Appreciate the openness on your moves and your reasons. Love your work !
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Beagles ....get spooked by those electronic card spend numbers for July which came out today
Punters spending up big time - just under 5% higher than a year ago
But apparel was 5.8% lower than last year. Three of the last four months there’s been a pretty significant negative number
Look what you’ve done beagle ...there’s a stampede to the exits
Many more to hear your news ....the slide probably will continue Monday
http://www.sharechat.co.nz/article/2...vish-lurchhtml
I reckon the $Kiwi is in real trouble. 60 cents at some stage over the next year would not be a complete surprise in my opinion. Its really the currency that's driven my decision to reduce.
This is only the fourth down day in the last five weeks during which time the share price has risen 16%.
I have a clothes shop vying for second spot in my NZX investment portfolio and I so hate shopping for clothes.
Personally i can invest in air NZ and hlg as companies I can understand but I am neither an oil nor currency speculater.
So I try to strip out the speculation component from a decent company thinking that the spot price will eventually go up down sideways or whatever but in the long run a good company is still a good company and will shine through.
(unless the commodity or currency is so out of whack then it has to be considered.... which neither are right now)
put another way . You can swim against the tide but 6 hours later you are swimming with the tide.. can't believe I just came up with that!