What bugs me is when you have two plumbers and they both go off together to buy "gear" and come back 45 mins later.
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Ok be honest now , own up, are there any smart money mums and dads (or small investors)on here selling down/out?.If so whats your reasoning and why do you think you're smarter than most of the SUM shareholders on here and invisible guests who read this everyday but never contribute? Disclose, still on the sidelines; is that smart?
I prefer the Financial Times -
The 5 analysts offering 12 month price targets for Summerset Group Holdings Ltd have a median target of 5.85, with a high estimate of 6.18 and a low estimate of 4.70. The median estimate represents a 22.90% increase from the last price of 4.76.
RSI went into the red oversold area today
Time to get in JT
Or should I say choo choo and just take a position now .....but wait until there's been a few positive days before backing the truck up .....but then the train might have left the station eh.
I just wouldn't consider selling at this price. I have a large holding in SUM and I'm holding out! The only price id consider selling out if i went below $4.30. Then someone must know something. I've decided that's when I'll take another look, or in the next SUM update which I'm sure will be positive. There may be some pains with Auckland housing and construction but I see that as something in the long term that will subside.
An article in the SMH
http://www.smh.com.au/business/marke...13-gwpwg4.html
"It does frustrate me to see the market focusing on the short term – it destroys capital"
No worries with SUM long term - maybe not even short term