Bye bye A2M at $2, The NZ-PRC Free Trade Agreement (FTA) blasted away horrifically for Fonterra in the P.R.C. A skull slugger, JPK not only stranded on a Townsville Tarmac, while his FTA is blown away, what more can he have to say?
http://www.stuff.co.nz/auckland/loc...nded-in-Australia-after-take-off-fails-again/
A2M has just received a slug. I wonder how a farmer such as Bill English could get A2M out of this one?
http://www.stuff.co.nz/business/farming/85683229/nineteen-arrested-in-china-over-milk-powder
I suspect the A2M SP could go a bit lower from here on the same momentum signal and bot/ algo trading that influenced SGR and SkyEntertainment in the wake of the Crown 18 scandal. This Fonterra scandal will run in the NZ media with no good consequences for A2M IMHO.
Discipline is not a quality that comes to mind when thinking of Mr Babidge, Mr Key and all. At least President Xi is putting some morality into commerce and discipline into the business world stopping what they think r these horrendously immoral companies named as CWN and FCG from trying to upstage seasoned, respectful players such as A2M, AHF, SGR, TAH IMHO: see the Irish Times article below:
http://www.irishtimes.com/news/worl...p-on-power-as-communist-party-meets-1.2841214
Possible shift to Camperdown and AHF. Coincidentally PM Key was stuck in Townsville, Australia, one of the spiritual home of CDC now AHF. Some people have described that in a Trevor Chappell/ McKechnie underarm analogy but it is obviously a coincidence, twittersphere or not.
A2M will now inevitably drift lower. AHF might continue to be acquisitive. A2M should not fall too far as it will be bought on weakness probably the continual resistance point of $1.67-$1.72 AUD
All IMHO but pls DYOR.
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