bosley
- 20 Feb 2004 09:34
andysmith
- 24 Feb 2005 13:22
- 1760 of 27111
Hope this triangle thing means first SHARP DROP - wait for it, panic sellers reading last years results, followed quickly by people BUYING at low price (me included) for next years results and then the bounce up and beyond 20p!! I will be watching closely on Monday and should there be a buying op, I'm ready. If not I'll settle for a nice blue triangle pointing up on the SEO share price.
stockdog
- 24 Feb 2005 13:27
- 1761 of 27111
Andysmith - you been reading my mind again - although I'm not sure I should add any more weight to SEO. On balance would like immediate and sustained sharp rise up through 20p to my next stop of 25p to give me some profits to place elsewhere.
SD
Fred1new
- 24 Feb 2005 14:51
- 1763 of 27111
Bosely
The reason for some of my scepticism is that in my youth I attended many workshops led by very enthusiastic leaders who had unrealistic claims based on very little practice. Often these leaders had been taught to leader by similar leaders in USA. These I may add were not workshops on TA (Technical Analysis) but TA as in Transactional Analysis. This is not disputing that there is much of value in both schools of thought.
The other damming thing about TA is that it is Ok until the trend changes and then it aint. It gives some probability of the future but nothing is absolute and I dont think it can or should be divorced from the Fundamentals. The mood of the market is effected by announcement or economic changes which effect the underlying fundaments of the security and those influence the mood of the market, which then can be read by the various charts and indicators.
The other important feature is that the crowd buying the securities are the same people as you and me and often following the overall trend. When you sell they look at the graph and sell on the same interpretation you are making etc. which makes the results self fulfilling . The only thing is that there others interpreting the graph oppositely and selling or selling earlier or later than you.
I think many authors of the various tombs make more out of their authorships than the markets.
But I still am intrigue by TA and am certainly not an expert or a completely true believer in all that it is claimed about it. But it is very useful once a tren has been established.
Meanwhile if you look at BPRG you may see a triangle formation on a slightly longer period of time than SEO.
I think I am a long term holder of SEO and BPRG.
Apologies if the is boring.
stockdog
- 24 Feb 2005 15:13
- 1765 of 27111
Driver
I think that was true in the last great bull market 1989 to 2000. Not so sure now though. I think the debate may centre round the expression "so-called" in truth.
SD
aldwickk
- 24 Feb 2005 15:24
- 1767 of 27111
"if you stick a pin in the F.T share page you will do just as good as the so-called expert"
Thats what Evil K does , but he picks the share next to the share that the pin went in.
AdieH
- 24 Feb 2005 15:45
- 1769 of 27111
Dynamite have you been watching GMC, wow, its like SEO was a couple of weeks ago...
stockdog
- 24 Feb 2005 16:34
- 1770 of 27111
Driver - you mean I should stop using that method? I've been trying to stick triangles into the FT when they're only two thirds complete. I keep breaking out - in a lather. What thread is this by the way? Looking good for Monday.
SD
stockdog
- 24 Feb 2005 16:48
- 1772 of 27111
driver - if my memory os correct, you don't read the SUN, you look at it!
SD
bosley
- 24 Feb 2005 16:56
- 1773 of 27111
evening all. blue day. nice. very low volume too. it may be early days yet but the price does seem fairly settled around here. wonderful
Jacks
- 24 Feb 2005 17:06
- 1774 of 27111
Triangles, sounds like a hair dressers shop. Is someone taking the p***, there is only one sort of triangle worth studying and it's not the Bermuda triangle or what's beed discussed above. Let's get back on track with the thread and talk about why SEO will move north. I believe Andy S was taking the mickey in his post.
tipton11
- 24 Feb 2005 17:07
- 1775 of 27111
it all seems to be taking a long time for anything tangible to appear...does anyone feel a 60 day exclusive option to anyone [however grand in volume terms] when there is considerable interest by others, is a mistake, particulary as no fee appears to have been paid...if asda reject for whatever reason [royalty too big etc.] seo and all of us will be up a gum tree.
stockdog
- 24 Feb 2005 17:29
- 1776 of 27111
I would think that 60 days is a pretty tight turnaround to negotiate conclusive heads of agreement for this deal.
I think ASDA may be considered to have paid an option fee by paying for the trials in the first place.
I think we're all a little impatient - what does 30 days matter over a 1, 2 or 5 year view?
Whilst we're waiting, we talk of triangles. What do you do with a triangle in a hairdresser's by the way?
SD
bosley
- 24 Feb 2005 17:39
- 1777 of 27111
tipton , if asda reject there will be others. there were others before asda, there will be others after asda, whatever happens.. seo was always going to rise. all that the asda trial has done is give us more profile. i disagree totally with your last remark.nothing has changed, the potential of seo is still the same. asda being interested merely confirms the potential. my feeling is that asda will do a deal because they are american owned and they want to be number one. seo's technology can help them do that. if they want an exclusive deal they will have to pay for that.
bosley
- 24 Feb 2005 17:48
- 1778 of 27111
sd, would love to talk triangles but it depends which ones you want to talk about. hypotenuse or isoseles?