Well, that's not like you, isn't it? A real bull would predict a bullish $1.03 double bottom .... :p
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SUM technical's looking great, OCA very sad...like one's dog dying.
calls for a higher staffing levels
https://www.stuff.co.nz/national/hea...-making-a-fuss
i imagine after the royal commission in aus reccommends this nz will follow at some stage. higher costs coming one day as care becomes a social cost thing not a money thing
I guess it just depends on the timeframe you are looking at ... and hey - we are investors, aren't we?
Just looked at the trendcharts of SUM (blue line) and OCA (orange line) since Oceanias listing - and anybody buying at that stage OCA would still be 7.5% better off than holding SUM (and this is not even considering Oceanias premium dividends). So, maybe SUM just playing catchup.
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One other interesting observation: these two stocks are less correlated than I would have thought. Maybe it does make sense to hold both?
I do.
PS:
Just read your post in the TRA thread ... I didn't realise you mean the "dying dog" literally. Very sorry for your loss - I do know how it feels to lose a beloved pet ...
I think that's only going to help highly reputable companies like OCA as it takes out some of the truely awful low cost low care operators in this sector.
I remember an elderly relative whose health collapsed being put into a dreadful place with disinterested overworked staff as it was all that was available , & we couldn't wait to move him.
I've done plenty of homework on this company and from that I have built a rock solid belief in their model and execution . But .....this relentless, seemingly endless selling to the point of barely a few buyers left is getting tiresome. Personally , I won't be selling one share but I do feel for those out there on this downhill ride who don't have the same confidence in this company.