Forum Archive Index - May 2002

["Brian & Fiona Brakenridge" <pohuenui.island@xtra.co.nz>]

Phaedrus and Andrew C posted charts for CIL in early April (11th).

 

http://www.sharechat.co.nz/archives/2002/04/msg00079.shtml

http://www.sharechat.co.nz/archives/2002/04/msg00080.shtml

 

I've been watching them since and have made the following observations as an exercise.

 

CIL has been on a long term downtrend since Nov 00

 

CIL has been in a more medium term down trend since  from a spike of $3.30 at the beginning of March
'01, confirmed April 1 at $2.99. The price bottomed at $2.81broke through the trendline at $2.89 and confirmed a tentative uptrend with a higher low at $2.85.

CLI closed April 24 at $3.07 confirming the uptrend.

 

The price just touched 3.30 yesterday after breaking through medium down trend at $3.24 on April 29 but was off again 7 c today.

 

Am I right in saying that we need to watch to see if the price over the next few days maintains the short term up trend but more significantly will it break the longer term down trend.

 

I know Gerry did some great FA posts in Aug and Sept last year showing a company that has had significant growth in it's lifetime, has great initiatives in Europe, invests in solid property and has possibly been harshly treated by the market as a result of 9/11 and the Enron mess. Has a PE of 5 and I suspect a very low PEG. There has been interesting discussion on the other channel regarding CIL. That is why I chose this company because of the interesting TA and FA associated with it.

 

It's getting late, hope the above makes sense. It's a start.

 

Cheers

Brian