Fln Angl Hy Cp Discussion Threads

[rjmahan] 06/5/2002 23:00

Stealth would you mention some of these stocks ?

How do you guys search for shares? Any hints as to method ?

[rjmahan] 06/5/2002 15:29

Melfaraj - I will read the master swing trader when I get a chance....

Thanks for your suggestion

Good hunting,
Rob

[melfaraj] 06/5/2002 14:51

ald & mrw, from the well to do food sector

[mr ashley james] 06/5/2002 14:15

Ape,

Did you listen to CNBC interview and reports on WB BH Convention and discussion on terrorism insurance in Omaha?

Cheers

Ashley

[backwardation] 06/5/2002 11:29

Professional Investors have throughly enjoyed tonight's A.J. P@ss T@ke....Ooh what great fun we're all having !

[theape] 06/5/2002 11:27

I refer to post 213 and provide an updated graph from big bear on most things,

[kenbachelor] 06/5/2002 07:45

STEALTH117 - I think you will find that the word shouldn't be 200 'day' MA. It should be 200 'period' MA ie. the last 200 'trading' days.

[stealth117] 06/5/2002 01:30

After trawling thru all the FTSE 250 stocks I have found 40 shares that I would consider further investigation. I use initially 200 and 3 week moving average (although I enter 140 and 15 - business days no doubt) - am I right in assuming when people talk of 200 day m.a they mean in straight time ?

What I look for is the shareprice breaking thru the 200 and then bouncing up off the 3 week. You'd be surprised how many shares have now entered this scenario. The problem is, being partly a macro man too, that if the general index is to fall, the chart may not matter.

An even better chart pattern is if the breakout occurs after a triangular pattern that narrows to a point.

[rjmahan] 05/5/2002 20:25

melfaraj I dont know what Fibonnacci retracement is or how to apply it - any pointers ?(I am currently reading Elliot + Prechter)...

Cant see much between CDB and Lookers - any tips as to the difference...

[nigelsom] 05/5/2002 17:20

rjmahan: Yes, £9 would appear somewhat optomistic! I would think that the best plan is to keep an eye on them in case the rally runs out of steam, and wait for the next results. I guess that TA is there as a tool and not a rule. Some consideration of fundamentals is important too. In the meantime I await Tuesday's surge with baited breath, LOL!

[melfaraj] 05/5/2002 16:53

the chemicals sector is enjoying good performance. here is a couple:
crda & dys

[melfaraj] 05/5/2002 14:58

rjmahan, in the case of mcty you do have support at higher levels. use fib. retracement.

for car dealership, you could do worse than choosing 'lookers'

[mr ashley james] 05/5/2002 14:35

Rjamahan,

I think you are utterly wrong for the following reasons:-

WUN has always broken out on a convergence of the chart, 2 day, 3 day, 5 day and 8 day moving averages, it has already broken before it gets to 13 days, the trigger is eight day MA crossover every time. This probably follows the set 5 wave, 3 Wave Eliott Wave sequence (5+3=8)

The buy trigger is IMHO immediately the mid exceeds 76p to 76.50p mid, ie the peak on Wave 5 up before corrective ABC sequence dropping to 75p, target is a mear 1p to 1.50p above the current 75p mid.

Here is the chart check it yourself:-



Anyway rightly or wrongly I am intending to top up at 8.00am on Tuesday

Best regards

Ashley

[rjmahan] 05/5/2002 12:42

CDB are a vauxhall dealership in the NE...
£9 for CDB - a P/E of c30 ? ? ?

Somehow methinks not

Problem with CDB is that there are no current signs of movement - static for the last 5 days...

Its uptrend seems to be a number of static days followed by a gap up - static days / gap up

In the past 15th Feb - 18th March - 31 days till the next rally
19th Mar - 12th April 17 (market) days
ratio of 0.548

0.548 * 17 = 9 - add 9 days to the last period of movement and you get the result that the next rally will occur on Tuesday.

I am not entirely convinced by this but it will be something interesting to watch.

[nigelsom] 05/5/2002 09:53

Cheers djalan & fingers. The PLI chart looks pretty similar, and has the added benefit of being a real stock rather than a warrant, but I prefer tha geared play in this case. Any ideas on an upside target?

With CDB the price has been shooting up for a while now, doubling from the sept low to the current 337. I read one thread suggesting a £9 target (!) on a TA view. Things seem to be going well for them (they sell vehicles and are buying a smaller competitor) but is it really that good?

[mr ashley james] 05/5/2002 01:11

Fingers xxD,

Not a ramp, but if you think about it, if as and when WUN breaks through 76p to 76.50p, possibly Tuesday/Wednesday, it will in view 8 day MA crossover run on a 12345 Eliott Wave Break, first stop IMHO 80.50p, next 96p, support above 94p for wave 5 through 100p to touch 124p.

ABC support off a pound then run to 138p or above on 12345 support 120p resistance 140p to 150p sequence, IMHO dull dreary predictable.

Please find the holes in concept I am considering increasing stake by 33.33% on Tuesday, my stake is big enough already so looking for people to talk me out of it before I bet the farm!

Cheers

Ashley

PS Don't be offended if I do it anyway!

[fingers xxd] 05/5/2002 00:29

I've certainly picked up some interesting stocks on this thread which I am closely monitoring with a view to buying in at the right time.

Well done Nigel, PLIW looks like another addition worth monitoring. Not one that I would have easily found. Keep posting everyone.

[melfaraj] 04/5/2002 23:08

rjmahan,
timing a sell is more difficult than timing a buy there are many ways to do it, i outline a few below:

- certainl imo the most reliable and best method is to set your sell level at, or just below, support levels.
- follow indicators of volume..etc as you stated, but also include oscillator and indicator crossovers and change of direction. also crossovers of moving averages.
- set an arbitrary percentage level.
- there is a saying 'buy on rumours sell on news'. often the breaking of good news has the adverse effect of causing the stock price to dive! this is because the price had included the allowance for the good news.
- buy/sell on directors share dealing buy/sell news.
- effect of interest rates, especially on those sectors highly sensitve to interest rate changes such as banks, construction.

[nigelsom] 04/5/2002 17:30

Not worked out how to post a chart, but pliw has been shooting up for a while now. Any html wizz's out there to oblige? Also cdb.

Cheers all. Nigel.

[rjmahan] 04/5/2002 17:21

Melfaraj - thanks for the reply, I agree the best thing to do is to set your sell just below a support level.

BUT if you are trading a technical breakout - support could likely eliminate your gains.

With MCTY the support is at 310 while the share is now at c350.

I could have waited for a downturn in indicators - I will keep watching and then observe the optimal reponse for next time.

With NSR - the directors have been buying which is surely a good thing but on a forward P/E of 22 how far can this go ? I will definitely be watching and do further research.

[melfaraj] 04/5/2002 12:33

nsr, in the right 'health'sector too. at 615p it has broken decisively through a well established line of resistance, but there is another resistance, perhaps a lesser one, at 620p. if the latter is broken, then the road becomes clear all the way to just under 700p level of over 2 years ago, which may not represent that degree of resistance.