Originally Posted by
duncan macgregor
NITA at the risk of stirring up the unwashed i will give you a TA perspective of the sp where it has been and where it is likely to go. First of all its not a good trading share. Right now it shows a buy signal regardless of the downtrending market which makes it a risky buy. If we use a long term 180 day moving average for the more conservative investor lets see how the market was over a two year period looking forward. I did say run a 5% stop loss to get out and yesterday was a buy signal before the event so hold me to that so lets compare you holding over the two years or you trading to compare.
1, The FA brain dead investor made nothing sitting on a loss half the time.
March 2006 bought 92c sold when it downtrended from 106c at 101c= plus = 9.78%
Nov 2006 bought 94c sold when it downtrended from 106c at 101c = plus = 7.44%
april 2007 bought 94c sold when it downtrended from 134c at 127c = plus = 35.10%
Nov 2007 bought 104c sold when it downtrended from 114c at 108c = plus = 3,84%
JAN 2008 bought at 110c Nita wants to know what comes next a 5% loss or a win
Macdunk