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     julles
Member
Username: julles
Post Number: 1637
Registered: 01-2003Rating: 
Votes: 2
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| | Saturday, February 11, 2006 - 12:05 am: |  
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This is to create a thread of honest folk, who are diligently trying to improve their skill, whether it be technical or fundamental.
It is not of a consequence, this thread is for both points of view.
Please refrain from being rude or abusive, that's all I ask.
I'll start with this stock based purely on the chart
Tell me Why you wouldn't buy it!
Tell me Why you would buy it!
Fire away!
Julles
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banksia
Member
Username: banksia
Post Number: 17
Registered: 12-2004Rating: 
Votes: 5
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| | Saturday, February 11, 2006 - 10:58 am: |
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Reasons why I wouldn’t buy IC2 Global (ICC)
1. They have never made a profit since the tech boom in 2000;
2. Their in the telecommunications sector which is out of favour and in downtrend;
3. Their turnover is currently $9k per day;
4. If I bought a swag, enough to make it worthwhile, I couldn’t get out at my stoploss because the market would dry up if the price dropped.
5. The price trend is down, down, down. The only upward trend I can see is in the last few days and that may be just noise.
6. I don’t know any reason why this company is likely to outperform the telecoms market (especially for me to take on this level of risk).
Jules, I would be interested to know what you were looking for in this trade: –
A lottery ticket? There are probably better ones around (GDY, JUM, MGX, AMU, AWE, AED, FAR, CUE, SEN….)
A technical trade – why not pick something in uptrend supported by its longer term trend and sector trend?
A fundamental trade? – why not pick a stock which is or will be turning in a profit soon?
Banksia
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Where would you prefer to be: on the ground wishing you were in the air; or in the air wishing you were on the ground? (Larry Williams)
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stickman
Member
Username: stickman
Post Number: 756
Registered: 06-2004Rating: N/A
Votes: 0
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| | Saturday, February 11, 2006 - 12:43 pm: |
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Tell me Why you wouldn't buy it!
Because it's not going up
cheers
Trade to Learn, Not to Earn.
when you lose,don't lose the lesson.
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ingot54
Member
Username: ingot54
Post Number: 1117
Registered: 05-2004Rating: N/A
Votes: 0
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| | Saturday, February 11, 2006 - 03:32 pm: |
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Banksia has said everything I would have said, and my chart says the rest. Not for me.
Keep Smiling
Trading style :CFD's predominantly. Looking for ways to enter CFD trading over long term.
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ingot54
Member
Username: ingot54
Post Number: 1118
Registered: 05-2004Rating: N/A
Votes: 0
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| | Saturday, February 11, 2006 - 03:47 pm: |
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This is a chart which might engender both Technical and Fundamental discussion.
Many are put off by the BIG share price, but it has zoomed up about 75% since 01/07/2005.
Recent corrections may have had more to do with market sentiment, than Fundamental or Technical issues.
Comments?
Keep Smiling
Trading style :CFD's predominantly. Looking for ways to enter CFD trading over long term.
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hilarius
Member
Username: hilarius
Post Number: 1620
Registered: 04-2004Rating: N/A
Votes: 0
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| | Saturday, February 11, 2006 - 03:56 pm: |
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Ingot
I did a check recently, and unless my data viewing is wrong the price improvement of three majors ranked as follows :-
(1) RIO
(2) XTA
(3) BLT
[UK Codes]
Can't remember the start point offhand but will post a chart if time allows
Cheers
Hilarius
Hilarius
I come in peace to share my thoughts and to shine my candle light on possible long term opportunities
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julles
Member
Username: julles
Post Number: 1642
Registered: 01-2003Rating: N/A
Votes: 0
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| | Monday, February 20, 2006 - 10:49 pm: |
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Simply it isn't a pick, if it were I would have put it in the asx of long term trade thread.
It was just an experiment, thanks to all who contributed.
Julles
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julles
Member
Username: julles
Post Number: 1737
Registered: 01-2003
Rating: N/A
Votes: 0
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| | Wednesday, September 20, 2006 - 11:42 pm: |
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Here it is now
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