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Forum Archive Index - September 2002

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[sharechat] Renč Rivkin Recomended PSA oil on 2SM Sydney last night


From: "Harold J Skinner" <Petzl@spamcop.net>
Date: Thu, 19 Sep 2002 09:24:29 +1000



Just a tip to consider from the Sydney's Master of Australian shares on his
radio show last night

Believes first resistance is 90 cents 2nd resistance $1.30 (My wording not
Rivkins)
in $AU figures

They have 18 cents in cash per share
As it is an Oilstock it also has a low side of dropping to 22 cents from 30

He considers it a *semi-risky*  investment so take care and do NOT get
carried away

His wording (approximately) was along the lines of a $2000 investment
*maybe* going to $6000 then possibly to $8000 with a downside of $2000
investment falling back to $1500 on gloom news

This is a risk investment and as with *all* oil stocks event driven! If
price at any stage drops 25% consider SELLING

Example if they hit 90 cent then retrace to  68 cents SELL and so on
Do NOT get carried away on risk investments consider the downside FIRST

Renč Rivkin is a old timer with the Share Market always going to court on
accusations of insider trading
I  personally think he has a lot of jealous enemies. But many find the guy
spot on (He is a fundementalist NOT a graphist)


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