Forum Archive Index - December 2001

["andrew cottingham" <arco@adinfinitum.co.nz>]

Good Morning Nick
Thanks for your input on the GPG chart. Certainly I am prepared to accept
there could be some validity to your point because gaps can always cause
resistance. However I discounted that particular one because I believed it
was caused by the WTC event, which I consider outside the purely
technical.(Panic selling, not normal movement). The black candle close of
the 10th Sept is also resting on an intermediate support line from June
2001. ($1.63) and I agree that may create some additional resistance.
Do you not consider Fridays candle closed* the gap?
Andrew
*A gap is closed when a subsequent price trend comes back and retraces the
range of the gap - Edwards/Magee - TA of Stock Trends.

----- Original Message -----
From: nick <rathel@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, December 17, 2001 6:32 AM
Subject: Re: [sharechat] GPG


>            I must disagree with one aspect of your chart. You say the next
> resistance is around 1.68, i think the next resistance is created by the
downward
> gap back in september. Downward gaps traditionally act as resistance in a
following
> uptrend.
>       Nick
>
>
> > Hi Hugh / Nick / any interested members
> > I agree there are probably more readers on this sight than posters.
However,
> > the quality of message is more important than the quantity. Some of the
> > other sites are filled with meaningless garbage.
> > Thanks Nick for mentioning GPG. For any member without charting software
I
> > have attached the GPG chart showing the stock from a technical point of
> > view. The next resistance is at $1.68 , followed by $1.79. Current break
> > from ascending triangle  through the resistance at $1.60 would have been
> > considered stronger if it had broken out earlier (75% into the
triangle).
> > However, it was interesting to see the price held above the resistance
on
> > Friday on very light volume.(139,155).
> > Andrew
> > Disc - don't hold GPG.
> >
> >
> >
> >
> > ----- Original Message -----
> > From: hugh webber <hugh.webber@clear.net.nz>
> > To: <sharechat@sharechat.co.nz>
> > Sent: Sunday, December 16, 2001 8:51 AM
> > Subject: Re: [sharechat] Briscoes
> >
> >
> > > There's a lot more readers than posters Nick. Better to have a heap of
> > intelligent readers than a
> > > bevy of momentum investment commentators.
> > > GPG is for the long term capital growth value investor who doesn't
care
> > about dividends.
> > > I care about dividends and imputation tax credits so that lets me out.
But
> > I do have a mate who has
> > > put all his investment into GPG so I'll refer it to him.
> > >
> > > cheers,
> > > Hugh
> > >
> > > ----------
> > > > From: nick <rathel@xtra.co.nz>
> > > > To: sharechat@sharechat.co.nz
> > > > Subject: Re: [sharechat] Briscoes
> > > > Date: Friday, 14 December 2001 21:27
> > > >
> > > >          Im seriously thinking its dead too. Yesterday morning i
posted
> > > > an appraisal of GPG , it went up during the day yet not one reply
> > > > was posted.
> > > >    As an experiment i posted the same message on the other channel
> > > > and it recieved around 6 or 7 replies. Many other NZ stocks were
> > > > discussed there too.
> > > >   Dont know what we can do to make this site more popular, i try
> > > > and contribute my fair share but not much response to discussion
> > > > on stocks,
> > > >
> > > >  Nick
> > > >
> > > >
> > > > > hi.
> > > > >
> > > > > this chat site is basically DEAD. today we had the only REAL IPO
of
> > the
> > > > > year, and how many posts did we have on it? not even ONE.
pathetic.
> > for
> > > > > those of you lurking readers out there, why not take the plunge
and
> > say
> > > > > something. or go over to http://www.sharetrader.co.nz where there
is
> > some
> > > > > action, at least. I used to like this site far and away, but its
like
> > a
> > > > > ghost town now. oh well....i will kick something off.
> > > > >
> > > > > I bought BGR at 1.42 today. can you all believe that $10m got
traded
> > in that
> > > > > stock alone! that is normally about 10% of the average daily NZSE
> > turnover.
> > > > > there is some interest there, thats for sure. i dont know if it
was a
> > good
> > > > > idea to buy, but what i am hoping is that in the Weekend Herald
and
> > other
> > > > > weekend papers, all the cliched mums and dads will read about how
well
> > it
> > > > > did today, and call their brokers on monday. wishful thinking
maybe,
> > but
> > > > > then again....
> > > > >
> > > > > cheers
> > > > > jared
> > > > >
> > > > > _________________________________________________________________
> > > > > Chat with friends online, try MSN Messenger:
http://messenger.msn.com
> > > > >
> > > > >
> > > >
> >
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> > >
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