Yeah - a nice little correction would be very welcome right about now so I could put some cash to good use.
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But your circumstances with HNZ different tha mine.
Even in the eighties you probably still well ahead so no pain for you and buying more is easier
For me in the eighties is under water .....pain pain ....and everybody says don't catch falling knives or averaging down bad idea.
And I have a stop loss so maybe all sold.
In that case I will decide HNZ and me don't get on and won't even bother try to get in again .....maybe might just at 75 cents
Sell while you are ahead !!!!! [If you can find better value on the NZ market,go there.]
I notice from the sharetrader competition Heartland is up 14.96%.This includes the interim dividend.
I am very relaxed with my Heartland investment.Only the other day I read a report on how few impaired assets NZ banks have.With Heartland's excellent record of "putting runs on the board", the fantastic REL acquisition,the care they are taking over MTF possible acquisition [making sure there are no on going issues],means they are being careful and sensible,looking after the business.
I am looking forward to the annual result,and the announcement of the final fully imputated dividend.
That's what heard a week or so ago. I had waited for so long to buy and the chart finally looked healthy and I bought a bundle ......and it was so exciting to see it go all the way to 98 and was praising my timing skills
And now all this
Still holding .....in profit .....and hoping