I have no idea (yet) whether Arvida is the place to be, but I doubt their business, or RYM's SUM's MET's will materially influence each other's SP. The retirement-sector pie I think is currently too big for that.
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Current price makes the dreamers purchase at $7.20 odd a month or so ago look really good, especially so after the same dreamers sold out in the high 800s last year.
Price movements still going to plan .... dreamers see taking profits soon and then having another go when the share price has a 7 in front of it (dreaming of say $7.30 this time as that $6.50 is now a couple of years old)
t_j presents a good case on this thread http://www.sharetrader.co.nz/showthr...&highlight=Arv
As usual when someone has some strong convictions about a business the knockers come out and put them down
Biscuit
What I was saying was that when valuations reach extremes the subsequent 3 to 5 years returns are poor (mostly negative). Ryman multiples peaked early last year and is still in the process of reverting to more normal levels. In this context Ryman at $7.20 still not a 'good' investment as returns for the next year or so are possibly still going to be poor.
What's important in the short term though is how punters feel about a company, fundamentals mean squat all on a day to day or week by week basis. Prevailing market sentiment drives day to day activity. Punters started feeling happy again and started buying shares, including Ryman ones.
Probably the different thinking of long term investors v short medium term 'traders' (for want of a better word). Mind you the dreamers previous 'trade' in Ryman lasted several years. Goodness knows how long this 'trade' will last
Still reckon RYM shareprice will hover around the $8 mark for a year or so .....but maybe some good opportunities to make money in the mean time.
I agree with that to some extent but I think if you were buying at that time it might have been better to disclose that considering that you were simultaneously making negative statements about the prospects of the shares and appeared (to me) to be supporting Roger's stance about the prospects of the company. I think at $7.20, given the quality of the company and that it was close to making an announcement that would inevitably be positive, for a short/medium term buy it was a pretty safe bet (as apparently did you).
...WOW....good volumn too....well on reflection should I say...reasonably good dollar value ...cheers