Ainsworth Lumber Co Ltd ANSBF

estebancaballo

[louel]

Talking about Technicals.   Warren Buffet refers to the price chart,.  Has mentioned that when a stock trading below its 50 and 200 day averages is trading  weak as compared to those above.   He compares a stock  to its industry average.   Those are technical trading aspects.      He uses technicals  he just doesn't  knoe it.  Includes it all as fundamentals.  Much of it is intertwined.

[estebancaballo]

Right. I have learnt to keep an open mind and will do so......I do look at 200 day moving averages bollinger bands, etc. and use this info to see where a stock has been and where it is trading in terms of its peers...what I don't do is try to guess where the stock is heading based on the charts - that is where I think people go wrong. It is just like looking at a map that ends exactly at the

[louel]

Actually I could name you 10 or more  Not comparable with Warren Buffet but there are not many fundamentalists in his category either.    Harry Boxer, Martha Stolks,  Richard Wycoff, Toni Turner, Jim Farrish, Steve Nison. and the list goes on.    They are all Technical traders and trading instructors. All who have became millionaires through

[estebancaballo]

Fair enough L. Thanks for the background info....highly educational! I fully agree with your way of using tech/chart analysis.....I don't think that everyone does it that way, however, and still think that the predictive nature of the analysis is overrated. As you said, it is not predictive...........

[PAGODA5]

Riddle me this....why are speculators driving up the Australian $$?   The Australian $ is a marker for commodities?  This market is f'ed up.  

[BCsilver]

interest rate gap in Australia’s favour over the likes of the US, Japan, most of the eurozone, the UK and Canada

[PAGODA5]

Yes I see it is at 3 percent.  For some reason, I didn't think there rates were so high.  I can't see them maintaining that given they are a major exporter.  

[PAGODA5]

It looks to me that the OISB train has left the station.  I don't think you have much more upside in this stock.  It can't push through $4 and hold it.