Pacific Dunlop 13/7/99 Times up
Over recent years, June has been an interesting month for PDP; always a
change in trend, some of the trend changes more important than others.
I'll wager we've just seen the same effect this June; probably involving
tax loss selling prior to financial year end. (I was waiting for this on
June 29, to buy) One get small trading moves out of this sometimes where a
pattern develops, though in this instance I'd rather have bought if the
stock had been trending up, not after the breaking of important support at
$2.55. The weight of money [those judges] are against me here.
It is much better to try to stack the odds in your favour. The break of
support at $2.55 was a likely move, and the chart was showing as much
beforehand.
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