Forum Archive Index - January 2002

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

Gentlemen
I neglected to mention the trade in STU resulted in a profit of 44% over a
53 day period, or the equivalent of 309% annualised.
Andrew Cottingham
And PS - I never get bored.

----- Original Message -----
From: andrew cottingham <arco@adinfinitum.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, January 03, 2002 9:51 AM
Subject: Re: [sharechat] any bored chartists?


> Gentlemen.
> I AM A CHARTIST, and I have been trading shares successfully on the UK, US
> and AUS markets since 1985. Quite frankly I cannot understand why
> fundamentalists insist on slagging technical analysists.We both use
> different systems to hopefully achieve the same result - a profit. Why
knock
> it - there is always more than one way to skin a cat.
> I do not want to get involved in a long debate on who's right and who's
> wrong, because no one is....We both have our own way of deciding which
> shares to buy. If we are both happy with how we achieve the end result,
> thats all that matters. I am happy for others to use the fundamentalist
> route, as I have myself in the past,  however personally I have had far
more
> success with TA.
> Incidentally, on my chart, STU is looking increasingly like a buy, and I
> have attached a WORD Doc it so that you can see the indicators. As usual -
> always place a stop (around $2.35). Nothing in share trading is ever
> guaranteed - even fundamentalism.
> Andrew Cottingham
> PS. STU is hard to chart because of low volume. Charting low volume stocks
> is not easy, which is the main reason I rarely trade the NZ market.
> Disc - don't own STU.
>
>
> ----- Original Message -----
> From: hugh webber <hugh.webber@clear.net.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Thursday, January 03, 2002 8:59 AM
> Subject: Re: [sharechat] any bored chartists?
>
>
> > I think Geoff and Chris have hit the nail on the head and Geoff's
> discussion on the fundamental
> > factors that influence STU's value (which may go in a different
direction
> from its price - but not
> > in the long term) is particularly good.
> > Take NZR which I used to hold a substantial amount of.....they now
provide
> a two monthly report to
> > the market, the last one said that a substantial portion of Marsden Pt
> will be shut down over the
> > summer affecting profitability.
> > Because of their complicated output pricing arrangement they are not
> really a New Zealand share.
> > The refining margin is set by reference to refining margins in East Asia
> which are totally volatile
> > and very competitive with an excess of capacity. This also means that
> unlike an NZ company you are
> > at the mercy of overseas exchange fluctuations as well.
> > However apparently the horoscope charts say that NZR is on an uptrend
and
> therefore a momentum buy.
> > It reports about 22 February and the market seems to be speculating it
> will again pay a $2 fully
> > imputed dividend. I hope they are right for their own sakes, my own
> requirements are for more sober
> > analysis and reliability.
> > The international situation is of recession and falling oil demand. The
> historical data for NZR
> > shows incredible volatility over the years down to some very low lows.
> > Maybe its an alternative to a bungy jump but good luck from here on in,
> chaps.
> >
> >
> >
>
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>
>


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