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06-12-2018, 03:08 PM
#2761
Originally Posted by winner69
moosie latest report - its a symmetrical triangle with either upside breakout or downside breakdown potential. The trend is usually a continuation of current one (ie DOWN).
So I have verified that that is indeed what the Moosie wrote, and it is nice to see that there is a little forum for him .
Now isn't it fascinating that
a) TA tells us that prices may go up or down - we learn something every day.
b) despite the price going UP before entering this symmetrical triangle that the Moosie thinks the current trend is DOWN. I think the Moosie is seeing what he wants to see and is then trying to hang some TA on it.
Anyway the price will do what the price will do and will almost certainly go UP, DOWN or SIDEWAYS.
Disc: Currently hold some HLG, would not buy more at the current price, but DYOR.
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06-12-2018, 04:52 PM
#2762
Is that the same Moosie who invested heavily in BIG on the ASX?
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06-12-2018, 05:30 PM
#2763
Originally Posted by Left field
Is that the same Moosie who invested heavily in BIG on the ASX?
It is. From memory - for a time was the TA on BIG impeccable .. and lots of people made heaps of money with it. Just a timing issue.
Why are you asking? I didn't yet met an honest investor who never lost money. Did you? Moosie is quite TA focussed. Typical hit rate of TA predictions is around 60% - which is better than flipping a coin, but by no ways infallible. Losses are inevitably part of the game ...
----
"Prediction is very difficult, especially about the future" (Niels Bohr)
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07-12-2018, 01:33 PM
#2764
I assume we need to adjust charts for the divie so it doesn’t look so ugly
”When investors are euphoric, they are incapable of recognising euphoria itself “
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07-12-2018, 04:55 PM
#2765
hope no one chased the div , its adjusting for there down grade now
one step ahead of the herd
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07-12-2018, 05:19 PM
#2766
Originally Posted by bull....
hope no one chased the div , its adjusting for there down grade now
Yes I did add more for the divvy, down grade will get reversed after a couple of great sales months ahead. PS -AGM might shed some more light on things as well. PPS - Plenty of long term smart money holding this stock.
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07-12-2018, 05:50 PM
#2767
HLG was 341 ex divie this time last year
Been a good year eh
Another 150 over next 12 months andvthe share price will be 640
Those big guys (inc Couts) who never sell will be happy ...
”When investors are euphoric, they are incapable of recognising euphoria itself “
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07-12-2018, 05:56 PM
#2768
Originally Posted by couta1
Yes I did add more for the divvy, down grade will get reversed after a couple of great sales months ahead. PS -AGM might shed some more light on things as well. PPS - Plenty of long term smart money holding this stock.
I hope you're right there Couta.
As mentioned on the other forum, I sold down HLG for 3 main reasons (red flags) I've observed this week. Chances are this current seller has more shares to sell than you have capital to absorb them. Smart money or not, the chart paints a clear picture of what's happening.
Quite possibly there's more bad news to come out in the AGM and this seller knows it.
KW's rule comes into action with HLG now as well.
Last edited by McGinty; 07-12-2018 at 06:30 PM.
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07-12-2018, 06:10 PM
#2769
Originally Posted by McGinty
I hope your right there Couta.
As mentioned on the other forum, I sold down HLG for 3 main reasons (red flags) I've observed this week. Chances are this current seller has more shares to sell than you have capital to absorb them. Smart money or not, the chart paints a clear picture of what's happening.
Quite possibly there's more bad news to come out in the AGM and this seller knows it.
KW's rule comes into action with HLG now as well.
I doubt whether there is somebody with a decent holding selling let alone somebody who knows there more ‘bad news’ to be announced at the AGM
Was the recent update ‘bad news’ anyway - sales effectively up 7% and this stuff about challenging market conditions is what retailers always say. It’s Rod Dukes favourite phrase and HLG say that a lot.
Chart a bit sad ...just market sentiment towards retail orientated stocks isn’t that high at the moment
Then again you may be reading this right and the last 6 weeks have been a disaster and it’s been a slow start to the peak season and margins have tumbled
Last edited by winner69; 07-12-2018 at 06:11 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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07-12-2018, 06:28 PM
#2770
Originally Posted by winner69
I doubt whether there is somebody with a decent holding selling let alone somebody who knows there more ‘bad news’ to be announced at the AGM
Was the recent update ‘bad news’ anyway - sales effectively up 7% and this stuff about challenging market conditions is what retailers always say. It’s Rod Dukes favourite phrase and HLG say that a lot.
Chart a bit sad ...just market sentiment towards retail orientated stocks isn’t that high at the moment
Then again you may be reading this right and the last 6 weeks have been a disaster and it’s been a slow start to the peak season and margins have tumbled
I won't be able to confirm until the SSH notice comes out, but I suspect that the same entity that pushed the price up over $6, is the same one that is continuously selling down.
I watch the market enough to know that this isn't 'Mum & Dad' investors selling (too many 10k and 15k lots of shares on the sell side that hit the buy).
It will be an interesting week next week, with the AGM.
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