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clock Created with Sketch. 12/12/15
10:12
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Originally posted by Orwell
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Hera as the technicals are early days and still unfolding, yes you need to be taking a view on fundamentals for a long term buy and hold if you want in. It sounds like there’s a business here but I’m not sure about kitchens and a long term punt on the residential market. The Sydney perspective is of looming market oversupply of apartments which might give an initial boost as these are completed and fitted out in the next year or two, but will get hard for retailers after that. Have a look at CSR and Harvey Norman to see what fund managers currently think of both building suppliers and furniture/kitchen suppliers. Both turning down after hard runs.th bar turning up on 9/11/15 it shows the 4 bar reaction was a valid counter-trend in a bull move and the uptrend is resuming.
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Thanks again. Yes, i like the construction pipeline for the next 18 months and then it becomes less clear, along with consumer spending. The idea is to go big, early and reassess, as the landscape changes here in Oz. Hopefully, by then, the stock will be 50%+ higher and i will have received a number of cheques in the mail. Or, if the property market looks truly cooked but i'm sitting on too high a capital gain and i don't want to sell and also want to keep the dividend, i might just short the stock or something like CBA.
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