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Re: [sharechat] CLI THIS TIME

From: "andrew cottingham" <>
Date: Wed, 23 Jan 2002 11:29:43 +1300

Hi Nick
Thanks for pointing out CLI.
Yes I would agree - long consolidation pattern from late October. Many signals indicate a strong buy. Looking very good - price resistance at 3.45 and 3.53. Conservatives could wait to buy if price hits $3.54.  I can post a ATR stop tonight for any interested parties. As usual - no promises.
Please Note:
All share trading involves risk and nothing in this e-mail is to be
construed as an invitation or recommendation to trade or invest in CLI.

----- Original Message -----
From: Nick McCaw
Sent: Wednesday, January 23, 2002 9:24 AM
Subject: [sharechat] CLI THIS TIME

Morning everyone,
Challenger has been sitting in our watchlist since we last sold it on 17-12-01.
We bought it again yesterday with the intention of actually making a profit this time. Everything looks ok and a good move yesterday on increased volume is promising.
There is substantial resistance between $3.45 and $3.50 so people might want to wait for a move above $3.50.
Stops set around $3.30 but not in the market today. A good looking trade.
Regards  Nick M.


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