Watching from the sidelines, waiting for half time
I thought it went to $1.70 because MAC said that is what is was worth.
I assume it is down to $1.01 because winner69 threw his little spreadsheet into the ring with $0.84 - $1.29.
Me I just think the charts looks really narsty at the moment (especialy Hoop's :p).
Best Wishes
Paper Tiger
The Unique Study Of Lab Rats & Traders
Just for morbid academic interest I’ve run beta correlations with the Nasdaq, normally I only run S&P500 and NZ50.
PEB:Nasdaq, 3 month, 1 day shifted Beta: 1.21
PEB:Nasdaq, 6 month, 1 day shifted Beta: 0.97
PEB:Nasdaq, 12 month, 1 day shifted Beta: 0.69
PEB:S&P500, 12 month, 1 day shifted Beta: 0.60
PEB:NZ50, 12 month, 0 day shifted Beta: 1.45
It does seem that when Pacific Edge just quietly and routinely get on with the biso, as Hancock’s aptly puts it, and thus remove the traders fix for announcements, it seems they evidentially panic and start to look for squiggly lines elsewhere to follow.
It’s a bit like studying lab rats really, I’m sure there must be a paper here for those guys at the University of Waikato.
Reporting season, a bit of anticipated new product and new market news, might provide a more sensible focus again, but then lab rats aren’t all that smart are they ?.