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NZ_Shareman
Nov 24, 2019 6:29 AM

Meridian Profit Takers Short

MERIDIAN ENERGY LIMITED NPVNZX

Description

Suggest Sell keep some profit
Buy if it hits $3.785 looking for the next share price to run up

Comment

Meridian
Got this one wrong went back up, ok if your using NZ CMC markets and live in the market with a 10 pip Break Even or something which iam placing all the time myself one has to protect capital. trouble is one does miss some big moves on the Retrace then goes back in ones favour, it's a Trade off i Guess
Comments
alanmiles2314
Rio Tinto are closing a smelter
No where else for the power to go
NZ_Shareman
@alanmiles2314,

Just seen yr post was getting this sorted yesterday and posting as you were typing no less, update from post earlier in the week.

Yes they are trying to pretend that all is ok and some how there is a market for the smelters lot, don't know how they figure that but they all earn good cash and still all good companies, Temporarily under pressure.

: )

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