Meanwhile, away from the political discussions, JTH's thesis seems to be panning out so far.
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A couple of things;
1) I do believe people should be allowed to express their opinions, open dialog could change opinions that are demonstrably immoral or inhumane, If you allow that not all people are morons.
I concede that most people are resistant to changing their minds, but can't we be optimistic that humanity is becoming more sophisticated.
2) Untruth and propaganda aren't illegal (lucky for politicians), but paedophilia is so not really comparable to hate speech.
3) DOYR is an underlying mantra of this forum, so my assumption is people reading my post are people who keep themselves informed.
4) Telling other people what they should be allowed to watch sounds suspicious to me.
Let Putin give us money it's not going to change my opinion, he's a rabid dog who thinks it's pre 1986.
Lets move the politics to the Off Market Discussions page.
I see NZ Golf have announced Sky have (renewed) rights to the PGA tour for the next 6 years.....article is dated January but no announcement at the time.
Sky New Zealand secures a multi-year deal with Discover Sports and the PGA Tour (golf.co.nz)
Nice accumulation going on higher highs...Instos happy to keep fronting up with their money at these levels before eventual next big thing, whatever form that transpires in.
With c. $140m in the bank any thoughts on what Sky are looking at? NZME maybe?
Perhaps someone can explain the depth weirdness that happens here - trading at 2.69 and along comes a SELL order for ~2000 at 2.61... I know some people have commented on bots before, but how exactly is this helpful? Is the idea that the 2.61 fills at the end of the day and that becomes the final share price?
In the same vein, $2.71 for ~40,000 shares has just appeared... This wouldn't be bot behaviour?
Who wants to do the DEPTH101 here?
I think accumulation is in progress, but it's not the same "I'll take my fill and watch the SP go up" it's someone that is showing a bit more cunning and patience. The SP will go up slowly and may even come back from lack of buyers for a bit and then start again. We've got a serious buyer. Woohoo $3 here we come.
Playing out exactly as I was watching for. Give institutional money a few days to complete going through the report and confirming position sizes they are after.
The key thing I've been watching here is volume compared to the day of the announcement. The two days afterwards was around similar volume, then today was over >50% more. I always pay attention when volume is larger days after announcement, as it typically shows institutional money accumulating. The accumulation today was far more aggressive with good volume on the ask getting snapped up.
I maintain my stance of a $2.75 break this week, as long as the US market doesn't go too crazy.
https://www.tradingview.com/x/YvmPATqj/
Easy money buying off the impatient last week.
Already way overweight but when good things are on sale, one must buy more.
What did Buffett said about the stock market being a transfer of wealth from the impatient to the patient?
I think you are likely watching the pre-close match-off. This is essentially the same as what happens before the 10:00 open, and is explained here: https://www.nzx.com/investing/nzx-tr...-a-trading-day
The person selling for $2.61 wants to be pretty sure they will sell during the closing match, hence bidding a low value compared to recent trades which puts them in the queue ahead of many of the other sell orders. For a liquid stock like SKT, they'll be confident of the final match price being pretty similar to the trades prior to 4:45 (and in today's case, they ended up getting $2.70 for their sold shares). Ditto someone who has bid well above recent trade prices during the last 15 minutes of trading. Mr $2.71 would have ended up buying those shares for $2.70.
Buying depth loaded and ready for another accumulation day on the cards, may be with slight price rise too.
Edit: Big lot at 2.71 of 65k volume gobbled up in no time.
Anyone got any thoughts on personal price targets to sell? I'm overweight in Sky so looking to sell about 50% as prices rise. Maybe holding half my shares by $3 would be good, not hugely confident a big post-$3 breakout will happen. Interested in others' thoughts.
It all depends what pans out over next few months. Instos buying at current levels will be looking at another 30-50% from here or even more depending on strategic play, whatever that might be. Attractiveness of SKT now is how quickly that FCF is growing and how undervalued price relative to that.