Forum Archive Index - January 2002

["andrew cottingham" <arco@adinfinitum.co.nz>]

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.

Andrew

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

To: sharechat@sharechat.co.nz

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.