Yes it is a fluid situation it would appear right now but the overriding thing to remember is that Chinese demand is skyrocketing - estimates are that Chinese annual baby formula consumption could reach $25 billion in 2016 up from $12 billion in 2012. The Chinese need international product for many years yet and at a growing rate so they can't get too restrictive.
And of course we must remember were talking niche market here for all those fussy Chinese that don't want A1 powder so not as much competition as one would think for their target market ie the fussy and health conscious.
07-05-2014, 10:13 AM
bull....
atm broke its uptrend yesterday
07-05-2014, 10:29 AM
MAC
No but I've found a whole bunch of professional stock knockers.
07-05-2014, 10:31 AM
couta1
Quote:
Originally Posted by bull....
atm broke its uptrend yesterday
What uptrend? The last uptrend was in April
07-05-2014, 10:37 AM
winner69
1 Attachment(s)
Quote:
Originally Posted by couta1
What uptrend? The last uptrend was in April
the long term uptrend couta
roughly looks like this but much the same as a long period sma
07-05-2014, 10:51 AM
couta1
Quote:
Originally Posted by snapiti
lol, we well let the market do the talking then.
The whole markets down Snapiti so its talking through a loudspeaker not just having a wee word in A2 s ear.
07-05-2014, 11:07 AM
winner69
1 Attachment(s)
seeing we in silly mode today
07-05-2014, 11:08 AM
couta1
Quote:
Originally Posted by snapiti
I am not just talking about today.
We have weeks of uncertainty ahead.
But since you mentioned it, unlike ATM the whole market is most certainly not trading below the 200 DMA. VERY BEARISH
Yep I'm used to those Bears same story over at Xro just waiting for winter for those bugger's to go into hibernation mode:scared: