Moosie, I did comment on an action taken by Intuit to lower prices on a competing product and Reckon's announcement of a competing product.Those are both fundamental issues that have been announced in the last month.
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Moosie, I did comment on an action taken by Intuit to lower prices on a competing product and Reckon's announcement of a competing product.Those are both fundamental issues that have been announced in the last month.
Just fresh from reading the latest round of vitriol on NBR. I don't mind comments that explain why people think a company is not a good bet when it is supported with a rational analysis or explanation but I really can't stand the inane "its going to crash", "you are going to get burned","its a ponzi scheme" crap that seems to be the favourite of the commenters on there. For a business publication it seems to have a fairly low quality readership.
Ditto for lack of focus on fundamentals in the NBR. All the discussion is about whether or not it is a bubble.
Hard to talk fundimentals when there is no new news. We need to know the US and UK take up. 1 Jan should have been a big day in the US - time will tell.
I had a buy in target of around 6.5 after selling out at 7.50ish. Didn't quite get that low unfortunately and have now missed the boat. I would be getting nervous at current levels if the sales numbers dont stack up in the next announcement.
Could index buying have been the driver. Rod and other major holders sold down recently so would that increase the free float, plus the share price is up since the last reset, and therefore weighting in the index.
This whole index weighting seems to be a dark art. They announce who is in but they dont announce weighting, making you rely on your broker (I assume) for more info. Index weighting should be available to all on the NZX website. (or is it and I am blind)
Looking at the depth....someone looking to sell 2000 at $12.50.
Must think there is still plenty of dumb dosh out there looking for a home