Forum Archive Index - July 2000

["Rini H" <the4rs@ihug.co.nz>]

Hi Mark,
Until yesterday (12/7/00) BRZ seemed to shy away, reaching 2.35 but closing
lower at 2.30 (4 cents higher than the day before11/7/2000).
The latest chart (12/7/2000) showed positive momentum, although the fast
moving average hasn't crossed over the fast average to confirm an upturn.
The price was still in the oversold area.

Yes Mark, it was really interesting to see BRZ today, open at 2.317 and
close at the highest point 2.42.
This long bright candle could confirm an upward reversal.
I can only get access to today's chart by tomorrow morning (I'll try to dash
into the computer before I rush to work).
This will give you a picture what might happen tomorrow, the 10 layer market
depth showed 19 buyers (price range 2.38 - 2.37.......2.26 with 6 buyers at
2.30 - this might be the lowest price tomorrow????) and 10 sellers (price
range 2.42-2.45-2.47-2.49.....2.76)
1 buyer at the top of the que bid for 2.38 and 1 seller ask for 2.42.
A few scenarios for you:
1) You might be looking to enter BRZ at 2.39 to make sure you're at the top
of the que.
2) Wait until price reach the lower support level at 2.30 ????
3) Buy straight at 2.42 to secure your purchase from what is offered by the
top seller (once this 2.42 is taken, then the next price will quickly jump
to 2.45, 2.47etc). You might have missed out if you are queing at 2.30

Happy trading Mark, whatever happen tomorrow, buy at your own risk....
Good luck,
Rini


----- Original Message -----
From: Mark Hubbard <mhubbard@es.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, 13 July 2000 12:50
Subject: [sharechat] Toni and Rini - BRZ


> BRZ starting to look real interesting. I might have blown my chance to get
> in much cheaper than my first batch.
>
> On another tack, however, the Japanese sharemarket continues to be a grave
> yard for my money.
>
>
> --------------------------------------------------------------------------
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