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Food for Thought, page-77

  1. 988 Posts.
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    I was going to ignore your recent post as they seem to be getting a little deceptive and this information is for others to see. You go far back and generalize a lot and ignore a lot and do not mention the caveats I place on my threads as opinion based often. You criticize charting and ignore the breakout preceding the time you scheme around where money was made by those who worked through it.​
    1. PIO Post #: 17515751 Cheynne 15/4/16​
      'There is now a breakout developing with good momentum. Place a 30 day moving average with a 13 day (WMA) - It is a moving average with more recent prices included. If you haven't got this setting a 13 day moving average will do instead.
      Place momentum in also. You will see a breakout definitely occurring. At last the longer moving averages are bending up.....
    2. This hit 10c intraday and closed 6.9c. On ASX charts working on closes 10c was never recorded
      so your claims that I followed it from 10c down are not correct,
    My trading confirmations confirms me buying from 8/4/16 @ 1.2c up to 2.5c totaling 1.5mil as a trading parcel over and above my current holds at that stage. These amounts hit lows near our own current share prices. My new transactions were to improve my existing outlay costs. My disclosure is complicated as I have a large initial holding, had a new trading holding and and placed a trading parcel into the fray also. I am certainly not going to put a sell disclosure on a breakout after a 4c target was reached as it would folly where it is every man for himself in these situations.
    If traders are given a breakout it is up to them to decide when and where to sell and be smart about it. This is not a situation for comrades to hold hands through the park. It is difficult handling these + parcels which are most times better to be placed under 10c in separate positions clear of that amount. There is no classification for my disclosure of hold buy and sell at the same time, so I leave them as held or buy. I have disclosed a few times that I trade when I hold.
    There was another smaller breakout triggered 13/10/17 from 1.9c to 4.4c.
    The chartists have held back for now after some failed moves due to the economy position and only report on strong movements when they occur from what I can see.
    The dollar averaging strategy is fairly sound around 3c at a low figure for first entry point and buying gradually on lower lows increasing as they bottom. I have been using this procedure myself and satisfied with my new second holding entry point.
    These older threads although relevant are peripheral now and my utd viewpoints are in my recent threads and I stick by them. They have caveats on them as opinions only..... “This an opinion not investment advice. DYOR “ “Just an opinion. “ etcetera.
    James, when criticized as being a down-ramper you said you are not and entitled to have an opposing view point and that is your right whether we like it or not.
    Well James, many of us have positive viewpoints of underlying fundamentals as we see them and cash-flow being received for the future; that is our right also for our viewpoint as we put our money in where we talk.
    Enjoy your day.
 
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