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- 2 May 2007
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sweet pump and dump, sounds like he should have been in the movie boiler room
Kris Sayce states that he invests zero in any of the stocks he recommends in order to avoid a conflict of interest.
Anyone know what any of his latest tips are??
I believe they are FAR, LNG and WHN respectively
An Aussie solar energy company trading at <10c.
Anyone know what this is?
Sayce is spruiking it in his latest email.
An Aussie solar energy company trading at <10c.
Anyone know what this is?
Sayce is spruiking it in his latest email.
Thanks for the inputs.
I need to remember to keep an eye on the charts of CBD, SOO and DYE.
Right now CBD is potential for a double bottom. An upside break of 4.6c on high volume might signal a good entry.
SOO is unremarkable.
DYE has the potential for an inverted H&S, with the neckline at approx 16c.
Mate
Thanks
But for non chartists can you please provide some details on technical jargons of double bottom and Head and Shoulder ?
Are they buy or sell signals
I do not feel shy to express my ignorance than to pretend I know it,
Thanks
That's a good way to be... my ignorance is also on full display!
CBD has two recent low points at 23/7/12 and 24/8/12. They form the double bottom. The highest high in between the two low points marks the trigger for a potential buy. In this case it's on the 27/8/12, and the high price was 4.6. So if there was a significant build in volume interest, and a break above 4.6c, you could enter with a potential target of the height of the pattern (approx .08c). You wouldn't say it's a classical DB, but it's quite do-able.
DYE - potential for inverted H&S. http://en.wikipedia.org/wiki/Head_and_shoulders_(chart_pattern)
Lots of links online.
Neither are buy/sell at the moment, according to pattern set ups. They look like *potential* buys if the necklines are penetrated. But other market participants will have their own particular TA set ups which will be quite different.
Has anybody used his advice? or know anything about him?
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