still nothing on momoho, 6 days and 10.5 hours since 1400 nz time on 9th.
still expect no news is good news, even though both org & nzo a bit lower today on asx.
M
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still nothing on momoho, 6 days and 10.5 hours since 1400 nz time on 9th.
still expect no news is good news, even though both org & nzo a bit lower today on asx.
M
Morning all
Although headline price of oil down I see Tapis up acouple of dollars to $154.02. Is this the price NZO and PPP always get?
http://www.upstreamonline.com/market...id=markets_oil
NZO down 5% so far this morning only goes to show that a falling tide takes all ships down regardless of fundamentals. All that cash rolling in still makes no difference when the herd makes a dash for the door. If the market crashes this will turn into one of the better road kills to pick up at bargain prices. PRC down 3.8% might be worth a punt in a few months time. Macdunk
Mackdunk,
last night Oil had its biggest one day Dollar term fall in 17 years...
NZO's fall was not to be totally unexpected...
NZO fell today on fundamentals mate, NZO has been blanketed by much of the market risk to date... many other oilers have also....Quote:
a falling tide takes all ships down regardless of fundamentals.
invest in the right sector, and in a Stable falling market you wont lose...
Id say DOW falling 100 points in a day is stable...
500pt fall is different...
:cool:
.^sc
stable falling markets are most welcome... its better than the alternative which is a market crash...
Only use the words 'Market Crash' when we have one...
Theres no need to needlessly spread fear...
thanks mackdunk...
;)
.^sc
Oil down approx 5% and nzd is up. Fundamentally this has affected nzo at least on a daily basis. Not to forget that smallish volume chucked the sp down over 10 cps this morning.
nzo is now a producer so any direct changes in oil peices will have a direct effect to its revenue. However anything over $100 per barrel and nzo is smiling all the way to the bank. Oil will be voaltile for a long time to come. Just the other day oil rose $9. If you are day trader better to stay out otherwise you will be catching falling knives everytime the market opens.
MD. Where are you putting your money.. In housing the general market is falling, into fund managers? they are getting beaten up. Try nzo. I told you earleir this year to buy when the sp was nearly at $1.00 Look at what you have missed out. Invest where you are most likely to get a positive return. You can forget the banks as inflation will eat away any interest you make.
Good luck big guy
nita,
mackdunks been getting right in behind his favourie pumping little oiler...
He's been buying up on APX, austral pacific...he went one step further and tipped it off in the NZX stock picking competition this year as a screamer...
:D
.^sc