Forum Archive Index - September 2002

["John Wedde" <John.Wedde@weltec.ac.nz>]

Hi Nick

Canbet's latest year [to June 2002] saw them profitable, I believe for
the first time.
Their revenue was up a massive 445% to $11.6 million and EPS is 1 cent
putting them on a historical PE ratio of around 9.

People will always gamble. Even when times are tough there is some
suggestion that people gamble more!  The Internet is surely the perfect
medium for gambling. I also follow EBet but don't hold at present.

To me charts are a "backup" to my more fundamental, with contrarian
flavour, approach. Correct me if I'm wrong, but looking at the chart for
Canbet, while they have been crabbing sidewards for some months, the
daily price seems recently to have moved above both the 30 and 100 day
Moving Averages. Is this not a TA buy signal?

Cheers,
John

Cheers,
John  

>>> nickk@quicksilver.net.nz Monday, 9 September 2002 8:30:53 p.m. >>>
John

I would hate to bring up the pennies again.  And I won't.  I did
however
have a look at CBT a few months ago and at that time it needed to
close
above 12.5 for me to enter.  It didn't and I see it has drifted back to
9c
although I do agree that there is potential here.  I just haven't had
another decent look at it but I believe it has massive upside
potential
eventually.

Can you convince me it is now?

Nk
----- Original Message -----
From: "John Wedde" <John.Wedde@weltec.ac.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, September 09, 2002 10:42 AM
Subject: [sharechat] Re: old wounds?


> Hi Nick
> Are we really talking again on this forum about penny dreadfuls?
> I thought perhaps I'd never see the day again!!
>
> Why don't you check out another SKC company, Canbet [ticker CBT on
the
> ASX]. This could be a goodie. Let me know what you think.
>
> Cheers,
> John
>
> >>> nickk@quicksilver.net.nz Monday, 9 September 2002 8:42:45 a.m.
>>>
> Try ASX first.........there are ample to use TA there without going
to
>
> USA...good practice..........BUT>>>I would suggest paper trading
first
>
> (imaginary trading)and the way the markets and the world are right
now
> I
> suggest watching it very closely and go short if you can.....
>
> others might have some suggestions.......don't use more than 10% of
> your
> capital in any one trade.....set stop losses AND USE THEM!!!!..
>
> Finally....good luck....you'll need some of that..
>
> For others reading.......does anyone have any
thoughts/ideas/comments
> on
> FOR.......I think this is the best penny dreadful around....written
off
> its
> debt in Argentina.....has the $$$$$$ of SKC behind it........people
> like the
> movies more and more.............tourists flocking to Akld for next
6
> months.....I like this stocks penny price..........any thoughts?????
>
> Cheers
>
> Nk
>
>
> Holden Glova writes:
>
> > -----BEGIN PGP SIGNED MESSAGE-----
> > Hash: SHA1
> >
> > Hi all,
> >
> > First off - thank you very much to SNOOPY for helping me learn
> something about
> > what sort of questions and to ask for when initiating a
fundamental
> search
> > for value in a company. I really appreciate you taking the time.
> >
> > I recently subscribed to this http://www.stockfetcher.com thing
and
> have found
> > it quite a good tool! At least I could see it's uses if you were a
TA
> trader.
> > Something that hasn't felt right to me with looking for value in a
> company is
> > that how long must you wait for value to be realized? The answer
is
> probably
> > until the market realizes it! This uncertainty sits uneasy with me
-
> the
> > investment just feels a bit to uncertain.
> >
> > I don't want to stir up any old wounds between TA vs. fundamentals
so
> please
> > don't think that is my intent. I'm only expressing what has
initially
> struck
> > me odd about the fundamental approach.
> >
> > Haveing found a cool tool like the website above I will re-iterate
> that I
> > think the US market is better suited to a TA approach. It seems
there
> is much
> > larger increase/decrease in price on a single day. My question is
do
> you
> > think it is silly to experiment with a TA approach in the US
market
> on stock
> > ranging from $1-5? I must admit, I really want to give this a try
-
> but at
> > the same time I am a tad bit afraid to lose my money :)
> >
> > Also, on a separate note, I generally save about $1000/month and
have
> 2 months
> > worth saved up, is that enough to invest at once? Should I split
this
> amount?
> > Keeping in mind that each month will be another $1000 to invest
> somewhere
> > else.
> >
> > Many thanks for any insights provided.
> >
> > - --
> > Signed,
> > Holden Glova
> > -----BEGIN PGP SIGNATURE-----
> > Version: GnuPG v1.0.7 (GNU/Linux)
> >
> > iD8DBQE9exjb0X8w8X71zPcRApUuAJ40GpOHooJL32eopNxF1Zeueq+DAgCfdnJ7
> > nTMXH1RtSFUHyo5FlYnEXYU=
> > =d/To
> > -----END PGP SIGNATURE-----
> >
> >
> >
>
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> >
>
>
>
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