Forum Archive Index - March 2000

["David Thompson" <dvd_tpn@hotmail.com>]

Tony,
I guess Frank has probably called it a night and I will take it upon myself 
to comment on the recent interest in BRY. I don't what type of weekly or 
daily "charts" you log but I keep a record of ALL the transactions made 
daily on any stock that I am tracking and there has definitely been some big 
buys of BRY in the past few days. But then the translation of charts, 
figures, stats can all be subjective to one's opinion and interpretation. 
Time and time again, I read in Sharechat about chartists predicting what 
will go up and down because of patterns in the past, and if they are 
successful, good on them.  As for me, I believe in understanding the psyche 
of investors, and determine how they would react to a particular 
announcement. At the end of the day, this works best for me although it may 
not be scientific enough for some. In the case of Brierley, I believe that 
BRY has sentimental support out there, and an announcement of excellent 
results coupled with the promise of better things to come in the future will 
influence the average investor one way or another. You may beg to differ but 
then this is what makes the sharemarket so interesting and invigorating. 
Let's leave it to the market to decide over the next few days.
Have a good night.

David
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