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ATM-A2 MILK

Started by Shareguy, Jun 24, 2022, 09:03 PM

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Buzz

#495
May 27, 2024, 09:20 PM
Quote from: Left Field on May 27, 2024, 05:32 PMWhatever is behind this..... I'm loving it! Nudging $8.00

Market seems to be backing ATM v SML

TA shows an important close at $7.93 today above the double top high of $7.83 from 21/2/23. Interesting the NZX opened lower today than yesterday's close (uncertainty), but the ASX powered up from the open and NZX quickly followed and caught up. Indicators are well over bought though and even in the heady run-up days to +$20, and same in the recent run-up, it never spent more than two weeks overbought, we're past week one now. I'd anticipate anything could happen now, but assuming the breakout holds for a few more days, a modest run-up from here, possibly even to the next resistance $8.90-$9.10, or somewhere before then, a retrace to around here to test the breakout support. Right now it's 98% up from the Nov'23 lows. Quite the turnaround but will it stick!
Age is not a good measure of ability

Left Field

#496
May 27, 2024, 09:32 PM
Quote from: Buzz on May 27, 2024, 09:20 PM............Quite the turnaround but will it stick!

Indeed that is the question.
"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

Minimoke

#497
May 28, 2024, 04:45 PM
So no news since 19 Feb and SP stayed reasonably flat. Then no news for 2 months until mid April, stil on no news SP has risen 30%. What do insiders know? Could crack $8.00 this week if momentum continues.

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Left Field

#498
May 29, 2024, 06:21 PM
Quote from: Left Field on May 27, 2024, 09:32 PMIndeed that is the question.

...... and the answer is that the SP hasn't held its recent trend... (at least according to the today's 5 day chart.)

Glad I didn't make any predictions and looking forward to the next market update
"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

Minimoke

#499
Jun 13, 2024, 09:07 PM
Chinese Premier is in town. Says we are welcome to send more infant formula

Buzz

#500
Jun 13, 2024, 09:14 PM
Quote from: Left Field on May 29, 2024, 06:21 PM...... and the answer is that the SP hasn't held its recent trend... (at least according to the today's 5 day chart.)

Glad I didn't make any predictions and looking forward to the next market update

Who knows why it fell so sharply that day, today was a different story and i bet no one knows why that was either  :o
Age is not a good measure of ability

Buzz

#501
Jun 13, 2024, 09:17 PM
Quote from: Minimoke on Jun 13, 2024, 09:07 PMChinese Premier is in town. Says we are welcome to send more infant formula

Do you have a quote on that? Something we can rely on?
Age is not a good measure of ability

Minimoke

#502
Jun 14, 2024, 07:15 AM Last Edit: Jun 14, 2024, 07:24 AM by Minimoke
Quote from: Buzz on Jun 13, 2024, 09:17 PMDo you have a quote on that? Something we can rely on?

Here you go: "Memorandum of Arrangement on Infant Formula Cooperation"

https://english.news.cn/20240613/926cb02f59184723b4d132a66d98345c/c.html

and

"Mr Hoggard says an important part of the new arrangement is supporting audits of New Zealand infant formula manufacturing premises.

"The new cooperation arrangement will enable the Ministry for Primary Industries (MPI) to assist Chinese authorities with audits of New Zealand infant formula manufacturers," Mr Hoggard says.

"This is a strong demonstration of the trust and confidence China has in New Zealand's infant formula and food safety systems."

https://www.scoop.co.nz/stories/PA2406/S00084/government-boosts-agriculture-and-food-trade-with-china.htm

KW

#503
Jun 15, 2024, 02:53 PM
Quote from: Minimoke on Jun 14, 2024, 07:15 AMHere you go: "Memorandum of Arrangement on Infant Formula Cooperation"

https://english.news.cn/20240613/926cb02f59184723b4d132a66d98345c/c.html

and

"Mr Hoggard says an important part of the new arrangement is supporting audits of New Zealand infant formula manufacturing premises.

"The new cooperation arrangement will enable the Ministry for Primary Industries (MPI) to assist Chinese authorities with audits of New Zealand infant formula manufacturers," Mr Hoggard says.

"This is a strong demonstration of the trust and confidence China has in New Zealand's infant formula and food safety systems."

https://www.scoop.co.nz/stories/PA2406/S00084/government-boosts-agriculture-and-food-trade-with-china.htm



Unless that is weaponised against NZ manufacturers and is designed to ensure that Synlait's manufacturing plants end up in the hands of Bright Dairy for peanuts.  
Don't drink and buy shares in a downtrend, you bloody idiot.

Left Field

#504
Jun 26, 2024, 12:45 PM Last Edit: Jun 26, 2024, 12:47 PM by Left Field
ATM on the leader board today (in marked contrast to SML.)

Naaaice.  ;)

"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

Left Field

#505
Jul 11, 2024, 03:25 PM
Meanwhile another food scandal in China shows why foreign brands are preferred....

https://edition.cnn.com/2024/07/10/food/china-oil-food-safety-scandal-sinograin-intl-hnk/index.html
"The difficulty lies not in new ideas... but in escaping from old ideas." (J M Keynes.)

Minimoke

#506
Jul 25, 2024, 05:56 PM
Silence from governement on proposed IF blank tin labelling. Could be a worry

Buzz

#507
Jul 25, 2024, 06:12 PM
Quote from: Minimoke on Jul 25, 2024, 05:56 PMSilence from governement on proposed IF blank tin labelling. Could be a worry

Explain please, context.
Age is not a good measure of ability
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