Carillion Share Discussion Threads

[rcturner2] 26/6/2017 19:34

The same applies to charts. Certain specific features of a chart will mean that a rise is more likely, or a fall is more likely, depending upon the feature.

[jaf1948] 26/6/2017 19:02

That is not charting - that is common sense.

[rcturner2] 26/6/2017 18:28

JAF, what is important is what factors give predictive power greater than random numbers? For example, companies with a yield over 10% will cut their dividend more than those with a yield under 10%. It doesn't tell you what will happen, but it is not random noise.

[jaf1948] 26/6/2017 17:21

Over a period of months, many groups of buyers and sellers decide to make various buys or sells depending on a myriad of different reasons and the prevailing economic conditions.

There is no logic that states that what will happen over the next few months with a different (or the same) groups of buyers and sellers will be that they will make the same decisions.

Do I know best ? I know not to rely on pseudo-science for investment decisions. Do I understand 'decades of stock market theory' ? Actually, yes, having a degree in mathematical economics. There is nothing that charting has achieved that cannot be explained by elementary statistical theory and random numbers.

But if you enjoy it, keep using it.

[wallywoo] 26/6/2017 17:09

Sure jaff discount decades of stock market theory as tea leaves. You know best

[jaf1948] 26/6/2017 16:43

Charting has the same predictive powers as tea-leaves. It may tell you what has happened before dressed up in fancy jargon, but you can get the same information looking at a graph or the numbers themselves.

So telling me that there has been a Double bottom reversal with a triple Lutz followed by a double Axel is of no value whatsoever (or am I confusing that with Ice Dancing).

[wallywoo] 26/6/2017 14:50

Double bottom reversal not looking so good now, think it is much less likely. Short % has increased too. NO buy signal here yet.

[kcsham] 25/6/2017 19:58

11_percent - Thanks for providing the link to Finger's page. The charts and comments make an interesting reading. Keep up your hard/good work rather be a pain in the back ........K C

[kcsham] 25/6/2017 19:29

11_percent - In your opinion, is the share price going up or or going down? If the share price goes very low, I will see my money disappears. However, if the share price goes up, something like back up to 300 some day in the future, the reward of my investment will be reasonable. If the latter happens, I promise you I will buy you a kilt as a present. Then you can wear it either you are a d_ck or a c_nt. K C

[kcsham] 25/6/2017 18:06

edmundshaw - Sorry and thanks for your reminder. I should qualify my comments with IMHO.Hope that satisfies you.K C

[kcsham] 25/6/2017 17:42

That is how to catch a fish, a stupid fish.K C

[kcsham] 25/6/2017 17:40

........mental disability.

[kcsham] 25/6/2017 17:39

Oxford Dictionary of English:ineducable - ADJECTIVE considered incapable of being educated, especially (formerly) as a result of metal disability.K C

[kcsham] 25/6/2017 17:35

Oxford dictionary of English - ineducable ADJECTIVE

[nomdeplume] 25/6/2017 17:35

11_percent : That's why I raised the question, who was selling?

As I said, "A takeover is not in the shorters interest. Any hint of a takeover would suggest that the shorters would close their short."

[rcturner2] 25/6/2017 16:32

"No point to point out his mistake and provide an uneducable any free education."

comedy gold

[11_percent] 25/6/2017 14:38

kcsham
25 Jun '17 - 11:26 - 4990 of 4992    0   0
11_percent - "200p is the pivot point on the TA charts." Since the shorters is scalping for profit on a daily basis, I will no longer rely on charts..

-----

Have a look at post 699, the long term chart.

[yump] 25/6/2017 14:18

I automatically take a contrarian view from a fully qualified accountant, when it comes to investing, so its nice to know when there is one around.

I once took a few balance sheets and accounts of potential investments to a highly qualified accountant to see what problems he could dig up. They all had problems which were a 'worry'. Two of them made me a small fortune when they grew very quickly. (The growth was the main worry - receivables, cash flow etc. etc.)

Some time shortly after that (which was in the 70's), I discovered the horrifying truth that investing is mainly about sentiment and identifying when it has run its course and is likely to change.

[edmundshaw] 25/6/2017 12:20

Why do you say shorters is scalping for profit on a daily basis? Where do you get that information?

[kcsham] 25/6/2017 11:26

11_percent - "200p is the pivot point on the TA charts." Since the shorters is scalping for profit on a daily basis, I will no longer rely on charts to predict the direction of this share for a period over couple of days. Forget about using 200 day MA, that is laughable. When that turns up trend, the profit I made on this share may long be spent."However, the Hedggies are not stupid......this may be a ploy to get peeps buying while the Heddiges sell, and take us down to 180 short style." I agreed with you that your suspicion has its foundation, I will only buy when the share price has fallen substantially without a good reason or with my own reason like few days ago. Even then I am not looking for taking instant profit.11_percent - be patience! Even there is no guarantee for a profit, it is a matter of probability.K C

[11_percent] 25/6/2017 10:50

200p is the pivot point on the TA charts.

I thought the battle for 200 was over when we were heading for 190.,.,.,.,.,but maybe not.

However, the Hedggies are not stupid......this may be a ploy to get peeps buying while the Heddiges sell, and take us down to 180 short style.

[kcsham] 25/6/2017 10:47

11_percent - I don't believe he would keep his employment very long based on his knowledge and I am sure!No point to point out his mistake and provide an uneducable any free education.K C