Forum Archive Index - July 2000

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

Positive indicator. Price should move up from today.

Cheers,
Rini

Disclaimer: Trade at your own risk.
The market is not a mathematical world, where 2+2=4.
Trading is an art. The market can give you pleasant surprises and shock as
well.
Be cautious. Trade at your own risk.


----- Original Message -----
From: Mark Hubbard <mhubbard@es.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, 13 July 2000 23:28
Subject: Re: [sharechat] Toni and Rini - BRZ


> 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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> >
> >
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