Exactly and demand will fill them quickly that's for sure
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How low do people see SUM going this time? sub 3.20 by last double-bottom or around 3.35 via upward trend? (Not sure if i'm doing this charting thing right, be happy for any corrections/suggestions/advice!)
Attachment 5398
Hi there
I'm new to this share trading game, but I have experience in data analysis for scientific time series data.
One thing I've noticed in clip's plot as well as the plots on Direct Broking that I think is strange is that you plot moving average to the end of the sampling window, whereas in my work I always plot it to the middle of the window. Thus, the MA calculated for today in a 30 day window would register at 15 days before today.
Plotting it to the end of the window means that peaks and troughs are displaced from when the actual peaks and troughs occurred.
That's likely because it is using the default settings of 5/10 day MA's, I did not increase it as I normally would when using a 6 month sample size - Was only looking at the SP line in the above chart to draw the lines over it. (Again I am new to this as well so not sure if what I have done is correct or accurate :) )
Nice try, but the price drop is not specific to Summerset. Its a general mini-panic, fuelled by herd mentality. Nothing has changed for Summerset, which has been undervalued for far too long, so I doubt it will drop much further and will be one of the first to recover. IMHO>
At last .....SUM outperforming RYM today ...at least % wise
Hopefully people are selling because of a general downturn and not like sheeple because a broking company thinks its going to cost a little more to get care centers up and running,why do they think that the care centers are built after the independent units are built and sold? Cash flow of course,accounting 101 here
If I may be forgiven for being a little bold, their release did seem to ring a little of timely bias also, and I wouldn't be surprised to hear they have a client ready to buy the dip.
Only Forsyth Barr would attempt to spin a view that an increase in build rate from 200 to 300 in 2015 is somehow bad news.