Yesterday it was going to be $1.40 in a year's time... LOL mate you're a character:p
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Well you never know with AIR eh
That chart that shows the long term cyclical nature of the AIR share price still worries me - 140 sometime still on cards, current environment not that good.
But then dividend strippers will see price back to 220 pretty soon.
Being cheap doesn't mean a good investment does it - cheap for a reason?
Well, maybe not quite poor, but certainly lacking in disposable income.
I was thrilled when my annual bonus from work came through last week and finally allowed my to break that elusive $100K mark on my portfolio. But that didn't leave much left over to take advantage of the fall in prices this week. Now next week I should be able to buy some more, so here's hoping prices stay lowish for another week.
Who can catch a falling knife? AIR NZ was a great buy at $3.20 what about now it's under $2? I was shocked a prominent poster on this forum tired to argue that 'dividend stripping' was actually a arbitrage play and not one person in two days pointed out his folly? Please people don't get your finance advice from this forum... you will loose a lot of money....
"I have seen a big Australian study with heaps of empirical evidence that showed that in most cases shares recovered the dividend paid within a few weeks" This is what I was talking about... Dividend stripping. Possibly the biggest con since the Wolf of Wall Street gave you a cold call...
Oh this quote:
Well in his defence, he never mentioned arbitrage.
And given the definition of arbitrage: the simultaneous buying and selling of...; you are wrong to try and make the association
And if you want a study showing it works then you can find lots and if you want a study showing it doesn't work then you can find lots.
And dividend stripping was Roger's latest thing and I had got bored of it by then anyway.
Best Wishes
Paper Tiger