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  1. #21
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    cujodog - $2 that would be shocking not suprising!!

  2. #22
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    I have a feeling someone may be sniffing around at these prices

  3. #23
    CEO Butch Analytics Ltd winner69's Avatar
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    No surprises in half year announcement as all signalled well before hand

    Not selling Adelaide and all suitors seem to have gone away

    Shareholders wouldn't want SKC rerated down to a PE of 10-12 would they from the lofty heights of 484

    maybe, just maybe, the new boss might get this thing back on the right track

  4. #24
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    Quote Originally Posted by Dr_Who View Post
    The graph on SKC dont look too hot. I will wait for it to bottom before I get some.
    I wonder if Big P could share his insight?!
    Death will be reality, Life is just an illusion.

  5. #25
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    Default SKC Chart

    Here you go Steve -
    SKC is still in a downtrend. The red arrows are Sell signals.

    Buy signals would be generated by :-
    (1) A break of the confirmed trendline.
    (2) An uptrend (higher High after a higher Low)
    (3) A break of the On Balance Volume trendline.
    (4) The Relative Strength Index moving above 50.
    (5) A break of the 34 day Simple Moving Average.
    (6) The 7% Trailing Short Stop being broken.

    While none of these have been triggered yet and SKC made a new low just 4 days ago, the downtrend is starting to run out of steam. The most positive sign is the RSI Bullish Divergence (marked in green). You can see that the RSI has been making higher lows while the price was making lower lows. This is a Class A Bullish divergence.


  6. #26
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    this thing is still in undecided space....could go either way....im picking upwards...but then I also bought a couple of weeks ago thinking it was the bottom

  7. #27
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    Thanks Phaedrus!
    Death will be reality, Life is just an illusion.

  8. #28
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    Quote Originally Posted by peat View Post
    over the last 3 years approx its formed a head and shoulders with the neckline just above 4
    should it break 4 then I reckon it could easily find 3
    half way there
    For clarity, nothing I say is advice....

  9. #29
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    P. Couldnt you say that before the confirmed trend line you can see 2 humps (call it what you like) that can confirm a different trendline. If you wack a line on those then there would have broken the trendline. Later on of course you are then using around 4.38 as your confirmed trendline.

    Just my obsevation.

  10. #30
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    bottom today

  11. #31
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    Quote Originally Posted by redzone View Post
    bottom today
    What makes you think that?
    Death will be reality, Life is just an illusion.

  12. #32
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    very large blocks of stock married within same broking firm....doesnt normally happen without price moving up....may well be wrong....have been before and no dout will be again

  13. #33
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    Phaedrus.....is this a break out on the upside???

  14. #34
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    Default Chart Update

    Quote Originally Posted by redzone View Post
    Phaedrus.....is this a break out on the upside???
    No buy signals yet, Redzone. The 6 indicators plotted here have worked very well in the past for this stock and while all are heading up, none have actually triggered yet.

    There are signs, though, that this just might be the turnaround. See how volume on the $3.48 low of 27/3/08 was higher than any other day over the 5 months of the downtrend? This looks like a price/volume climax such as are found at significant turning points.

    Look also at the green volume bar for the next day, 28/3/08. This was the highest volume "Up" day in the history of the current downtrend. (Red volume bars are down days, green are up days and blue, no change).

    Now, the last volume bar shown is for today and as such only accounts for volume up to now (mid-day). Obviously this will be higher by the end of the day and a higher volume than yesterdays would be Bullish as well. (Rising price on rising volume)


  15. #35
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    will take some doing to beat that volume....looks a classsic turn around to me but with today being the last day of the financial year might it could also just be window dressing...

  16. #36
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    [quote=redzone;192099]will take some doing to beat that volume....quote]

    I don't think so - it's not that far below it.......
    Fridays volume was 3,358,398
    Right now (1.30pm) it is up to 2,983,290

  17. #37
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    Last day of the financial year dont expect a normal market today. I would expect a larger volume of shares traded today across the board than normal. SKC i would think with their large debt would continue to downtrend in this economic climate for some time. Bush is about to inflict his economic revival plan any day now so expect the worst. Macdunk

  18. #38
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    ok...thats a good sign....I couldnt help myself....I averaged out a few....I do have a feeling our $ is about to take a hit....I still hold the view if SKC were to stay down here at these levels and the $ does take a hit,the market the way it is SKC could be picked up very cheap.....by that I mean at least a $ a share cheaper than what may have happened 6 months ago...all about timing I suppose

  19. #39
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    Phaedius.....looks lke SKC has broken out to me...

  20. #40
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    this has $4.30 coming

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