Tobo,
FPH triggered a lot of Buy signals last month. The chart hasn't made it across to to the new setup, as yet.
http://www.snitzforum.sharetrader.co...73&whichpage=7
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Tobo,
FPH triggered a lot of Buy signals last month. The chart hasn't made it across to to the new setup, as yet.
http://www.snitzforum.sharetrader.co...73&whichpage=7
Here's a question for you, Phaedrus. On another thread you have posted that the NZX50 looks a bit wobbly vs its long-term uptrend. In that thread, you comment that your approach when this happens is to exercise caution, tighten all stops and impose a strict ban on buying (hope I've paraphrased that right -- I haven't re-read).
But then, in looking at individual stocks, you will see some like FPH that are setting off buy signals. Does this set up a conflict for you? Do you break your general policy when such a good opportunity presents itself? Or do you pass up the good buying opportunity for fear of the overall pattern taking precedence?
Just wondering... :?:
Sure does. My rule is to pass up these opportunities until the overall market shows signs of improvement. Occasionally I do break this and other rules. Generally this is followed sooner or later by regret, and a vow never to do it again.
Plenty of bargains out there at the moment, but not all are ripe for the plucking.
I've already picked up quite a large additional holding in FPH after the last set of buy signals. Just waiting for the next set.
aspex, what if they have now overhedged at at high usd rate?
Not terribly likely, I don't think anyone wants to hedge right at the top of the cycle.
it's easy in hindsight to say it's the top, but you don't know at the time...
i have a feeling, fph was consistent with the hedging policy at 50% exposure.
dont quote me, but around the 70 cent mark..so yes, they would be overhedged if im right..
still, every 1 cent drop is $3.5 mill to the bottom line. good times if it keeps rolling..
Did anyone go to the AGM? Opinions?
An attempt at a chart for FPH :
Seems to be resistance at 3.55 or thereabouts. The preliminary uptrend also seems to have broken. I think the volatility of the dollar may be panicking investors. Any constructive criticism appreciated as this is my first chart.