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From: | "Phil Eriksen" <phil@acepay.co.nz> |
Date: | Sat, 23 Jun 2001 20:57:34 +1200 |
Hi all,
I wonder if one of the resident chartists would
be willing to give a view on the above ASX-listed stock, based purely on the
chart? I've been following the discussions on the use of charts with
interest, and while I prefer to be buying a "company" rather than a
"good chart" I can definitely see how they can be useful in timing an
entry, whatever your investment style.
The above company is both small, and traded in
small volumes, often fairly infrequently. Am I right in assuming this
limits the value of charts? (I certainly wouldn't imagine a "trader"
would touch such a share).
Would appreciate any opinions the forum has
(about the chart only ; have no interest in discussing the fundamentals of a
small, illiquid, aussie share on this NZ forum!).
Cheers,
Phil
Disc : Hold WAT, planning on "averaging up"
shortly
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