Going like a rocket. Up 24c so far today and hopefully hold on to it.
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Going like a rocket. Up 24c so far today and hopefully hold on to it.
Looks like Carmel has grabbed another 1% over the last day. Anyone in RAK atm?
Repeating past behaviour is Fisher Fund with new IPO. Buy and keep buying to make performance short term look good until it blows up - BGR, RBD, TUA to name but three.
Good strategy then in buying early on when carmel is on the prowl and taking advantage of her enthusiasm ..... as long as you don't hold beyond use by date
Rakon has been one of those opprtunities (no doubting carmel has helped the price)
go carmel ... go for another 5% or so of the company and one day you might be able to buy my shares
And another 1% reported Trackers. Being naive about these details does it necessarily have to be over the last day. How often must substantial holders report?Quote:
quote:Originally posted by trackers
Looks like Carmel has grabbed another 1% over the last day. Anyone in RAK atm?
http://stocknessmonster.com/news-ite...S=RAK&N=135486
Disc: Held indirectly through KFL
Treetops
Treetops
I believe once you breach the 5% threshold its every 1% +/- that requires a SSH to be filed
Looking more like TUA everyday. KFL now has to keep buying to keep the sp up and other institutional investors keep feeding it to KFL.
Then, the sp gets hit ...... like TUA, BGR, RBD, POD etc.....
Some may remember the Prudential submerging fund - stella performance in the early 90,s which Carmel ramped up and up and oops no one to buy when she wanted out. Yep agree following this little lady is one dangerous strategy because hers is only to buy buy buy. No brain work beyond that. [}:)]Quote:
quote:Originally posted by sniper
Repeating past behaviour is Fisher Fund with new IPO. Buy and keep buying to make performance short term look good until it blows up - BGR, RBD, TUA to name but three.
Interesting thought Sniper. Why did GPG buy TUA then? Are Ron and co crap as well or did they see some value. I don't think she ramps Rak. She seems to buy on short term downtrends. Carmel is no more a fool than Ron then. It depends what the fundamental value is and the potential for growth. Once she reaches 10%+ we'll see what happens to the sp when she slows the buying pressure. She'd be a fool to keep ramping it unnecessarily. Personally I think all people that work for brokers can't stand her. I wonder why. ;)Quote:
quote:Originally posted by sniper
Looking more like TUA everyday. KFL now has to keep buying to keep the sp up and other institutional investors keep feeding it to KFL.
Then, the sp gets hit ...... like TUA, BGR, RBD, POD etc.....
Thanks for the info Shasta.
Treetops
Ahhh ... the thoughts of a primate living on a tree comes through in the form of Treetops.Quote:
quote:Originally posted by Treetops
Interesting thought Sniper. Why did GPG buy TUA then? Are Ron and co crap as well or did they see some value. I don't think she ramps Rak. She seems to buy on short term downtrends. Carmel is no more a fool than Ron then. It depends what the fundamental value is and the potential for growth. Once she reaches 10%+ we'll see what happens to the sp when she slows the buying pressure. She'd be a fool to keep ramping it unnecessarily. Personally I think all people that work for brokers can't stand her. I wonder why. ;)
Thanks for the info Shasta.
Treetops
Here are the facts so that you learn something - GPG sold TUA to KFL first and KFL kept buying on the market and kept ramping the sp all the way up to $4.80. Then, TUA sp started falling and when KFL tried to get out, it fell very quickly to $1.80. GPG then bought it off KFL for $2.10.
Same as RBD and BGR. Buy and keep buying is KFL's investment strategy. Creates a great illusion, huh?
Now you savvy? Come back to ground and try walking on 2 legs. ;)
Surely the last few posts would be more appropriate on the KFL thread. Some of you are a little unfair as you pick out the shares that have gone down while ignoring the picks that have been great successes (RYM, MFT, RAK etc).
KFL doesn't use technical analysis to make its buy/sell decisions so just because a stock price is going down doesn't mean they will be looking to sell. They have specifically stated that they will make a decision to buy or sell on a number of factors, one of the major ones being confidence in the management team. In some cases they have waited till they have really lost confidence in management before dumping the particular stock. But overall they seem to have a pretty good record of picking good management teams in my view.
As far as Rakon & KFL are concerned surely the motive is for KFL to get the magical 10.01%, & maintain a blocking stake, but do so gradually & not at any price.
Sniper, i do agree their methodology on selling is technically flawed, but that's their style & short term sp fluctuations do not trigger sell signals.
I had my doubts about the RAK investment to start with, but so far so good, and am happy to judge KFL's performance at the end of the financial year.
Disc: Hold RAK via KFL
Also hold some RAK but prefer the direct route. Agree with some of Sniper's comments re KFL.Quote:
quote:Disc: Hold RAK via KFL
Back when Carmel started the Prudential Smaller Companies fund I put $40 k into her fund and directly invested another $40 k into the same sector and monitored relative performance for three years. After three years I sold the Smaller Companies fund stake because the direct investment performance was absolutely slaughtering what the fund was producing. (the fund did do about 60% one year then bombed)
I'm not suggesting that KFL is going to underperform the same as the old Pru Smaller Companies fund but I suspect direct investment will once again be better.
Quote:
quote:Originally posted by Treetops
Interesting thought Sniper. Why did GPG buy TUA then? Are Ron and co crap as well or did they see some value. I don't think she ramps Rak. She seems to buy on short term downtrends. Carmel is no more a fool than Ron then. It depends what the fundamental value is and the potential for growth. Once she reaches 10%+ we'll see what happens to the sp when she slows the buying pressure. She'd be a fool to keep ramping it unnecessarily. Personally I think all people that work for brokers can't stand her. I wonder why. ;)Quote:
quote:Originally posted by sniper
Looking more like TUA everyday. KFL now has to keep buying to keep the sp up and other institutional investors keep feeding it to KFL.
Then, the sp gets hit ...... like TUA, BGR, RBD, POD etc.....
Thanks for the info Shasta.
Treetops
Watch her melt away when the going gets tough and no amount of ramping can help her ailing prospects.
Another broker?[|)]Quote:
quote:Originally posted by lambton
Quote:
quote:Originally posted by Treetops
Interesting thought Sniper. Why did GPG buy TUA then? Are Ron and co crap as well or did they see some value. I don't think she ramps Rak. She seems to buy on short term downtrends. Carmel is no more a fool than Ron then. It depends what the fundamental value is and the potential for growth. Once she reaches 10%+ we'll see what happens to the sp when she slows the buying pressure. She'd be a fool to keep ramping it unnecessarily. Personally I think all people that work for brokers can't stand her. I wonder why. ;)Quote:
quote:Originally posted by sniper
Looking more like TUA everyday. KFL now has to keep buying to keep the sp up and other institutional investors keep feeding it to KFL.
Then, the sp gets hit ...... like TUA, BGR, RBD, POD etc.....
Thanks for the info Shasta.
Treetops
Watch her melt away when the going gets tough and no amount of ramping can help her ailing prospects.
Actually I'm hoping RAK and all KFL shares retrace. Back to a 20% disc to Nav. ;)
Disc: I want to buy more while my broker friends are in fine fettle. Keep it up guys. :D
Why are you so hard on KFL and co...? What about RYM, MFT, PPL, WAM, MET, etc... have you picked better or more consistently? Although I was surprised with their buying into Delegat's... other than that they are on the ball, like swooping in on SP weakness when MHI was having a bad month a while ago. As for ramping up and driving down SP's maybe you should try buying on fundamentals, then this sort of short term phenomena (which happens when any and every large institution enters/exits a position with any haste) would not be so upsetting for you.Quote:
quote:Originally posted by sniper
Looking more like TUA everyday. KFL now has to keep buying to keep the sp up and other institutional investors keep feeding it to KFL.
Then, the sp gets hit ...... like TUA, BGR, RBD, POD etc.....
Cheers FG
Half year announcement suggests a full year NPAT of $9m65 or maybe better.
Although not complaining at the current share price ($3.46), anybody else regard the current forward P/E of 38 as a touch optimistic?
Yes, PT, that thought definitely crossed my mind... have wondered about that ever since its initial post-IPO rally, but then again I don't really understand the business that well so maybe there is a reason that goes beyond the basic economic value in the traditional mathematical sense... No doubt someone will explain!Quote:
quote:Originally posted by Paper Tiger
Half year announcement suggests a full year NPAT of $9m65 or maybe better.
Although not complaining at the current share price ($3.46), anybody else regard the current forward P/E of 38 as a touch optimistic?
Cheers
FG
as long as it keeps beating expectations.... it will trade on a high mutiple
Just joined the faithful with purchase. Only 15 G but I work on numbers and P/E doesn't come into it.Tech companies like this have the capacity to blast fundamentals off the planet or die overnight.
Bit of action on RAK today - up 22cps. Wish I could disclose I had some!
:) long a few
Now that rak has had a breather for a month, is anyone watching and waiting to pounce?
cheers.
I like Rakon but noted in their first half result that the bosses were careful to manage expectations about full year prospects. Here's hoping the market isn't getting ahead of itself on this one. My reading of the half year statement was they were saying `yes it's going well so far, but let's not assume one half year will translate into good full year profits".
If not I will buy on the correction :D
Yes, and 370 is shaping up as a fairly solid resistance level.
I see in their november 1/2 report that they made 5.6M, and reckoned that they were "well placed to meet a full year EBIT forecast of 14.8M.
I'm a-watching.
When I last looked, up 17c. Anyone know why? I know they have had a bit of publicity recently. Or does someone know about the half year results?
After 5 weeks butting up against 370, today's jump seems a fairly significant breakout.
While it's only 4.3%, it certainly comes out of nowhere, which smells a bit ratty to me.
I suspect that 'someone' does know 'something' and is acting upon it while scamper snuffles round in the dark.
but at least my conscience is clear.
It will be Carmel and her gang again i bet.
According to the news tho, its up due to RAK's largest customer posting a record profit result....
it could also have been a short cover rally, there was someone with a 100k order on the offer at 3.70 a few days ago...
well, the price continues to go up today. Now I really wish I had some!
KFL have increased their holding recently.
*sigh* Well geez, I am soooo glad I parked my dough on Charlies and not on Rakon [xx(]. Then again, you have to take a punt somewhere, right? Perhaps I should've just put 50 sheckles on each. I'd be up a whole groat!
nice, I have been in since 310c. next three years will be interesting with the new GPS receiver they have developed, with the compulsory GPS in mobile phone(s) from 2010 hope they can secure supply contracts with Motorola (one of their current customers) or similar.
Jackie
Still got mine from the IPO.
Very happy chappess here [^]
ditto got mine in the ipo
it was the trade off with my broker for not getting any Wotif
I only wish, like Carmel i'd loaded up at $2.20 on opening day....... with a start like that it was always destined for bigger things
ahhh harry hindsight
Whats with RAK at present. Price is galloping up over the past two or three days with another 14 cents this morning.
If I owned any, I guess I would be saying that the market is just recognising the future value of this innovative company. Since I don't own any, I can't see any good reason for the galloping price - you might expect that if, for instance, they had secured a huge contract with a major customer, or just found a terrific new product. But there hasn't been an announcement. Hmmmm...
Problem is that people "know" well in advance of any announcement. It might be called insider trading but that form of IT seems to be acceptable. Just like those who "knew" that Goldman-Sachs were going to upgrade AIA and lifted the price. Or maybe they knew I needed the money to fix my wifes hip?
Another 27c so far today - watch for some profit taking?!
whats NZX doing? No 'please explain' yet?
Depth shows few sellers and lots of buyers up to a cent below the current price. Profit takers might find that they should have waited
I am consoling myself in the knowledge that I have picked RAK in the Sharetrader Investor comp. So at least I am in the virtual money [B)]
Me too - and ABA which is doing well. Happily, my other picks for the comp are likely to be reminders that my hunches are more likely to wrong than right so not to commit actual $ to them!
something is up here!
result must be good, new contract to put GPS in the iphone ! hah not soo crazy if you think about it
who knows.
NZ market leaks like the titanic
Let's just hope it doesn't go down the same way....[:o)]Quote:
quote:Originally posted by Footsie
NZ market leaks like the titanic
Cheers all
YOTT
Disc. Still hold RAK from IPO [^]
Welcome back, YOTT. (I must have noticed your absence for some reason - I'm sure it was a positive reason!)Quote:
quote:Originally posted by Year of the Tiger
Cheers all
YOTT
Disc. Still hold RAK from IPO [^]
Thanks for the 'welcome back' Colin. I've actually been reading the posts here on a regular basis but I guess I'm one of the slackers who doesn't really contribute to the site. And I have to confess that I'm not really a slacker, its just that I feel I don't have a lot to contribute so I just read what everyone else has got to say.Quote:
quote:Originally posted by COLIN
Welcome back, YOTT. (I must have noticed your absence for some reason - I'm sure it was a positive reason!)
I suppose that I could ramble on incessantly about all sorts of inane garbage but I think there are already a few here that have the monopoly on that.... :D So for fear that I start competing for a slot in the garbage bin, I will sign off now..
Cheers to all investors, traders, casual onlookers, and anyone else who frequents this site. Good luck for 2007, and just to get back on topic, RAK is treating me very nicely just now...;)
I agree with Colin. Nice to read your posts YOTT. But most of all...could you tell me the name of your broker ;)?
I've been told full-service is the way to go for IPO's, but the best I can get out of mine is the occasional lunch... I think the last IPO I was offered would have been FTX!
Now we know what was up, there must surely be an enquiry as to who took advantage of advance knowledge?Quote:
quote:Originally posted by craic
Whats with RAK at present. Price is galloping up over the past two or three days with another 14 cents this morning.
In other words, ...Tui AdQuote:
quote:Now we know what was up, there must surely be an enquiry as to who took advantage of advance knowledge?
Colin, there's a bob or two to be made by astute observation of the market on a day-to-day basis if you have the cash and the bottle to follow through. AIA was also a good example. this share languished for ages in the slow lane, then recently it moved up and up for no apparent reason - that is until JB Were Goldman-Sachs announced that the profit potential was understated etc. It seems to be acceptable, and possibly hard to prove, that insiders can make a bit of hay while the sun shines, but, if they decide to profit from misfortune by dumping with foreknowledge of impending doom, then it's a different matter.
Any bets on where this will go after the embargo is lifted? I would expect it to get close to 500cps by the weekend.
Hi Liz, Nice to see you again. I hope the holiday season went well for you and your family.Quote:
quote:Originally posted by Lizard
I agree with Colin. Nice to read your posts YOTT. But most of all...could you tell me the name of your broker ;)?
I've been told full-service is the way to go for IPO's, but the best I can get out of mine is the occasional lunch... I think the last IPO I was offered would have been FTX!
Actually I use ASB OST for all my buying (and occasionally selling) of shares.
The first shares that I bought back nearly 4 years ago (except for TPW which I've held since they were given as freebies to all their customers in the mid 90's [^]), I bought through an ABN Amro broker who recommended to me POA, SKC & NZX. I tucked them in a file and forgot about them for a year or so then decided to pull them out and try to learn a bit about the companies. That got my interest a little primed so I decided to start reading about companies and keeping my ear to the ground as to what the punters were thinking.
I decided at that stage that if I was going to be buying shares, then I wanted to be in control of what I was doing and not relying on a broker for advice. (Hmmm, sounds like I'm a bit of a control freak doesn't it? ;)) Since then I've built up a small portfolio of both NZX and ASX shares that keep me interested.
Back to the topic of Rakon. I saw on the ASB OST site, information about the pending RAK IPO. I got a copy of the prospectus and was quietly confident with the type of business they are in. I put in a maximum order to ASB and hoped for the best.
There endeth the story..... :)
Cheers all
YOTT
Here is the answer?
Rakon's $54m buy sets off scramble
Technology company Rakon is buying part of a British firm for $54.1 million as it aims for a bigger share of a growing market for the crystal oscillators used in electronic devices.
Rakon will pay for the deal with a $60 million share issue.
Professional investors are expecting a "lolly scramble" for up to 16 million new Rakon shares.
Tom Hall, have you worked it out yet? Steepest plateau i've seen in a long time.
The share issue is expected to help RAK get into the NZX50 index which should mean more support from the institutions...
Rakon Limited - Announcements
RAK
14/02/2007
ENTITLE
REL: 0834 HRS Rakon Limited
ENTITLE: RAK: Rakon announces record date for Share Purchase Plan
Rakon Limited announced to NZX on Monday 12 February 2007 that it had agreed
to purchase the Frequency Control Product division of C-MAC Microtechnology.
This was funded by a placement to institutional investors. Rakon also
announced its intention to offer eligible shareholders the opportunity to
subscribe for up to NZ$5,000 worth of shares through a share purchase plan.
Proceeds will be used to fund further capital expansion. It is proposed that
the record date for the share purchase plan will be Wednesday 28 February
2007 and documentation will be sent to eligible shareholders shortly after
that date. Further details about the terms and conditions of the share
purchase plan will be provided shortly.
Tom Hall, Rakkon had made two announcements before my (PM reply to you. I take all announcements through my email and also use other up-to-date sources. By the time I replied, I already knew the full implications of this whole deal. As for the future, RAK Profit is up and the value will grow but there is likely to be a lot of dealing on the market related to profit taking and speculation up to 28 Feb. After that there should be a significant drop.
Looks like old Carmel is picking up a few today
Also she got some in the placement, at a healthy discount.Quote:
quote:Originally posted by trackers
Looks like old Carmel is picking up a few today
Colin ??? Got some in the placement at discount. Have you had the offer to shareholders? A bit remote here and nothing in the post this morning.
Craic - I meant that Carmel got some in the placement. I am not a direct investor in RAK, but have a diluted interest by virtue of my holding in KFL - along with PPL, MET, FRE, RYM, MFT, MHI, DGL, and all the others in Carmel's bag of goodies. My only concern is that maybe the prices of some of these are being supported by Carmel's continued buying interest; take that away and would the respective prices hold up?Quote:
quote:Originally posted by craic
Colin ??? Got some in the placement at discount. Have you had the offer to shareholders? A bit remote here and nothing in the post this morning.
I'm sure your RAK offer will reach you in good time - these Maori runners are actually quite fast!
Craig, see my post of 14/2/07....Quote:
quote:Originally posted by craic
Colin ??? Got some in the placement at discount. Have you had the offer to shareholders? A bit remote here and nothing in the post this morning.
RAK
14/02/2007
ENTITLE
REL: 0834 HRS Rakon Limited
ENTITLE: RAK: Rakon announces record date for Share Purchase Plan
.....It is proposed that the record date for the share purchase plan will be Wednesday 28 February 2007 and documentation will be sent to eligible shareholders shortly after that date.....
Cheers,
YOTT
Does anyone know whether the market has factored into the current Share Price how the increased demand for crystals, "if" Apple put GPS into the new upmarket iPOD's, would effcet the crystal price???
You bet it has HD!
The basic tenet of Dow Theory is that "The market discounts everything". This means that everything that can possibly affect the price fundamentally, politically, psychologically or otherwise is reflected in the shareprice. (Murphy, 1986)
And inclusion in the Top-50 is probably a contributing factor to the jump in the sp today. (But of course the Efficient Market Theory should already have foreseen that!)
Thanks Phaedrus.
I like DOW, its a good simple trading system [based at least intially on railroad stocks], my understanding of it is don't try to pick the top or the bottom of the market, and run with the LT trend. Be happy to miss the top and bottom to avoid false signals [My most expensive trading/investment errors have come from this also my most profitable buys]
I like the strong market hypothesis but stocks move every day on no new information, people are trying to second guess [and third guess] what others are thinking. Traders using computer algorithms make up the bulk of the volume markets offshore. The only info they need to make trades is price and as they all effectively "collude" with the other algorithms to set price so I suspect there are many cases of mispricing [the Emperors New Clothes effect].
I haven't really been able to get any info on RAK, but I sort of understand supply and demand. If RAK have 50%+ market share and the demand of crystals goes up [due to widespread adoption of crystals in portable consumer devices] their profits should go up quite a bit.
IMO the current price seems to take into account the potential downside of NZD, the recent acquisition and some organic growth. If GPS goes mass market this stock could possibly be a multibagger... or maybe not.
Thanks to your advice I've started using zig zags, as I can understand them and it seems to to be as good as any other method to implement the DOW thoery. I like the zig zag on RAK at the moment. DOW tells me to buy the current dip even without knowing much about the stock....
Cheers
I try to go 2/3 long [or short in the case of overvalued stocks] and use the zig zags to swing trade the other 1/3.
My equations all throw up RAK and I bought 7,000 odd in recent months. So far thecapital growth is $1 per share and I have sold everything else in my portfolio and now look forward to the extra $5,000 of RAK that I believe that I am entitled to at $410 cps? I am prepared to sit on my cash for a time because there is too much volatility (risk) around at this time.
Anyone received the docs for entitlement to $5000 worth yet?
Let's hope that our beloved Government see fit to dish out tax-breaks for R&D; RAK could benefit significantly from such a change in policy.
And no, I haven’t received the doc’s yet.
According to the company's announcement to the NZX (2.39 p.m.) they were being mailed today.Quote:
quote:Originally posted by KJ
Anyone received the docs for entitlement to $5000 worth yet?
Thanks-I see that now.
Any predictions on what will occur after the placement? I'm putting my money where my mouth is on this one, and have gone for the full placement.
Zaphod, happy to agree. I am sorely tempted to buy up to $100,000 worth of this company. I will wait until the dust settles on the new issue. On the other hand, I am not sure how vulnerable a company like this is to Chinese and others.
I'm picking up my full entitlement as well...Quote:
quote:Originally posted by Zaphod
Any predictions on what will occur after the placement? I'm putting my money where my mouth is on this one, and have gone for the full placement.
YOTT
Will certainly take up my entitlement and add to in the future-have a feeling that it is going to have a good few yrs.
Is anyone still waiting to recieve their letter confirming entitlement?Quote:
quote:Originally posted by KJ
Anyone received the docs for entitlement to $5000 worth yet?
I bought RAK shares on last day of registration (28th). Does any one know whether I qualify for entitlement, and if so, who should I contact to recieve confirmation. Cheers
Got mine a few days ago
Suggest you ring Computershare Investor Services Ltd-09 488 8700.
have just spoken to asb (am an on-line investor) about not receiving letter confirming entitlement.
because i bought 'so close to registration' (27 Feb), the registry has sent my letter to asb who will send it down to me 'sometime this week'.
closing date to take up entitlement is 2 april.
so you might like to ring your broker to jiggle his/her/its memory... cheers.
Am looking at picking up a few RAK given the recent weakness... Anyone have any opinions as to its currency rate exposure?
I've picked up some more as well.
I am not worried about the currency, the high growth in GPS in mobile devices should make the currency moot.
Cheers
I have taken a different tack-have sold down over the last 2 weeks.All looks like it has got ahead of itself.
Had a look at depth. Most of the trades today are insignificant amounts - rats and mice. Looks to be a good time to have some cash to buy.
Guys I could be on the wrong track here but isn't a high NZ dollar only a bad thing for exporters who are price takers and have relatively poor and unstable distribution channels (I'm thinking commodities). A high NZ dollar could be a good thing for Rakon if they are smart: if their products are excellent and they aren't competing on price but in other ways then demand may not be related to price. All it will mean is that they get more USD (for example) than they would have for the same amount of NZD expenditure. If they keep those USD in that form rather than convert the currency they will be able to convert later when conditions are more favourable.
I don't hold and haven't investigated, obviously this only works if they price in NZ dollars. Just my thoughts :)
Trackers, Hairdresser, Craic - Technically, it is not yet time to buy RAK. Take a look at the RSI oscillator plotted here. See how, while RAK is currently "OverSold", no buy signal will be generated until the RSI climbs out of the "OverSold" zone. Previous RSI Buy signals are marked by green arrows - without exception these all flag excellent entry points. Maybe you or I could occasionally get lucky and beat an oscillator like this, but personally, I would rather back an objective system rather than any individual's opinion. Including my own!
KJ, Technically, it is not yet time to sell RAK. The chart below shows an assortment of trend indicators, none of which have triggered Sell signals. Take a look at the OBV - a continued nice steady rise, with no sign of any "smart money" getting out. See how the slow Stochastic oscillator is still well within positive territory (above 50%) and has been for this entire uptrend - so far. It pays to give stocks like this a bit of room to breathe - the big risk here is that too tight a system stands to flick you out prematurely only to watch the stock go on to make new highs.
Technically, RAK is currently a "Hold".
http://h1.ripway.com/Phaedrus/RAK418001.gif
Thanks Phaedrus-yes, I did recognise that RAK was technically not a "sell" yet.I simply felt it was time to get out with a good profit.
Past experience has told me that when a stock runs up as quickly as this,and sits on a PE of 45 plus,it can fall very quickly.
Of course I do not know if this will happen.
Thanks for that Phaedrus, enlightening as always...
Might wait a bit to see what happens with sp, and nzd/usd...
Thanks Phaedrus, enlightening as always. I bought all mine above $4.00 and will continue to buy more on the dips.
No coincidence that the current weakness on low volume is immediately after the in the money allocation.
I really think this is undervalued there is no good coverage on this stock should be trading at around 20x with the new acquisition. First mobile phones with GPS are shipping now, I expect that every mobile phone manufacturer will have a GPS phone out within 12 months [except maybe MOT LOL].
Every phone will need a crystal.....
Also how are you doing in the US???
HD, I am finding the US difficult to call and hard going at the moment. I generally run 6 trades there, varying the mix depending on my overall market view. If I am very Bullish they would be 6 longs, very Bearish, 6 shorts. If the market is generally flat, 3 longs and 3 shorts. My uncertainty is best illustrated by the fact that I currently have 2 long and 2 short trades.
PS: RAK has just now triggered a Buy signal, though of course the Close may be different.
You,re having some trouble with NZX as well. RAK is up 16 cents at the moment I wish I had followed my own advice yesterday and bought some.A prediction. I need $40,000 by Oct Nov this year to replace my boat and pay for an overseas holiday - I expect to get most of it from RAK.
then buy SOE
Sell your car and buy a sealegs amphibious vehicle!!
In Auckland traffic it should have no trouble keeping up
Trouble Craic? I think not. It takes a rise in price to trigger an oscillator Buy signal. No rise, no signal. I have acted on previous RSI buy signals for RAK and have had no reason to be disappointed. If this system as plotted had given a series of Sell signals for RAK, or if it had flicked you out just before today's big rise, your criticism would perhaps have been warranted - but it didn't. There have been NO sell signals at all. In short, I think TA is performing very well indeed with this stock.
Redzone - if I waste your money on software that only services dentists - and hasn't been going too well lately - then I would likely finish up in a paddling pool with a rubber ducky.
Phaedrus, thanks again for your charts and education.
Regards to RAK you say the RSI triggered buys, agree.
However, do you not use it for sell's when it shows "overbought" that is, it turns over from above the "70"? If not are you using trendlines/MA's/trailing stops mainly for sells ?
Jay, When a stock is in an uptrend, oscillators such as the RSI give a string of useless Sell signals all the way up. (There have been about 9 so far for RAK.) You want to exit when the uptrend weakens or ends and this is best acomplished by using trend indicators. There are many and the ones you mention are excellent examples. The Directional Movement indicator is another good one, but everyone has their individual preferences.
Similarly, when a stock is in a downtrend, oscillators give a string of useless Buy signals all the way down. Trend indicators should be utilised here too.
Cheers Phaedrus
Phaedrus
Trying having a ply on the NASDAQ.
I am following about 6 stocks on the NASDAQ and doing quite well. I am slowly upscaling my investments as my margin account is growing. I did pretty well on the bounce after the China thing but it took a couple of weeks.
I did pretty well on AAPL after it dropped down to $90. You have to be fast I've missed a few good trades just by delaying pressing the button by a few seconds waiting for that one last tick up or down.
I got killed on Micron after earnings, I thought it would bounce after it tanked to $11.50. Set up a stop at 11.35 and went to Australia on holiday, when I got back it had dropped to 11.00 and my stop was triggered but I accidentally only set it to the default 100 shares. I got most of it back the next day. Watch for this stock to tank after Friday.
Also I couldnt wakeup in time last night and missed my exit point on ADBE, hopefully it will be sold down tonight. Anything below 42.50 will be fine.
My current open positions are short on Motorola and Adobe.
I'm very confident MOT will tank tonight, max pain for Fridays option expiry is 17.50, ER was pathetic [really bad guidance] and the gap down on ER was closed today. currently at $18.21. If your up tonight it might be worth a look.
Re the market Record DOW headlines usually signal a red flag to the hedge funds, I expect with the next bit of negative news the hedgies to sell down the DOW again. I think you're right to be looking short. I would recommend that you hang in there you can make a lot of money very quickly in a short space of time. Unlike the good old NZX...
If your interested I could tell you how I work out my trading strategies. I would be interested in hearing yors, I dont know of anyone else who trades in the US.
Up 15 today.
Today is news day.
372K volume includes a 100,000 trade at 498...
News day tomorrow will be good I'm sure.
New MOT and NOK phones have onboard GPS....
Disc: RAK my favorite NZ stock
Did anyone else buy today???