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Forum Archive Index - September 2002

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


From: Holden Glova <dsafari@paradise.net.nz>
Date: Sat, 21 Sep 2002 11:35:40 +1200


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On Thu, 19 Sep 2002 11:24, Harold J Skinner wrote:
> 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)

Hi folks,

A while ago, Nick suggested that we do littel "study stocks" to help 
disseminate the vast trading knowledge present in this list. I see he has 
opened up LHG as a study stock, I would like to contribute to this post later 
today/tonight, but I also thought that this might be a good one to examine 
from a fundamental POV. The reason I wanted to examine this closer was 
because it is claimed he is a fundamentalist and is rarely wrong. I wonder 
what catches his eye. I will look into this later today/tonight as well and 
present my thoughts/findings along with LHG.

Great resource this list - thanks to all for insightful information.

- -- 
Signed,
Holden Glova
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