Forum Archive Index - March 2002

["Mr Nua" <mr_nua@hotmail.com>]

Hi Ichi,

We are using different methods to make money. This is true. However, your comments below, do not do justice to technical analysis. Traders will not "start dumping" their shares, 10 days after a channel break. Traders should be out, and looking for the share to present an opportunity to perhaps profit again. Traders using trend lines to trade TEL should have been out around $5.30 on the 8th of Feb (almost a week before I).

You will not find these people offering you shares almost 20 days later. Those offering shares are not likely to be traders, they are not likely to be individual fundamental investors either. They are more likely to be fund managers, or the like, slowly reducing a position or (more probably) people who have never set eyes on a forum like this and have no particular strategy.

>I wasn't scoffing.  I was just expressing my enthusiasm
>for the idea that he and other traders would start dumping
>TEL and thereby push the price down even further.