Forum Archive Index - September 2002

["Nick Kearney" <nickk@quicksilver.net.nz>]

It might be one signal.  Depending on your profile.  I prefer MACD and
oscillators.

I am a TA novice.  Maybe Phaedrus or Nick McCaw can assist?

Nk
----- Original Message -----
From: "John Wedde" <John.Wedde@weltec.ac.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, September 10, 2002 9:13 AM
Subject: [sharechat] Canbet


> Hi Nick
>
> Canbet's latest year [to June 2002] saw them profitable, I believe for
> the first time.
> Their revenue was up a massive 445% to $11.6 million and EPS is 1 cent
> putting them on a historical PE ratio of around 9.
>
> People will always gamble. Even when times are tough there is some
> suggestion that people gamble more!  The Internet is surely the perfect
> medium for gambling. I also follow EBet but don't hold at present.
>
> To me charts are a "backup" to my more fundamental, with contrarian
> flavour, approach. Correct me if I'm wrong, but looking at the chart for
> Canbet, while they have been crabbing sidewards for some months, the
> daily price seems recently to have moved above both the 30 and 100 day
> Moving Averages. Is this not a TA buy signal?
>
> Cheers,
> John
>
> Cheers,
> John
>
> >>> nickk@quicksilver.net.nz Monday, 9 September 2002 8:30:53 p.m. >>>
> John
>
> I would hate to bring up the pennies again.  And I won't.  I did
> however
> have a look at CBT a few months ago and at that time it needed to
> close
> above 12.5 for me to enter.  It didn't and I see it has drifted back to
> 9c
> although I do agree that there is potential here.  I just haven't had
> another decent look at it but I believe it has massive upside
> potential
> eventually.
>
> Can you convince me it is now?
>
> Nk
> ----- Original Message -----
> From: "John Wedde" <John.Wedde@weltec.ac.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Monday, September 09, 2002 10:42 AM
> Subject: [sharechat] Re: old wounds?
>
>
> > Hi Nick
> > Are we really talking again on this forum about penny dreadfuls?
> > I thought perhaps I'd never see the day again!!
> >
> > Why don't you check out another SKC company, Canbet [ticker CBT on
> the
> > ASX]. This could be a goodie. Let me know what you think.
> >
> > Cheers,
> > John
> >
> > >>> nickk@quicksilver.net.nz Monday, 9 September 2002 8:42:45 a.m.
> >>>
> > Try ASX first.........there are ample to use TA there without going
> to
> >
> > USA...good practice..........BUT>>>I would suggest paper trading
> first
> >
> > (imaginary trading)and the way the markets and the world are right
> now
> > I
> > suggest watching it very closely and go short if you can.....
> >
> > others might have some suggestions.......don't use more than 10% of
> > your
> > capital in any one trade.....set stop losses AND USE THEM!!!!..
> >
> > Finally....good luck....you'll need some of that..
> >
> > For others reading.......does anyone have any
> thoughts/ideas/comments
> > on
> > FOR.......I think this is the best penny dreadful around....written
> off
> > its
> > debt in Argentina.....has the $$$$$$ of SKC behind it........people
> > like the
> > movies more and more.............tourists flocking to Akld for next
> 6
> > months.....I like this stocks penny price..........any thoughts?????
> >
> > Cheers
> >
> > Nk
> >
> >
> > Holden Glova writes:
> >
> > > -----BEGIN PGP SIGNED MESSAGE-----
> > > Hash: SHA1
> > >
> > > Hi all,
> > >
> > > First off - thank you very much to SNOOPY for helping me learn
> > something about
> > > what sort of questions and to ask for when initiating a
> fundamental
> > search
> > > for value in a company. I really appreciate you taking the time.
> > >
> > > I recently subscribed to this http://www.stockfetcher.com thing
> and
> > have found
> > > it quite a good tool! At least I could see it's uses if you were a
> TA
> > trader.
> > > Something that hasn't felt right to me with looking for value in a
> > company is
> > > that how long must you wait for value to be realized? The answer
> is
> > probably
> > > until the market realizes it! This uncertainty sits uneasy with me
> -
> > the
> > > investment just feels a bit to uncertain.
> > >
> > > I don't want to stir up any old wounds between TA vs. fundamentals
> so
> > please
> > > don't think that is my intent. I'm only expressing what has
> initially
> > struck
> > > me odd about the fundamental approach.
> > >
> > > Haveing found a cool tool like the website above I will re-iterate
> > that I
> > > think the US market is better suited to a TA approach. It seems
> there
> > is much
> > > larger increase/decrease in price on a single day. My question is
> do
> > you
> > > think it is silly to experiment with a TA approach in the US
> market
> > on stock
> > > ranging from $1-5? I must admit, I really want to give this a try
> -
> > but at
> > > the same time I am a tad bit afraid to lose my money :)
> > >
> > > Also, on a separate note, I generally save about $1000/month and
> have
> > 2 months
> > > worth saved up, is that enough to invest at once? Should I split
> this
> > amount?
> > > Keeping in mind that each month will be another $1000 to invest
> > somewhere
> > > else.
> > >
> > > Many thanks for any insights provided.
> > >
> > > - --
> > > Signed,
> > > Holden Glova
> > > -----BEGIN PGP SIGNATURE-----
> > > Version: GnuPG v1.0.7 (GNU/Linux)
> > >
> > > iD8DBQE9exjb0X8w8X71zPcRApUuAJ40GpOHooJL32eopNxF1Zeueq+DAgCfdnJ7
> > > nTMXH1RtSFUHyo5FlYnEXYU=
> > > =d/To
> > > -----END PGP SIGNATURE-----
> > >
> > >
> > >
> >
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