Forum Archive Index - January 2002

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

I quite agree Glen. We certainly need more discussion re ASX shares to stimulate debate on this forum.

Re MCR. For interested parties, turnover on Friday was 4.64 million shares against a 500 day average of 530,000. Price finished up 13% at 21.5c from 19c. 

Candle - white shaven head and bottom (Marabozu). "Considered  very bullish" - (Quote - Louise Bedford).

Pattern formation - "Upside breakout from a rectangle formation which has a low failure rate of 2% and an average rise of 52% with a most likely rise of between 20 and 30%" -  (Quote from Thomas Bulkowski - Encyclopedia of Chart Patterns).

Andrew

Disc - hold MCR.

 

----- Original Message -----

From: Glen Whiteman

To: sharechat@sharechat.co.nz

Sent: Friday, January 04, 2002 9:34 PM

Subject: Re: Re: [sharechat] MCR.ax

This used to be a great chatsite, I just check in occasionally now. I stopped trading NZ shares some 6 odd months back, switching solely to the ASX.

I for one, would like to see more discussion of ASX shares on this site, to add a NZ view to my trading decisions.

p.s. MCR certainly did have a nice move today. Against my better judgement I put in a sell order at 21.5c, didn't get hit, so we will see what happens next week.

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Glen Whiteman
Quality Resources
C/- Shell Vincent Street
109 Vincent Street
Howick
AUCKLAND
Ph: 09 535 5220
Fax: 09 535 3667
Mob: 021 707 250
e-mail: glen@qualityresources.co.nz
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