Shambles there is no answer to your question . It is what the sharemarket is all about,and why we have a market. We all see it differently. Your call and yours alone.
Printable View
Shambles using TA discipline you would have bought in before the rise on 26 Oct 2011 at 65c and out on the breaks on 16th May 2012 at 76c ...Realised 17% profit in 6 months.
The problem with not selling on the signals is that you are now relying on Hope (Hope is an emotion...emotions are a negative in sharing investing.)
Selling out on the break realises your capital gain and not at risk.....OK..The share price may HOPEfully turn up again if so the buy signals will return The TA person may lose a couple of cents and buy in again at a higher price ...but the risk has been minimised.
Interesting event before the 27th October 2011 gap up....TA picked up unusual bullish trading behavour suggesting something was up.:)
Selling out at 79c is credible too when the shareprice failed to push past 80c with negative divergence warning bells ringing
http://i458.photobucket.com/albums/q...ZO22052012.png
Thank you Digger, right you are.. I suppose I'm just looking for any chart heads out there who might be able to offer some insight into the current trend. It looks to me like the recent short term uptrend has been broken and the price might follow the longer term downtrend as a result.
Really enjoy reading this forum, don't comment much but certainly follow everyones posts with interest and glean a lot of knowledge and information from the combined experiences and opinions.. thanks to all who contribute.
Best, Shambles
Yeah right as the advert says.
You are getting as bad as Phaedrus was with this 'It is all so obvious now rubbish.
1) Where you buy and sell, as a TA person, depends upon the particular entry conditions you use. There is plenty of room for variation.
2) before 26 Oct, you buy into downtrends ?
3) you sell on the tiny dip then ?
I expect better of you Hoop
best wishes
Paper Tiger
I sold out today.. feel's good to be rid of NZO, it's only gone in one direction for me since I bought in.
Valuable lessons learned - don't average down being one of them, always buy in an uptrend being another.
Now to find the uptrends... RYM IFT look good.
nzo is going through a phase where patience is needed . Looking ahead we should get a 5 cent dividend plus imp. credits in 4 months . Kupe is producing well and cash reserves are increasing-helped by the fall in the Kiwi .With the start of the buyback I bought some more-with margin lending money -having persauded my bank to reduce interest rates on this and my mortgage .To me its a time to buy when there is such a disparity between eps and interest rates.Have you thought about CEN-current wholesale power prices are on a massive uptrend
Have just checked tunisia-maximum write off looks to be $4m in the event that a decision not to develop is made by september-in contrast there could be a lot of upside .I would regard that as insignificant in relation to the $60 million earnings from kupe and tui.