TWR - Tower Insurance.

[The BOWMAN]

Hi Hoop, what software do you use to generate the charts you had? Or did you add the annotations yourself?

This seems to be a worry time Belg.
Normally with larger than normal volume it's usually a rush to get in (accumulation) or a rush to get out (distribution).
My charts have three accum/dist indicators A/D OBV and Twiggs MF all of similar makeup thus all showing neutral to slight distribution.
Large volume with near equal number of buyers to sellers ....Hmmmm strange

TA wise TWR has reached a critical conjunction area...All the ducks have lined up around that 1.65 area.
Some sell signals have appeared a small period event formation (sys triangle) breakout downwards near its apex adds to the uncertain sell signals.

Belg ...looking to jump in with that volume increase/ at a critical conjunction/indecisive investor behaviour atm.. may not be the wisest of moves ..... a gamble similar to a toss of a coin...eh?.....
...unless we can find out who's doing the buying and selling...somtimes abnormal buying/selling strategies can warp TA signals especially with illiquid stocks.

[Hoop]

Hi Hoop, what software do you use to generate the charts you had? Or did you add the annotations yourself?

Hi Bowman.
I add the annotations (trend/s&r lines , patterns) manually...using Paint.net (its an open source software) over incrediblecharts free version. I then save the annotated chart to my pictures in my computer for uploading to the ST forum via photobucket.
Adding to the charts manually is time consuming ...not the actual drawing of the paint art work but analysing the charts to find various formations (for example the possible patterns). Even drawing a simple trend line can create issues. Do you draw a trend line including a freak EOD flash crash point? do you add intraday lows and high points to your trend line.... when to do it when not to do it methods.....

Looking at a published chart on a forum looks very simple because things rightly or wrongly are highlight for you...but....analysing raw charts takes practice of many months to years to finally get an eye for it.. your basic requirement is the ability to recognise all the possible chart formations and tell your brain to concentrate on finding them and be careful to realise that if there is more than normal visual information on a chart your human mind may automatically blind out parts of visual data so to cope with the mental processing****...(you are not aware of this happening)....

If some charting programs have simple pattern features built in these would be of tremendous help. Unfortunately the more sophisticated chart programs work off servers and most are not free. Working with servers can be a problem because if they don't pay their domain bills they get shut down and all your stored information is lost. I see that we can't connect to with imageurlhost atm????
Also a problem is many chart trading programs have limited, incomplete (e.g no volume) to no available NZX data at all...

****At what point is your Mind blocking out visual data...try this ultra simple very low visual test first...this one is very easy

How many f 's in the bold type sentence below

finished files are the result of years of scientific study combined with the experiance of years.


One would assume this low visual info (the above sentence in bold type) should not cause the human mind to overload and block out any visual data...however the chart shows a third got the answer wrong.
Go here and click the answer. Once you know the answer and reread the sentence you instantly see all the f 's and you feel foolish at just how easy it was,,If this was too easy try something harder and find the your own personal limit,,,,,,,,,,,,,,,,,,,,reading charts is similar, once you know for example all the available patterns possible your brain knows what to look for and it become easier to spot patterns on a chart.

Get to know chart patterns here at http://www.chartpatterns.com/

[macduffy]

I'm not sure that anything's up with TWR - other than that the whole world knows that GPG is in wind down mode and that their TWR holding will be sold sooner or later. It could be that one or more interested parties (insurance companies?) are building positions just in case whoever buys GPG's stake decides to go the whole hog and mount a takeover bid.
Pure speculation, of course. Any other wild guesses out there?

[Hoop]

... But Hoop ... What's up with TWR?!? ...

No idea!!!

What scenario's exist with high volume period, little movement in price until today (downwards)?****, small accumulation since Wednesday 2nd (not shown on my previous chart) maybe not after today though..neutral momentum....
Only two I can think of Macduffy mentioned one . The second is swapping accounts via the market.
Maybe, just maybe an outside third factor.. 7 May is provisional tax day and is forcing sellers with plenty of buyers in the wings... but doubt it.

**** the best way to effect a change is to buy some shares and then watch them fall...bought a token amount (toe in the water 4000) for 166c at 1.40pm today then watched it drop to 164 20 mins later...It's been one of those years so far, I can't seem to do much right (except for SUM and swapping some of my cash NZ$ to US$).

Belg..Time is the key ingredient with TWR if no-one is going to tell us anything (announcements)...hopefully we may know something within 3 weeks..half year results due??

[Snow Leopard]

...the best way to effect a change is to buy some shares and then watch them fall...bought a token amount (toe in the water 4000) for 166c at 1.40pm today...

You bung up all these fancy technical graphs showing it going nowhere and then you do WHAT?

It is a good job Phaedrus is not here.

I hope it works out for you

best wishes
Paper Tiger

[Hoop]

You bung up all these fancy technical graphs showing it going nowhere and then you do WHAT?

It is a good job Phaedrus is not here.

I hope it works out for you

best wishes
Paper Tiger

Thxs PT
yeah ... I hope P isn't lurking either....could be archiving all our mistakes then come back to clobber us with them.....heavens forbid

[The BOWMAN]

This is truly mysterious. TWR keeps churning out huge volumes frequently but price is going no where. is someone doing the selling and buying all by him(hel)self for fun and keep the broker rich?!

[Lizard]

If it were GPG selling ... What's the longest they can wait before telling the market?

Supposed to disclose a 1% change in holding "as soon as the person knows, or ought to know, that the movement has occurred" (Securities Market Act 1988)

[CJ]

So its not GPG selling down ...

I'm guessing someone else is building a stake so that when GPG do sell - possible firesale - they'll make the takeover offer as, with GPG's, they'll have 50% or possibly more by then.

They cant go abouve 5% without notifying.

It could be speculative buyers in anticipation of selling into a higher takeover offer. I know there are funds in the US that specialise in that (look for companies that expected to be taken over). Given this is well sign posted, you should expect someone is doing it.

[winner69]

They cant go abouve 5% without notifying.

It could be speculative buyers in anticipation of selling into a higher takeover offer. I know there are funds in the US that specialise in that (look for companies that expected to be taken over). Given this is well sign posted, you should expect someone is doing it.

so nothing really going on then belg .... nobody getting over zealous .... just normal buying and selling eh