re: sino strategic s&p 300
I just like to ferret out and take positions in outstanding investment opportunities at as attractive prices as possible...
I have posted a lot on what I think short term price movements are in general.... NOISE
You mean most people are noise traders ?
There coming and going creates the oversold and overbought...
Is it down today or up ?
depends how you measure what your looking at and starting point
price alone must be filtered ( get the noise out ) otherwise... deconstruct in terms of volume
and judge in context and trend....
HC was the only place I really ever saw SSI and GCN discussed..
IF even members here are not interested and still not
(people will take this as a joke )
Then the technical position is strong and getting stronger...
Find a stock with only enthusiastic long term investors holding and with good news IT will only go up ( and up and up )..
find a stock with those holding , holding only because one average is over the other (etc) AND It will go down down down and down ( untill some one for other reasons starts buying )
In between there are mixtures of holders
SSI esp had No trend traders on board at all We see good results news had good effect...
I think there are a few small holders still not believing their eyes... still a few that sell..
But take comfort they can only sell once.. And If We do see S&P 300 index..
Buyers will not be the problem..
Another thing all ordinaries.. is only a mkt weight index
SSI and GCN even are not in that..
That even will lift profile.. and cross a few mandate restrictions ?
Strong technical position ? proof in the pudding is in how resistive to shakeouts and what price does over time and how volume pushes the price around etc etc etc
As usual My views understanding opinions of the very moment...
motorway
SSI Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held