Well, I guess I am a Kiwi bull for now. Rationale is in the chart.
EDIT: FONTERRA just announced a major dividend cut and reduced forward guidance. That's a pretty big deal. FONTERRA is to NZ what mining is to AU. Before deciding how to act be sure to give this some serious thought. Should help us get to the entry point. We'll see.
EDIT: FONTERRA just announced a major dividend cut and reduced forward guidance. That's a pretty big deal. FONTERRA is to NZ what mining is to AU. Before deciding how to act be sure to give this some serious thought. Should help us get to the entry point. We'll see.