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[sharechat] Frucor


From: "Philip Robinson" <robph639@student.otago.ac.nz>
Date: Wed, 30 May 2001 10:59:10 +1200


Phaedrus,
 
My post was meant in no way to be sarcastic, although you rightly pick that I am sceptical about charting. I simply wanted to know whether you could have predicted the rise with your methods. I do note that they said the rise started because a big seller had stopped selling, can you pick up any clues from things like volume of this occurrence?
 
Just like in medicine ignorance breeds descent or whatever the saying goes so there is never a time to turn one's back on a different theory or hypothesis...but I draw the line at homeopathy.
 
And swlee on the same reasoning whenever a share drops below its intrinsic value then one should buy it would seem, irrelevant of the trend because by definition you are winning.
 
Just my thoughts
Cheers
 
Phil

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