Forum Archive Index - January 2002

[Sam and Jerry <samjer@xtra.co.nz>]

Is this Guinness Peat group you are talking about?  Those share prices seem a 
bit
high considering its exposure to the world economy.....

redredwine wrote:

> Mon 0126am
> Ladies and gentlemen, some suggestions please.
>
> GPG  C326-04  fri18/01/002
>
> on Direct Broking/GPG/Depth/Ask,   mine is the next order of 1000@325.  It
> is only there because I have alot of indicators heading south and could as
> easily be a Hold as ASBsec reckons it could be at 550 by October.  Now, I
> need to understand Depth a little better, but would also like your input.
>  My dilemma is this: should I
>
>         1   Leave the sell order there as a protect profit order and let the
> indicators go further south to buy back later, or
>         2   Pull the order off and let the next seller be at 326 and have this
> very short downturn change and move up?
>
> I can see the price is uptrending nicely and hasn't broken that yet, but
> its all about putting in a protect profit marker or riding the noise.
>
> I guess a third option will be to replace the sell order lower with a
> trigger and see if the buyers take the price up and away from here.
>
> About Depth; Can anyone read and explain what is going on with the volumes
> and prices being placed, what is likely to happen with these numbers,
> predict the future because of these low volume bids and [not terribly] high
> vol asks?  Anyone?
>
> I imagine this will be a mute point by 0900 as I will have decided..."and
> nobody ever took a loss making a profit."  Got a coin?
>
> Thank you for your consultations,
>
>         Ross
>
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