NEN 0.00% 22.0¢ neon capital ltd

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  1. 409 Posts.
    As long as it is the kind of stock that moves up eventually I think we would be happy. While I completely agree stapleman, time is money. There is an opportunity cost leaving your money in this type of stock say relative to a 4% intetst rate in the bank. That being said, it's good to realize that 4% becomes 2% after inflation with liittle upside unlike $4 targets. And yes of course there is more risk but NEN does a great job at minimizing it, especially for this sector.

    I think what complexed a few, including me, was the price movement last year on the back of Vietnam announcements with strong volume hitting about 60 cents. If anything we are in a better position now. But as you say the "risk sentiment" has been poor. The market hasnt done too bad going over 4300 levels. But the market has been backed by stocks paying dividends fully franked at say 7% that are very strong.

    The short term is still important, it is what makes the long what it is. I still think we need a decent Christmas rally to build confidence here, though it may be outside NEN's controll. Looking foward the Fed meeting tonight will dictate short term movements I think.
 
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