for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

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.

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

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.

sd, would love to talk triangles but it depends which ones you want to talk about. hypotenuse or isoseles?

I new bos would get technical.

Triangles what Triangles

They will be on about "Chart Patterns" next

Accord, apart from the FT book which I mentioned in my earlier message, and which is a good introduction, the best book I have ever seen on TA is "Encyclopedia of Chart Patterns" by Thomas Bulkowski. This is the only book on TA which I know of which provides a serious statistical analysis of each of the patterns he describes, backed up by back-analysing decade worth of share price data.

But this highlights the key point of TA - it is primarily a statistical tool and in order to profit from it you need to be willing, in my opinion, to trade a lot of shares frequently, keep your eye on them and sell the one which have failed in their pattern.

doug

I dont know what some of you are getting jittery about,,has SEO got something special,, yes,,are Asda ,Tesco, Sainsbury,,etc going to want it,,yes,, .There may be some ups and downs along the way but look back in a year or so.....JB

Yes, Jimmy, we agree, but back to TA for a moment, Bulkowski is a perfect example of trisyllabic serendipity. The first two syllables mean look at me whichever way you want, I can be your dream whatever it is. The third relates to the graceful decline in value of the pure chartist's portfolio.

moo moo

SD

well said jimmyb.i dont want to speak too soon but it does seem kind of embarrassing how happy i was when we hit 8p not too long ago.we are all sitting pretty on nice profit margins, and we all know there is going to be more coming soon; if not from the asda announcement then from someone else.
driver, you must be psychic...........

Stockdog have you been taking LSD , (no thats not an epic code)or did i miss something..JB..

Bull Cow Ski - the name of the TA author - geddit! You can be f****d whichever way you want and still lose money on the slippery slope as a pure TA trader. But now you come to mention it, those reds and blues would look a lot better if I did drop a couple.

El SD

dclinton: cheers for your reply.

Triangles/Candlesticks/Golden Crosses Whatever next??? I'm sure all of these are of use but the only thing I invest on is decent potential backed by fundamentals, yes I have made mistakes, usually trading when my portfolio has been boring but now I am reaping the rewards of those mistakes. Facts are, if you try to stick a candlestick with a golden cross on the top through a triangle you get the answer that SEO are about to breakout into something very large. Asda have 60day option to assess whether they are prepared to pay for a headstart on the others with this technology, for once the giant supermarkets don't have all the aces, well done Stanelco, Balchin and your team. Nothings changed, sp moving about at 10p higher than it was last year and waiting for next movement. It is the Alton Towers of the stock exchange, damn good rollercoaster and you get to keep your lunch!! On subject of golden crosses, apparently GLD has one of only seven on UK exchange at moment. Tipped by both IC/Shares as under-valued stock, I bought at 14.75p before either tipped it and one more good day and it will be my 3rd stock to be >100% profit this year. Take a look yourselves but it does seem a very undervalued tech stock which is making profits and growing.Happy days are here, for now and I still see >50p for SEO by the year end.

Ahh, but the great thing about chart patterns is that the more people who believe in them the better they work.

You take this SEO chart which is now showing a triangle almost at completion. There are a lot of people waiting to see which way it will break out and will jump on the perceived bandwagon, re-inforcing the move.

Of course, there could also be others waiting to take advantage of the first lot and will cause the pattern to fail and move sharply in the other direction.

The point is, that because there is something called a triangle pattern forming, that will cause a lot of people to behave in a certain way.

Personally, I think this company has tremendous potential and in the longer term the only way it is going to go is up. That's why I'm following the investors room, rather than the traders room.

doug

triangle-Ascending

The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.



from,
http://stockcharts.com/education/ChartAnalysis/triangle-Ascending.html

Massive 3.5 times: buys c.t. sells today..... tells me something is about to happen.....?

Interesting conversation today, oh yesterday now. I enjoyed stockdog's joke as usual but then he had to explain it - you might have guessed it was to do with animals. Don't believe its a triangle anyway. The ASC chart gives two good examples of triangles: the first ascending (as per Seine) and break-out is up; the second descending and the break-out is down. But these are over a reasonable period of time and the two-thirds rule pretty well applied. Not saying the next peak and trough aren't significant but its too early to determine what pattern is forming. As for the dialogue between Fundamentals and Technical Analysis: suffered last year by getting the timing wrong on a number of occasios; read Kahn's excellent book (FT) entitled Technical Analysis on the Christmas hols and now operating on the principle "stockpick on Fundamentals, time the transactions on technical analysis" - results are round about 60/40 positive which is good enough for the portfolio to grow apace.

Strange that there are doubts about the wisdom of the ASDA negotiations. In my view, the discussions are about how the deal is done, not whether: its a must for ASDA because they can't walk away and leave it to Tesco; they opbviously want exclusivity and the negotiations are about price against a period of exclusivity: two variables, price and length of exclusive deal. Simple so why make it more complicated? Monday may give some useful input: if not, not a problem and shouldn't adversely effect price; if it does, positive so that the jump in price will be spread over Monday and the ASDA announcement. Just hold on for the ride, folks!

Eric

morning all. all this technical analysis .......blimey! i wonder what will happen when an rns is released announcing the asda deal? it doesnt really need the techies does it? blue blue blue for today methinks.well it is friday and we nornally end fridays blue.

Missed Drivers commentary this morning - perhaps he overslept ??

Morning all.

I am starting to give in to having to read one of these books (as a little light relief from watching the screen all day), since, joking aprt, I think Eric is absoutely right to use fundies to pick and TA to buy/sell - I'm self-admittedly hopeless at this bit still.

Bosley, I am also with you in heart - why bother, it's going to go up soon enough.

SD