Topped up early today @ $2.86, if just I had waited till days end I could have saved myself $480
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Topped up early today @ $2.86, if just I had waited till days end I could have saved myself $480
Actually I am but bought most of my holding pre divvy when the charts didn't look so bad but this sell down started from the big overseas boys and you never know when they may strike ,but like I said at the end of the day it doesn't really matter this rollercoaster will head back up again at some point and in the meantime we get to clip a nice divvy ticket along the way so all good:cool:
If you look around you'll see that the other majors (well the ones I quickly looked at) have also been hit. The trouble is Spk is used as a proxy for the NZ dollar and NZ Inc, instead of buying NZ dollars they buy Spk and then take profits or run from possible trouble. I suppose they make marginally more profit than making losses on that activity but they must get caught out quite a bit....
The chart is really ugly atm. I've been looking at the Aussie chart and its crossed 200 day, 3 black crows in the last 3 days which is big sell signal.
There is not much supporting it and I'm wondering if one analysts call of it reaching $2.40 is on the cards.
Can't quite think it would reach there though... Yield players should hit this soon.
That was the case in the "old days" but I wonder if it still applies to the same degree, particularly since the split from Chorus and the listing of the electricity gentailers? I guess the movement of shares in and out of the big nominee holdings of these companies as disclosed by SSH announcements would offer a few clues.
sold out a while ago it had a nice run but lots of emerging threats appearing to there business another one here as google have just announced they are entering mobile plans test pilot in us then roll out to the world just like there other products.
http://www.theage.com.au/business/co...23-1mrr4c.html
Gee at $2.80 the net is 6.4% that's pretty handy, I still hold for yield.