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KRS any idea with big volume yesterday?

Chart Forum » Traders Groups » "Sailing the ASX" » KRS any idea with big volume yesterday?

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peterloh
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Username: peterloh

Post Number: 181
Registered: 03-2003

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Tuesday, August 12, 2003 - 11:41 am:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Hi Guys

Yesterday big volume has me puzzled. The volume was 0ver 11.6 million. On 23/10/2002 KRS was 15.5c and had volume of 10.9 million on that day. Since then it has steadily climbed up in price.The company's capitalisation is $70 Million, return of equity is 50%, dividend yield if they maintain a steady dividend would be 8% fully franked. The company also has a share buyback programme.Both fundamentals and technical look pretty good. Anyone has any idea about the big volume???. I got in yesterday because of all the above.

Cheers

Peterloh






-------------------------------------------------
Disclaimer: Please note that comments made in this column is not made in my professional capacity and should not be taken as advice.Any share discuss is for general interest and should not be relied on to make an investment decision.Please consult your stock broker or financial adviser in regard to your personal situation.

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capricorn
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Username: capricorn

Post Number: 39
Registered: 10-2002

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Wednesday, August 13, 2003 - 11:44 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Peter
I've been using too tight a stop and have lost out on further profits by selling ION and Newcrest too early and would appreciate some guidance on how you determined a stop loss position for KRS
Pat


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peterloh
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Username: peterloh

Post Number: 185
Registered: 03-2003

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Thursday, August 14, 2003 - 02:12 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)





Hi Pat,

KRS
I will look at my time frame to determined my exit stop loss. If I am trading short term, this is my strategy.

If the price stays above the top of the dominant white candle 54c established on 11/8 I will still consider it to be bullish.
The mid point 52.5c is another important support line.
The last line of defence is 50c. You must back test it because some chart patterns are different.I will use this if I am bullish on the share.
I have seen the prices come down to test the base of the dominant white candle before taking off again.

I hope this helps.

Cheers

Peter











-------------------------------------------------
Disclaimer: Please note that comments made in this column is not made in my professional capacity and should not be taken as advice.Any share discuss is for general interest and should not be relied on to make an investment decision.Please consult your stock broker or financial adviser in regard to your personal situation.

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capricorn
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Username: capricorn

Post Number: 40
Registered: 10-2002

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Thursday, August 14, 2003 - 06:59 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



Thanks peter
it sure helps to get a different slant on things
I normally trade medium term and in this case would place my stop loss at 42c. hence the problem on a small cap- i think!
Pat



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