KZL 0.00% 12.0¢ kagara ltd

re-entry 1.21, page-7

  1. 1,548 Posts.
    Remember all the big guns just want to take your money as do the scalpers, after a while you read their games, and the direction of the sp. It becomes easy. KZL is on a long term uptrend, trading in a range, it will continue this way for a while. We have very little control over the direction on a day-to-day basis, unless you own a high volume of shares, or have plenty of cash to manipulate the direction of the sp. The SP was cleverly brought down to the 97c support level, and went up quietly over xmas. The same games will continue to be played - leading up to corp earnings from the US - guarantee it will be pushed down, until you're sweating and feel obliged to sell, only to hear corp earnings aren't that bad and the SP rises in the fastest of flashes. I think this qtr earnings will be a mixed bag, as companies approach or have approached their fair value. The optimism will not be as as high as say March/Jul '09 when earnings beat all analyst expectations. If you're in this long term though, SP is cheap right now in terms of fwd P/E.
 
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