I have taken a different tack-have sold down over the last 2 weeks.All looks like it has got ahead of itself.
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I have taken a different tack-have sold down over the last 2 weeks.All looks like it has got ahead of itself.
Had a look at depth. Most of the trades today are insignificant amounts - rats and mice. Looks to be a good time to have some cash to buy.
Guys I could be on the wrong track here but isn't a high NZ dollar only a bad thing for exporters who are price takers and have relatively poor and unstable distribution channels (I'm thinking commodities). A high NZ dollar could be a good thing for Rakon if they are smart: if their products are excellent and they aren't competing on price but in other ways then demand may not be related to price. All it will mean is that they get more USD (for example) than they would have for the same amount of NZD expenditure. If they keep those USD in that form rather than convert the currency they will be able to convert later when conditions are more favourable.
I don't hold and haven't investigated, obviously this only works if they price in NZ dollars. Just my thoughts :)
Trackers, Hairdresser, Craic - Technically, it is not yet time to buy RAK. Take a look at the RSI oscillator plotted here. See how, while RAK is currently "OverSold", no buy signal will be generated until the RSI climbs out of the "OverSold" zone. Previous RSI Buy signals are marked by green arrows - without exception these all flag excellent entry points. Maybe you or I could occasionally get lucky and beat an oscillator like this, but personally, I would rather back an objective system rather than any individual's opinion. Including my own!
KJ, Technically, it is not yet time to sell RAK. The chart below shows an assortment of trend indicators, none of which have triggered Sell signals. Take a look at the OBV - a continued nice steady rise, with no sign of any "smart money" getting out. See how the slow Stochastic oscillator is still well within positive territory (above 50%) and has been for this entire uptrend - so far. It pays to give stocks like this a bit of room to breathe - the big risk here is that too tight a system stands to flick you out prematurely only to watch the stock go on to make new highs.
Technically, RAK is currently a "Hold".
http://h1.ripway.com/Phaedrus/RAK418001.gif
Thanks Phaedrus-yes, I did recognise that RAK was technically not a "sell" yet.I simply felt it was time to get out with a good profit.
Past experience has told me that when a stock runs up as quickly as this,and sits on a PE of 45 plus,it can fall very quickly.
Of course I do not know if this will happen.
Thanks for that Phaedrus, enlightening as always...
Might wait a bit to see what happens with sp, and nzd/usd...
Thanks Phaedrus, enlightening as always. I bought all mine above $4.00 and will continue to buy more on the dips.
No coincidence that the current weakness on low volume is immediately after the in the money allocation.
I really think this is undervalued there is no good coverage on this stock should be trading at around 20x with the new acquisition. First mobile phones with GPS are shipping now, I expect that every mobile phone manufacturer will have a GPS phone out within 12 months [except maybe MOT LOL].
Every phone will need a crystal.....
Also how are you doing in the US???
HD, I am finding the US difficult to call and hard going at the moment. I generally run 6 trades there, varying the mix depending on my overall market view. If I am very Bullish they would be 6 longs, very Bearish, 6 shorts. If the market is generally flat, 3 longs and 3 shorts. My uncertainty is best illustrated by the fact that I currently have 2 long and 2 short trades.
PS: RAK has just now triggered a Buy signal, though of course the Close may be different.
You,re having some trouble with NZX as well. RAK is up 16 cents at the moment I wish I had followed my own advice yesterday and bought some.A prediction. I need $40,000 by Oct Nov this year to replace my boat and pay for an overseas holiday - I expect to get most of it from RAK.
then buy SOE