.......or just mabye the Moose has crystal balls??
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Those linear regression channels are fascinating
CNU been in a steady downtrend since September last year, at a rate of 0.1% a day (quite a lot over 400 days)
Each time the Comm Comm has come out with bad news the price has fallen to the bottom channel line (1.4 std dev from main trend) --- spooky eh when it has happened 3 times now
So from here -- maybe back to $2.40 (the trend line) in 30 days time .... although if things are looking a bit cheerier maybe a bit higher
Can't dismiss the fact that shareprice has been declining for so long it probably will continue to do so .... even of there is a positive outcome .... then performance counts.
My considered opinion .... doubt whether you will see $2.80 again
So couta1 - maybe should have waited a week or so and reduced your losses by $40k
Yes Winner maybe but maybe I should have sold out at 2.65 a couple of weeks ago for a 25k loss, thing is this last week has totally surprised everybody especially the Govts weak cup of tea reaction this thing could get much worse yet and could end up getting retendered after all the other two companies involved are rolling out faster broadband than CNU according to latest herald article no this thing is too hot to handle even traders should be wary
You'd do much better reading Whale Oil and other relevant blogs (is Trans Tasman still going?) than you do producing your silly TA lines into infinity.
Don't knock it, Major.
Paying attention to those regression lines over the last few months would have kept potential buyers from premature action!
:cool: