Wyckoff trading method, page-1875

Hyer Beany,

Ok, firstly, please do keep in mind that, like yourself and stacks of others, I'm on this thread to learn from the experienced posters like Jako, HoldFast, Incongruous, Melanova and others.

In a nutshell, I am keen to contribute to the threads but in no way is my intention to sound as knowledgeable because I am not. So please don't hold me for my views and please don't trade based on my suggestions either.

OFX - I may have suggested it, perhaps even posted a chart and I'm holding the stock.

I still believe it is a very good stock fundamentally and now that the management issues appear to have been ironed out the share price should reflect a more confident outlook come Reporting time. It is accumulating and, as Jako says, the risk is lower if you invest now but not as certain as if you patiently wait for a break-out and retest.

ISD - I have no strong views on this stock but my thoughts on a TA basis is that it may be accumulating ('may') but until you see some more encouraging price action I would continue to see it as in a Downtrend.

Fundamentally it looks ok but not a business that I feel comfortable investing in. But that's just my opinion. If you were to take a punt, I'd rather go for OFX. I would not be surprised if this starts moving very soon as the Interim Report is approaching.

Attaching chart for OFX

Master Jako and others - please guide us, don't be shy

Cheers,

soccer