RAK not looking so bright for FF
:confused:
Quote:
Originally Posted by
a bowden
Correct me if im wrong, but it seems a little strange that Fisher Funds just sold some of their holdings, in a positive time like this isnt this a little odd. The only reason i can think would be that because the Kfl shares are doing poor that they are scraping profits while they can.
Sounds like FF has been selling down over the last few months AB rather than just recently so had to release the notice now as they had just sold more than 1%. It suggests FF think the future is not as bright for this share as maybe something else. If the Kiwi stays high well into 2008 then it limits Rak sp appreciation imo which is currently looking not so certain hence the current sp increase.
Buying at Resistance levels?
Quote:
Originally Posted by
xxamr_corpxx
Resistance level at 530c or thereabouts. From a technical perspective, would it be a good time to increase the size of the position?
No, it wouldn't. Go back to the main technical reason for buying this stock - a breakout above previous resistance. There is no logic in buying just below resistance, at a level where there has been selling pressure in the past. You might get lucky, but why buy at a time when your chances of success are statistically lower? Fast oscillators such as the Williams'%R shown at the top of the chart show RAK as being "Overbought" and falling - the time to buy is when such oscillators are "OverSold" and rising.
The usual approach is to buy at support, not resistance.
You Sell when support is broken and buy when resistance is broken.
Your idea of building a position by means of a series of purchases is a good one, though. A common approach is to select an appropriate number of suitable indicators and buy a parcel as each indicator triggers. The idea being that the larger the stake you want, the more indicators you would use. If you only want to make a small (single) investment, you would be looking for the general concensus of the indicators you have chosen.
Here is an expanded chart of the breakout. You can see that there were plenty of signals spread over a couple of weeks. That was the time to be adding to your stake - not now when there are no buy signals and RAK might be approaching some resistance.
http://h1.ripway.com/Phaedrus/RAK1027.gif
The writing was on the wall folks
the signs were all there.......... read Phaedrus' last comment.
if yuo are still holding you had no exit strategy
Quote:
Originally Posted by
Footsie
get what
its trading on a massive p/e and sure growth is good, but not that good.
plenty of other tech coy's out there cheaper than RAK
i like RAK, and one day it may well be $10
but right now its expensive
Quote:
Originally Posted by
Phaedrus
Forbarr recommend that RAK investors reduce their holding. Here are 10 reasons why such advice should be studiously ignored :-
http://h1.ripway.com/Phaedrus/RAK522002.gif
Rakon is in a steady uptrend - an uptrend that shows no hint, no sign whatsoever of any weakening. All of the indicators plotted here are very positive and all lie well clear of current price action. Make no mistake though - this uptrend
will end. They all do. Holders should have some sort of exit strategy in place. Without a written selling plan you are blindly holding and hoping, vulnerable to any reversal and the misguided advice of others.
You are on a rocketship but this does not mean that you are going to the moon. You're not. Uptrends can last for years, but they ALL end.