Originally Posted by
moosie_900
haha yeah, just reuse the old charts of DIL, don't want to waste resources on CNU! it seems we have a lot of over qualified cleaners in NZ (guy with an IT degree at mine). I'll gladly empty bins, as long as I have access to the market to make real money.
the problem is TA, nor any other type of models, can predict the future of a share price. what you are looking for is buying on good news and selling on bad. unless you visit the Occidental often or are mates with Mr Key or Ms Adams, the best thing you are going to get are SSH notices from major players. TA is a good guideline to see where the SP will most likely go (dooooowwwwnnnn).
sure, you could buy now below $2.00 and you could get a great announcement from the Gubernment the next day saying "were going to make copper lines a squillion dollars per month", but you could also be catching the first of many falling knives. have you seperated your capital into 3-4 lots for buys in case you do need to average down? are you prepared to hold for months on end for an announcement? are you liquid or illiquid (DIL has tested that for MANY people!)?
the point is, why not buy elsewhere then buy when good news is confirmed? you may miss the first 5-10% gains, but you may also avoid many months of stress, handwringing and uncertainty!
disc - mooses do not know the future nor are they tasty meat. please, no hunting them if you take my advice and do no other research. do not own CNU nor looking to initiate any positions.