Forum Archive Index - January 2002

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

Hi Ross
CBT.ax - Canbet.
Well spotted.
Let me say straight away, until today I knew nothing about this company, but
they do have a web site http://www.canbetlimited.com.au/, and surprise,
suprise, their principle shareholder is Sky City (NZ) with 64,833,334
shares.
They boast Government Regulated  24 hour betting
US and International Odds formats
Winnings guaranteed by a public company listed on the Australian Stock
Exchange
Largest bookmaker in Australia


With these penny dreadfuls you can make a large % very quickly (and if all
goes wrong only stand to lose a small % if you have a tight stop in place).
Average 500 day volume is 846120, so currently we are seeing quite low
turnover.  There is resistance at .09 and .098. (Bear in mind during April/
May 2000 the stock was 32c). Looking at the chart there seems to be a
retracement going on after a breakout from a long consolidation period. I
believe it is possible we will see an increase in the price very soon. The
chart is showing a progressing cup and handle pattern, and once completed it
has a 90% success rate for a price rise . Presently there are a couple of
indicators I would like to see in place before jumping on board myself , but
if you are a gambler, you could get in today around 8c. (No promises).
Andrew.
Disc - not on board yet.



----- Original Message -----
From: redredwine <redredwine@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, January 14, 2002 11:33 PM
Subject: [sharechat] Gamblers, go to CBT.AX


> Is CBT in an uptrend, about doubled since mid September, any analysis for
> confirmation?  If you're looking for a penny dreadful this could be ... it
> !
>
> Gambler's motto?:  "In for a penny, in for a pound."
>
> Regards,          Ross
>
> --------------------------------------------------------------------------
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