Forum Archive Index - July 2000

["Mark Hubbard" <mhubbard@es.co.nz>]

Thanks for below Rini - I shall probably look to purchase my next block
tomorrow, as I only see upside now coming up to company's reporting date in
mid August.

However, how do you get 10 levels of depth - I only get 5 levels, online,
through Access.

Regards


> 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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