Feltex (FTX) - All over for shareholders

[limegreen]

Trend following would seem to have created a good strategy for FTX thus far. Or at least selling on the trend break would have got IPO holders out on the right side of the balance sheet.
FTX now appears to be in a shallow uptrend. With three touches on the line, we just need a new high.

[johna]

And a break through the $1.64 resistance!

[Snow Leopard]

We have hit 1.65
I am just going to have a short rest to recover [:0]

[limegreen]

1.66!!! Resistance well and truly broken. Now we just need to bust through 1.75, and we'll be well on our way!

[Snow Leopard]

So when do you reckon on $1.75? Today or not till next week?

[Snow Leopard]

1.67 [][][][][]
What is going on [?]

[limegreen]

Whether there is a rational FA answer who knows. However, from a TA perspective, sometimes a break through resistance can result in a bit of a runaway I think.
Perhaps there has been someone trying to offload a sizeable chunk over the last little while, but has been knocking it off in dribs and drabs, and that has kept the price down, without the appearance of there being a large seller. Now that this hypothetical `idiot' is out of the market, everyone is seeing the value that we knew was there all along. Next week, we'll just be wishing that we'd topped up LOL.

[rmbbrave]

I have a few Feltex and few AIR NZ shares and both of them have shown a bit of life today. They are almost the same price and both are about to pay their first dividend for a long time.

Which of these are the better share?

[limegreen]

Feltex paid a divi last year. Having only just re-listed, their yield is still subject to a little speculation, but is expected to be around 10%. Thus, I think anticipation of results and coming divi may be a nice little driver to the shareprice. I haven't looked at AIR much, so can't comment.

[duncan macgregor]

RMBBRAVE, I would put it the other way and ask which is the worst share. The high dollar takes care of feltex. Air nz i thought we all know to give it a miss. Between the two feltex is the best {the dollar will eventualy come right one day. MACDUNK