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hebgb - Wed, 03 Jan 07 :

Yes, a bit harsh to call a double top on one days trading.

Charts are a waste of time at this stage of the game with a report just round the corner. We already know that good news is guaranteed; the only question is one of do you get in to enjoy the rise when the general market wakes up to this companies potential, or keep out hoping for a dip on selling from the ‘buy on the rumour, sell on the fact’ brigade.

Personally, I wouldn’t be at all surprised to see a small dip, or indeed a large gap up. For holders, fiddle trading at this stage is just not worth the candle unless you’re an addicted gambler.

My custom is to top slice baggers if I’m lucky enough to hold them. Unusually I’ve done the opposite with this one as I feel it certainly has the legs to go very much higher. Of course you have to take profits at some stage and if you feel a share is overstretching, fair enough. But the jumping in and out brigade generally lose far more than they could gain.


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