Forum Archive Index - July 2001

["Peter" <pmaiden@xtra.co.nz>]

Joe asked - Why its(CAH)share price still going up?

 

I know you asked with tongue in cheek but many reasons for the CAH rise today -

 

• the efficient market that knows everything that is going on says that many favourable things have come to light today and that CAH is worth more today than it was yesterday. What are those favourable things I wonder?                                                                                                                                                                               
• the market is irrational
• maybe the majority think that CAH can only do good in the future and prospective takeovers or buying the CNIFP assets will take place
• maybe the charts said the price had to go up. The CAH price did move above the 30 day moving average the other day so maybe it got excited and thought it had better continue it's rise.
• maybe the chart said let's have a bit off fun and test the resistance of the downtrend that started at the middle of March when the price reached the low 190's. It did just that today - but failed to breach it.
• maybe I have a loyal group of supporters who sell when I talk up a stock and buy when I talk down a stock
• maybe it was just one of those days

And tomorrow is another day - lets see what happens

 

Cheers

 

Peter

 

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