SUM - Summerset Group

[Snow Leopard]

Last week indicated a short term top in the SP, or the start of a down trend, today's price action followed through on that. Where to from here, who knows. Indictors are still crossing up and positive, it's just the SP which is suggesting otherwise.

It is one of:
Brownian Motion;
A Random Walk;
Chaos Theory (including Fractals);
or
Something Else.

Best Wishes
Paper Tiger

[Vaygor1]

.... Brownian Motion...

Also known as a nice hot cup of tea.. at least when the logic circuits of a Bambleweeny 57 Submeson Brain are connected to an atomic vector plotter while suspended in it.

[Hoop]

Last week indicated a short term top in the SP, or the start of a down trend, today's price action followed through on that. Where to from here, who knows. Indicators are still crossing up and positive, it's just the SP which is suggesting otherwise.

Hmmmm..after your post Baa_Baa + a bit of PT banter I had a closer look at SUM...Yeah there is a bit of TA foul air there.. TA Investing-wise there is a good argument to say that nothing much is lost by taking a wait and see action rather than jumping in at a free lunch opportunity..However the share price has corrected itself so Roger's opportunity has paid off in the short term..good on ya mate.

The hint of TA foul air could just be a breather after a quick (2 month) 20% rally

The 7c rise today doesn't remove that foul air...Has to get above ~$5.40

SUM has been a terrific long term hold stock (great Superannuation type Stock) and a must have stock in anyone's Portfolio (continuous up-trending stock)

SUM has had 2 secondary down trends (both lasting 4 months) within the current (since IPO) primary uptrend..the first down trend quickly rallied 25% then took a breather for 4 months..

Will this previous down trend result the same way?..we have just witnessed the 20% quick rally.. Are we witnessing the start of the breather stage??? The hint of TA foul air suggests maybe so.....We don't know how long or form the breather will take..We only have one historical experience to work from the previous event.. that breather began with a 7% throwback (back to ~$3.25) followed by 4 months of resistance hugging plateau at ~$3.50..

[James108]

Would be quite happy if some 'technical' sell signal was triggered and forced everyone that follows that sort of thing to get out at once.

[Beagle]

Got a free lesson today in not counting your chickens until they hatch...suppose it could have been worse and speaking of chickens bought Tegal shares instead

Anyway as Hoop quite rightly says, this is a terrific long term hold stock and that's exactly the reason I topped up so short term price aberrations (random walk theory) don't phase me too much.

[percy]

[QUOTE=Roger;659051]Got a free lesson today in not counting your chickens until they hatch...suppose it could have been worse and speaking of chickens bought Tegal shares instead

Expect a "please explain notice" from KW.

[winner69]

Got a free lesson today in not counting your chickens until they hatch...suppose it could have been worse and speaking of chickens bought Tegal shares instead

You bought TGL today ......you losing your senses or something mate!!!!

[winner69]

Got a free lesson today in not counting your chickens until they hatch...suppose it could have been worse and speaking of chickens bought Tegal shares instead

Expect a "please explain notice" from KW.

He's gone nuts eh percy

[trader_jackson]

I just missed out Roger as noticed shortly after 5 so kudos to you!!

If you had your order in, you probably would have got it today... today's finish wasn't any higher than yesterdays 'absolute bargain last few minutes'... hmm

[percy]

[QUOTE=winner69;659055]

He's gone nuts eh percy

No surprises there.!!
Too much rain has wetted the brain.......lol.
ps.TGH.