Forum Archive Index - September 2002

[Holden Glova <dsafari@paradise.net.nz>]

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As a recent newcommer to the whole sharemarket industry I thank you for 
pointing out these two companies. I am trying to learn how to read charts so 
I will add these to my daily watch list and see if I can spot a trend. Over 
the weekend I had thought that as I learn more this week I will take a 
company from my watched list try and TA it. I would like to post my thoughts 
in hopes of people either getting benefits from it, or from people correcting 
false assumptions that I may make. I would very much like to be a part of a 
"Study Stock" section and am sure it would go a long way to wards both 
educating me and possibly even helping me make a good investment or two :)

On Tue, 03 Sep 2002 05:48, Nick McCaw wrote:
> Greetings all,
> Things look a little messy in the US for the week(s) ahead. It seems
> that there are some short term opportunities in the gold stocks again.
> The likes of LHG have consolidated and look set to move up again.
>
> Waiting for LHG to trade above $1.25 would be a good move before
> considering an entry. You could use the same level as your stop loss
> after buying. Not a long term option as these guys have some long term
> production obstacles.
>
> Another one to watch is PEM, these guys have recently acquired a
> silver-zinc-lead property that will immediately produce. I think the
> market is slowly reconsidering the future of this company in light of
> its new direction.
>
> As you can tell, my focus has been learning about mining and mining
> companies lately. I can confirm that mining is possibly the worst
> business on earth to be in, and mining stocks are not good long term
> investments. They are however, very cyclical and reasonably predictable.
> Superb vehicles for speculation and short term profits.
>
> The quality of posting has exceeded the quantity lately. Has this been
> because no one is interested, or does everyone have their head firmly in
> the sand. Would anyone be interested in the formation of a “STUDY STOCK”
> section of this site. I am sure that GO Learn Shares and ShareChat could
> make this happen. Perhaps we could choose a few stocks to update each
> day. Focus on achievable strategies and encourage some more education.
>
> What would everybody like to learn more about?
>
> Regards
> Nick McCaw

- -- 
Signed,
Holden Glova

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