still to much big seller.
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still to much big seller.
I think until it breaks thro' the 60c mark, it might flirt around 57-59c range...
Last September a2mc told us that they had just initiated the new fresh milk airfreight market to China.
Just last week they told us that they had already become the largest fresh milk supplier to China, I think it’s fair to say then that they are successfully on track thus far.
I reckon fresh milk sales to china will add $6M in revenues to the FY15 result, it may even make the China segment profitable at FY15, let’s see.
Fresh milk is now retailing in China for Y59 (NZ$12.35) was previously Y49 (NZ$10.26). ATM advice is “could be pushing toward three million litres for 2015, according to its Asian general manager, Phil Wohlsen” and “expects demand to at least double each year.”
http://adf.farmonline.com.au/news/ma...2/2713426.aspx
Success doesn’t happen through random probabilities, it happens through good management, researched on the ground market analysis, competitive advantage, and applied business strategies.
looks like the same pattern happening again as numerous other times should know by the end of the week. anyway couldn't get over the 58c - 60c resistance
What pattern?
The seller who turns up at the end-of-day bun-fight, along with most other non-retail interests, where they (usually) provide the best liquidity and price discovery, during the closing auction
more an event than a pattern
these are not the plonkers who fiddle about all day with their bots, these are the BSD's :drool::drool:
the pattern was after big news the price had big spike this followed by gradual sell down next two weeks to previous levels before news which would indicate around 50c - 51c this time.