Forum Archive Index - November 2002

[" Hans van der Voorn" <vandervoorn@xtra.co.nz>]

Phaedrus,

Thanks for this analysis, which is very helpful.

There have been a few bonus issues in GPG, two at one for 10 that I know of.
How do you deal with that in charts and if they were taken into
consideration, would it affect your present view much. I imagine it would
make it look better but depending on the timing I guess it's possible it
could look worse.

regards

Hans


disc, hold GPG

----- Original Message -----
From: "Phaedrus" <Phaedrus@techemail.com>
To: <Sharechat@sharechat.co.nz>
Sent: Wednesday, November 20, 2002 4:52 PM
Subject: [sharechat] GPG Chart


> Having closed above the $1.56 high of 22/10/02, GPG is now in a short,
medium and long-term uptrend. Price action has now broken above the
medium-term trendline, but is close to the long-term trendline, having
recently "respected" it. Recent support levels of $1.49 and $1.51 are quite
close, making this a low risk entry, in that your stoploss can be set quite
close to the current price. Technically, all this makes for an excellent
entry point, regardless of whether you wish to buy and hold, buy for the
longterm trend, or buy to trade the medium term trend.
>
>              Phaedrus.
>
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