Forum Archive Index - January 2001

["Peter Maiden" <pmaiden@xtra.co.nz>]

Rick - great to get a good technical view of THL.

 

A chart does tell a thousand words. I'd love to have more time to do some real serious charting.

 

However I make do with my weekly close charts of the stocks I follow. Even though I have a reasonable grasp of the charting fundamentals I do tend to draw my own view of the world on the chart to see what is going on. I believe you need to visualise what the chart could like like in the future, and if other factors support that view,  run with it and have faith in your own judgement. In a round about sort of way that is formalising your investment strategy in a particular stock.

 

THL was most likely oversold after notice of the first quarter result. However that is always likely to happen when high expectations are threatened. Managing shsreholder expectations has to be one of THL's management priorities in future.

 

Great to hear from you Rick. Wouldn't mind your views on the SKY chart. Seems to be forming another sustainable upward trend and will continue to trade within a fairly well defined channel (with the upward trend) for some time. Next high about 370 at the end of March?.

 

 All good stuff

 

Peter