Star Energy Share Discussion Threads

[robby balboa] 17/5/2006 14:09

Well done mad.

[mad4it] 17/5/2006 14:08

wal - Thanks for your reply. In that case it's just another example of the endless misundertandings the bb format creates! ;)

No hard feelings.


Robby Balboa - 17 May'06 - 14:04 - 876 of 879

Err, of course I try to follow some of the principles of THE GREATEST INVESTOR WHO EVER LIVED!

Ya cluless muppet.

[tub of lard] 17/5/2006 14:07

hows that idiot ca?

[tub of lard] 17/5/2006 14:07

hows that idiot ca?

[wal footrot] 17/5/2006 14:07

yeah righto todger, and thats why you posted me an NZD chart the other day when i asked for it eh?

LOL!

[tub of lard] 17/5/2006 14:06

hello wal tit, i still have you:

wal footrot - 17 May'06 - 14:05 - 878 of 879 (Filtered)

[wal footrot] 17/5/2006 14:06

thanks todg.

[mad4it] 17/5/2006 14:04

....and some specific thought about what may be happening with the market now, I think the 3 year market wide bull market may be over:

It'll take time for the smoke to clear and to see what the market does in the coming weeks. But I suspect a sideways trending market may be here.

But it's the fact that I've felt for a while that the market wide bull might be nearing an end that makes me nervous and I feared a brutal market wide retracement like this might confirm my thoughts, as such violent retracements at the end of a long bull run often indicate a change in the underlying market trend.

My definition of the end of the bull means we could still retest the highs, but are unlikely to convincingly make new ones (on the indices). I think shares might start fragmenting now, the stronger ones will probably be ok, the weaker ones will fail. Sectors will fragment into winners and losers. I think the oil and resource sectors may rebound and stay strong (at least inititially), due to demand, but it's hard to say for sure, as there is a delicate balance between oil/resource prices and world economic growth.

Interestingly, despite the big retracements, most of the stocks I'm following have stopped at, or bounced off the bottom trendline of their uptrend channels, indicating that any short term bounce is likely to happen now. Technical indicators are also very oversold on most stocks as well, so I've been nibbling at a few.

The strength and sustainability of bounces from these key technical levels should tell us much about the underlying sentiment now pervading in the market.

[robby balboa] 17/5/2006 14:04

And to read that you accuse 'rabbit' of being full of himself...

I consider myself to be very much like Warren

[mad4it] 17/5/2006 12:51

"or have i got it wrong again?"

Yes, you've got it wrong again.

I hope that clears things up for you.

[wal footrot] 17/5/2006 12:50

"mad4IT - 17 May'06 - 12:47 - 869 of 870


My pleasure.

Can't stay now, I'm a tad busy with THE STOCK MARKET."

LOL!

that was mad noticing that it has been him posting drivel incessantly for 48 hours, not me, and 'justifying his existence' with a quick comment about 'the stock market'

right thats enough for me chaps, im going to trade some OIL FUTURES

cheers

[wal footrot] 17/5/2006 12:48

incidentally, mad, why do you think i need to justify my existence on the bb?

given that this is the new age of the internet, surely it is a basic right for me to inhabit whatever bb i like, and argue with whichever deranged old man i like?

or have i got it wrong again?

rgds

wal (winner of the scuba doo 'most improved investor' award, 2006)

[mad4it] 17/5/2006 12:47

My pleasure.

Can't stay now, I'm a tad busy with THE STOCK MARKET.

[wal footrot] 17/5/2006 12:41

thanks mad.

[mad4it] 17/5/2006 12:34

Indeed.

Though, perhaps the time you spend picking the fluff out of your navel might be better spent trying to learn more about the market so you can become a valued member of our community and actually justify your existence on this bb.

It's just a thought.

[wal footrot] 17/5/2006 12:28

potentially, but im gaining more time to pick my toenails.

the risk/reward is clear

[mad4it] 17/5/2006 12:27

By not reading my entire posts you're missing out on a lot of "originality and tenacity".

[wal footrot] 17/5/2006 12:26

LOL!!!!!!!!!!!

i tend only to read the last line of your posts, mad.

go on, ask me why...