Classic Pump and Dump by some boiler room collective? Although all except MET are performing similarly with 30 DMA approaching/crossing 60 DMA.
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Classic Pump and Dump by some boiler room collective? Although all except MET are performing similarly with 30 DMA approaching/crossing 60 DMA.
Presentation last week at the Macquarie conference was quite impressive. Earl Gasparich really should have worn a decent suit and tie though even though he was presenting virtually, would have looked a lot more professional. Covid 19 numbers are looking quite encouraging...maybe institutional investors are sensing that risk is easing ? Maybe investors have woken up to the 6% yield and the fact that it appears to be sustainable and very high in an ultra low interest rate environment ?
Yes and i added above"Although all except MET are performing similarly with 30 DMA approaching/crossing 60 DMA". OCA leading.
His crystal ball pretty useless ...I told him to show more enthusiasm and say 90
Jeez,everybody will be buying because off its yield AND joining indices is good
Should be buying this week ...probably miss out if one waits much longer
Heck ...NZX50 inclusion is $1.20 material
Pump it Hottie:t_up:
You would think I would be happy, but when my spreadsheet shows so many dollars in the black, I get the urge to sell. Being a trader is not so easy. Whoa, a long way to go, and what would you do with the cash - 2%?
Back to NTA of $1.01 is quite plausible in the next few months, in my opinion.
I guess there are probably worse problems to have ...
Long term I am pretty sure OCA will be more worth than now (which speaks for keeping).
Mid term I am pretty sure OCA will go lower again (which would speak for selling).
Short term I have no clue whats going to happen.
So - for a trader the best option clearly is to sell at the peak and buy back at the bottom :p; What could be easier?
Discl: holding lots (without violating my diversification policies), but ready to pick up some more if and when the crazy sales prices repeat (I think they might).