Forum Archive Index - May 2002

["G Stolwyk" <stolwyk@wave.co.nz>]

Phaedrus and Snoopy,

 

Fortunately, I have now better Charting facilities: Phaedrus, Arco and Lippy!

 

One needs to remember that I am a longer term holder.

 

I could of course set PTD aside for tax purposes as this is what it will be in this case, Phaedrus. You are in effect trading.

 

It is a logical thing to do in PTD's case but I decided not to take that course as it would have to be the one exception to my holding strategy and the PTD component is a very minor one at that. 

 

Readers should be aware, I still hold the stock, most of it was bought @ $2.30 or $2.35 later. It is now $2.95. I am not complaining and am waiting for the market on Monday.

 

Summing up Phaedrus and Snoopy, there can be more angles to look at; in this case TA is useful for determining the Entry point. But my data show,  I already was already close to that.

 

You both know my slogan: I am only in there for the money!

 

Gerry