Originally Posted by
flyinglizard
Yeah, you are right. It may be that ACC tries to block the way uptrend. When they did this in Feb, at that time, everyone knew high mortgage pain last till end of the year or early of next year, that was a clever short term trading. However, now all media, people and commercial banks put huge pressure on RBNZ to lower OCR, situation may change. Four big banks started lower mortgage rate rapidly, all data implies the CPI has been dropped better than expected, and we just wait for RBNZ Aug MPS, the toner may change. If ACC is still doing this now, that would be very shortsighted. In the long run, HGH is a seriously undervalued company, I would not be surprised if it becomes a takeover target.