Friday, August 5, 2011

Share Price Alert: The Entire NZX

NZSX50 Chart NZSX10 Chart ASX200 Chart
Global Indices

At time of writing the NZX 50 stockmarket index is down 95 points or 2.80% after a toweling on the DOW last night and a rogering in Europe.

Most non market watchers find days like these terrifying but I like market jitters like this because I love getting bargains. It is the equivalent of boxing day sales before Christmas.

I am by nature a contrarian and like to buy as others are selling.

Everything on the NZX today is down with the 5 biggest drops from the Share Investor Portfolio in this order.

Goodman Fielder Ltd [GFF.NZX] 6.1%
ASB Preference Shares [ASBPB.NZX] 3.9%
Steel & Tube Ltd [STU.NZX] 3.7%
Ryman Healthcare Ltd [RYM.NZX] 3.7%
Fletcher Building Ltd [FBU.NZX] 3.2%

I would suggest that Monday might be an even better opportunity to have another look as sentiment on Wall Street doesn't look good as well as some important economic data out overnight on jobs looks likely to be negative.

I will be looking to make a move on Fisher & Paykel Healthcare Ltd [FPH.NZX] after a good canning on the DOW, tomorrow NZ time. It is currently trading at $2.47, close to my target of $2.35.

Like we didn't see this all coming.

Share Price Alert Series

Contact Energy Ltd 4
The Warehouse Group Ltd 2
Contact Energy Ltd 3
Contact Energy Ltd 2
Xero Ltd 2
Pumpkin Patch Ltd 4
Pumpkin Patch Ltd 3
Hallenstein Glasson Holdings Ltd
Telecom New Zealand Ltd 4
Telecom New Zealand Ltd 3
Port of Tauranga Ltd
Freightways Ltd 3
Goodman Fielder Ltd 2
Freightways Ltd 2
Telecom New Zealand Ltd 2
Ryman Healthcare Ltd
Charlies Group Ltd
Fletcher Building Ltd 2
Contact Energy Ltd
Steel & Tube Ltd
Telecom New Zealand Ltd
New Zealand Stock Exchange Ltd
Mainfreight Ltd 2
The Warehouse Group Ltd
Pumpkin Patch Ltd 2
Hallenstein Glasson Holdings Ltd 2
Fletcher Building Ltd
Restaurant Brands Ltd
Mainfreight Ltd
Tourism Holdings
Goodman Fielder Ltd
Pumpkin Patch Ltd
Hallenstein Glasson Holdings Ltd
NZ Refining Ltd
Freightways Ltd
Xero Ltd


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c Share Investor 2011