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From: | "Harold J Skinner" <Petzl@spamcop.net> |
Date: | Thu, 19 Sep 2002 09:24:29 +1000 |
Just a tip to consider from the Sydney's Master of Australian shares on his radio show last night Believes first resistance is 90 cents 2nd resistance $1.30 (My wording not Rivkins) in $AU figures They have 18 cents in cash per share As it is an Oilstock it also has a low side of dropping to 22 cents from 30 He considers it a *semi-risky* investment so take care and do NOT get carried away His wording (approximately) was along the lines of a $2000 investment *maybe* going to $6000 then possibly to $8000 with a downside of $2000 investment falling back to $1500 on gloom news This is a risk investment and as with *all* oil stocks event driven! If price at any stage drops 25% consider SELLING Example if they hit 90 cent then retrace to 68 cents SELL and so on Do NOT get carried away on risk investments consider the downside FIRST Renč Rivkin is a old timer with the Share Market always going to court on accusations of insider trading I personally think he has a lot of jealous enemies. But many find the guy spot on (He is a fundementalist NOT a graphist) ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/
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