noise.
Just shows you should stick to your usually disciplined investing approach mate, and not get 'sucker-punched' into the rhetoric and hype and excitement that often happens
Hype is good for traders in the short term but as MAC points out real fundamental value always prevails in the end, in this about 60 cents plus or minus a bit.
Just another sell down day across most of the market following the US lead, nothing new here move right along folks. PS-Holding at a lot more than 15% down currently.
Price down to 57 cents, but hopefully UK roll out performs well.
http://www.sainsburys.co.uk/shop/gb/...2-milk-company