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thekiwi

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Everything posted by thekiwi

  1. thekiwi

    HDR

    Well, when I said I was expecting a move, I meant in 1-2 days time ... not actually today :-) Nice strong move today, so if trading a breakout model, today was a BUY ... with a STOP
  2. thekiwi

    HDR

    So did anyone notice if the U Seller got bought out ... or was withdrawn?
  3. thekiwi

    HDR

    From a charting POV, HDR is also looking good for a strong move soon. Such setups usually result in a move upwards associated with good volume. Weekly chart as well HDR - Weekly
  4. thekiwi

    PMP

    QUOTE you tell em kiwi nice appraisal there technically i am a fundamentalist and i am resposible for all my own mistakes. i like this one r/terrine Hi Terrine No trouble with the fundamental approach .... I guess I dont use it as I dont feel the data that is "available" can be trusted. I know I can trust the simple price/time/volume. But if I was to "invest" in a company, eg to buy it and manage it (as Buffet does), then I would certainly use Fundamental Analysis ... Good to hear tho' thatv you take responsibility for your own decisions, and I guess that was the basis of my post. We all need a plan, regardless of the approach we use, and that way we are responsible for the decisions we make ... after all its our money we are using http://www.sharescene.com/html/emoticons/rolleyes.gif
  5. thekiwi

    PMP

    QUOTE I blooming sold this last friday because UBS had put a market underperfom. I regret the move. I have no idea whether to jump in or just watch So you trade based on the fundamental assessment of a third party? Ask a couple of questions: I presume you trade/invest based on fundamentals? If so, did you BUY based on someone elses recommendation or your own assessment of PMP? Since you sold based on someone elses recommendation, I can only presume you bought based on UBS's recommendation, to be anything else would only suggest that there was no "plan" to start with You can probably see where Im going? Whether you trade fundamentals or technicals, I personally believe you need a plan and you need to stick to it. If you dont have a plan, then you trading is as much a lottery than anything else and your outcomes will vary as much as the wind changes direction. If you trade on fundamentals, then ask yourself ... "what fundamentals changed in the stock/sector/environment which made me sell"?
  6. thekiwi

    PMP

    QUOTE After market closed the stockastics are saying its in severe overbought territory. Couple of points about your post In TA, you never make BUY/SELL decision based on a single indicator, especially Stochastics. Stochastics are Momentum indicators, and therefore their use needs to be "moderated" depending on the underlying state of the stock, eg sideways trading as opposed to one in a trend. It isn't in a "severe" overbought. Currently the Stoch Oscilator is at 80, this is neither over bought or over sold. Other Momentum indicators which can also focus on "over bought and over sold", such as RSI, do not indicate over bought. RSI currently is approx 63, which is neither over bought or over sold. MACD, also a momentum indicator, crossed its signal line therefore suggesting a BUY As you will see below, just because a Stochastics Oscillator may enter an over bought region (> 80) doesn't mean to sell LONG positions or BUY short. The truth is that stocks can stay "over bought" for very long periods of time and during this time continue to track higher. Have a look at the chart with the circled sections, especially the July Aug 2003 area. THe most powerful use of Stoch. Osc. is divergance between the indicator and the underlying price.
  7. thekiwi

    PMP

    Might be time to look at this one yet again * Bullish Divergence on MACd * Directional Trend has given a BUY * Stochastic - BUY * MACd getting close to a possible BUY signal * Parabolic SAR gives a BUY I got stopped out last August in the drop, entered again in Oct, Stopped out in Jan ... and too busy to enter in April Getting ready for another bite at the cherry. Weekly Chart Daily Chart
  8. thekiwi

    SIR

    Nice move from CRS yesterday and another smal gap up on open this morning
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