Forum Archive Index - May 2002

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi Gerry,
 

>
>
> AUO-
> Quite remarkable, the enormous discussion still going
>  on about the AUO chart!
>
> 

I appreciate you are a self proclaimed 'stock picker' Gerry.  
However, I don't think you should narrow yourself to the view that 
this discussion was about AUO.   Sure, AUO was the specific example 
that got my attention but this 'lots of extra capital suddenly coming 
into a company' issue that has been burning a hole in my brain for 
several months, before I came out last weekend with a solution I was 
happy with.  It is also an issue that will raise itself again over 
the coming months.

I am sure the mooted Air New Zealand cash issue will get people 
interested as to whether buying into it will be an attractive entry 
point.  I would guess traders will be looking at medium and long term 
trends to determine suitable entry and exit points.  I don't think 
they'll get that by looking at the dare eod closing figures on 
record.

Then there is the case of Baycorp Advantage.  There has been 
discussion on the forum about the price falling and whether the 
current price reflects a suitable entry point.  What chart would you 
look back on when making your decision?  Baycorp or Data Advantage?   
Perhaps you look at both separately?  Or perhaps my solution which is 
looking at a combined chart based on both previous charts is the way 
to go?

It was a cold wet weekend, so was probably a good time to sit in 
front of the computer and thrash some of these ideas out. 

SNOOPY



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