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CCL - Coca-Cola Amatil

Discussion in 'Stocks 0-H' started by DTM, May 4, 2005.

  1. RandR

    RandR

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    posted this about 13months ago. As yet I have not entered into the stock, have a small amount of money I am setting aside and waiting to see how things unfold. I don't believe this is going to reverse and head back up in a hurry, so see no need to jump in right now. Happy to wait and move, the trading update in may should be interesting. I will most likely wait till then unless things get real cheap in the meantime.
     
  2. Wysiwyg

    Wysiwyg Everyone wants money

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    Ughhh. How do you feel mate. Announcement of management shuffle today might garner some confidence back. Could be a bounce here but I have my doubts that $9 will hold as support for the medium term. Plenty of stabilising to do. Just sayin'.

    Chart.png
     
  3. So_Cynical

    So_Cynical The Contrarian Averager

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    I took an average down today @ 9.07 increased my position by about 20% .. first and last CCL average down.
     
  4. So_Cynical

    So_Cynical The Contrarian Averager

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    Great timing, 8 days later and CCL touched $9.97 and i have a cheap parcel. :)

    Yet another double bottom as well, so many stocks and so many double bottoms.
     
  5. ROE

    ROE

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    Yeah I jump in there too when all the Analyst say sell everyone got frozen :) but they happy to pay up when its $13-15 :)
     
  6. rimtas

    rimtas

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    I think it is not worth buying CCL at this stage as wave structure looks incomplete. It is in a progress of correcting a recent steep decline in wave 4 and later CCL should be heading to new lows in wave 5, most likely to $7-8 area, where a buying opportunity will arises for multimonth pullback.

    The main concern is that from 2000 bottom CCL failed to advance in Impulsive manner and wave structure looks corrective towards $16 top in March 2013, so it could be headed below $2 in a years to come which is quite frustrating given the fact that Australia is in a multiyear bull market right now and second half of 2014 should be very impressive for Aussie stock market overall.

    ccl.jpg
     
  7. neilza

    neilza

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    Monster 1 day volume on Coca Cola Amitil - trend change?

    Did anyone see the massive volume on Coca Cola Amitil on Friday? 10 x the average daily volume. I'm pretty new to this game but when you see volume like that, you've got to take notice. The stocks been declining for over 12 months and the fundamentals are pretty ugly but perhaps it's oversold and due a rally? Thoughts anyone....
     
  8. skc

    skc Goldmember

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    Re: Monster 1 day volume on Coca Cola Amitil - trend change?

    Most of the volume was done via a special crossing (as opposed to on-market trades) so most likely some into shifting their portfolio. It's a big line and done at recent support so it probably means the support would hold for a little while longer.

    But other than that I don't know if it necessarily means too much.
     
  9. neilza

    neilza

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    Re: Monster 1 day volume on Coca Cola Amitil - trend change?

    Cheers SKC. I've decided to go long with a stop underneath that resistance level around 900 so hopefully a bounce will play out for a nice short-term gain. ECHO looking good after monster volume on May 26th. Looks like a nice cup and handle pattern has formed.
     
  10. ROE

    ROE

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    Re: Monster 1 day volume on Coca Cola Amitil - trend change?

    According to afr a fund manager wants an exit block trade with $9 the absolute floor price ... 250 new investors took up that block trade so some investors has some serious money -:)
     
  11. rimtas

    rimtas

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    In most cases when big volume is generated Not in an Impulsive wave, it means nothing. The money has been spent and the buyer is once again at the mercy of the market. There has been no any Impulsive advance from the 8,993 bottom, market is moving sideways in "threes", so the main trend is still down. Expect CCL to see in a 7-8aud range late in the year(or even 6,5 support) where I think a medium term bottom will be and a multimonth rally starts.
     
  12. So_Cynical

    So_Cynical The Contrarian Averager

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    4 months of sideways averaging at around $9.40 with a triple bottom at 9.05 ish...the bottom is in, my opinion is as good as yours, i have 5K in this how about you?
     
  13. ROE

    ROE

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    I have around 3200 shares, I got room for a lot more at those $7-8 or $5-6 price
    I am patiently waiting
     
  14. rimtas

    rimtas

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    It could be that Triangle is developing, but early to say...could easily trend sideways another 4 month before decline resumes.

    cola.jpg


    And yes, your opinion is good, the difference from mine is that it is not my opinion. I am looking at the market and reading what it says, and at this stage it says-no "five" up from the bottom-means no further rally.
    It is very dangerous and extremely unprofitable "to think" about market. There should be an analytical approach which eliminates "thinking" and leaves only probabilities based on facts.

    I will buy CCL only when there is perfect setup which will eliminates a risk of an upcoming drop. Money is too dear for loosing because of "thinking", witch more often than not is incorrect.
     
  15. Ves

    Ves Beyond Good and Evil

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    $6-7 sounds a lot more interesting to me. Honestly it probably won't ever get there. But I am sure that lots of other opportunities will present themselves outside of this stock. I'm with Warren on this one, you get to choose when you swing. :)
     
  16. So_Cynical

    So_Cynical The Contrarian Averager

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    I've done ok thinking over the last 7 years, did ok out of WTF the other week no waves needed...saw the obvious and acted accordingly, thinking can often allow the thinker to see things/come to the obvious conclusion.

    https://www.aussiestockforums.com/forums/showthread.php?t=5163&page=7

    I have spent some time thinking about bottoms recently...triple bottom is a very good sign, superior to 5 waves IMO.
     
  17. ROE

    ROE

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    Is there such a scenario? just wondering how you would eliminate risk in the stock market?
    if you eliminate risk of the stock from dropping then it is a 100% guarantee win isn't it?

    I can manage risk but I cant work out how to eliminate it :)
     
  18. rimtas

    rimtas

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    well, maybe i should have said not "eliminate" but reduce to a minimum at a certain point where many factors are pointing to a turn. There is no such thing as 100% in the markets, there are only probabilities and possibilities with a certain amount of confidence. The good thing is that the market (i.e humans) is always the same, following the same nature rules all the time.
     
  19. Miner

    Miner

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    I was searching posts on CCL and found some interesting charts as attached. At the outset I am not chartist because of my poor excel skills and lack of mathmatics/statistics (grade D in Uni) .
    However could not see the reasons for seeing the sharp down trend in your chart towards $7 to $8 which is yet to be seen in practice. I do not know how correlation in the graphs were used or any regression analysis to suggest the predicted price. No I am not suggesting a down ramping but curious to know how come charts since June 2014 yet to satisfy the trend ?? As I said being a D grader in maths and stat - not competent to draw the same excepting reading them. :2twocents
     
  20. DJG

    DJG

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    Side note: I don't think you need a PhD in mathematics or science to read charts. I'm no professional but although some chartists will like to call themselves 'artists' or 'scientists'...they largely aren't either (that's my view anyway, which I'm sure will strike a chord with some). I know for a fact it definitely doesn't require Excel anyway - that'd be more fundamental analysis.

    I'll be interested to see the replies to your post regardless.

    It also appears everyone got pretty excited over the double-bottoms etc. What about now? I see lots of range trading!
    Capture.JPG
     
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