CZZ - Capilano Honey

[Value Collector]

As a value collector, do you still see value in the company ie are you still accumulating?

except for taking a bit of stock in the capital raising, I haven't purchased any shares in CZZ for a over 4 years, but I have also never sold any, you can see in the annual report my holding hasn't changed for 4 years except for adding some in the 2016 cap raising.

But yes I see value in the company, I think it's a good place to have some of my equity stored, I think the company will grow over time at a satisfactory rate, and profit growth will outpace inflation, I am happy to collect what I believe will be a growing dividend from a growing company.

 

[fiftyeight]

I had a look at the annual report and couldn't find VC as a substantial holder

Thanks for the reply, sheds some light on what I was pondering

 

[pixel]

My sentiment as well, VC
Even though I'm not on the Top 20 list, I do hold a Long position that I intend to increase once the chart tells me a bottom is in place and can be trusted to hold.
Today's chart suggests we might be "nearly there"

but I have to say this: For the last AGM, I had submitted a question about the legal case against the pesky blogger, and I am very disappointed that they kept silent - both at the AGM and in subsequent news releases. It seems the slander continues unabated, and that might well create an impression "some mud always sticks". And that stinks.

 

[pixel]

Chart after the final Close was even better, although, with the day's vwap of $14.72 still well below the breakout level, that could have been stage-managed.

 

[pixel]

still waiting for the break above $15.50
if it happens, the optimist in me considers a Double Bottom pattern possible.

 

[pixel]

still waiting for the break above $15.50

so far, so good.
Now it i

s $16.50's turn

 

[tech/a]

Nice Pixel

I like that volume thrust through as well.
Nice little consolidation on diminishing volume.
Bit of a coil I think!

 

[pixel]

Nice Pixel

I like that volume thrust through as well.
Nice little consolidation on diminishing volume.
Bit of a coil I think!

Today could well be The Day

 

[tech/a]

TWANG

 

[pixel]

TWANG

Make that "BINGO"

 

[pixel]

This is dragging out into one helluva long pennant.
Volume required to break out of the box...

 

[pixel]

Breakout Alert. 1st target $17, most likely higher

 

[pixel]

Breakout Alert. 1st target $17, most likely higher

My charting software had a little hiccup on Friday. Here is the breakout, including the requisite patterns that caught my attention early enough.

It could pop out further and shape a Cup & Handle. That would invite some more accumulation. On the flip side, I have raised my trailing stop to $16.50.

 

[rnr]

My charting software had a little hiccup on Friday. Here is the breakout, including the requisite patterns that caught my attention early enough.

View attachment 73207

It could pop out further and shape a Cup & Handle. That would invite some more accumulation. On the flip side, I have raised my trailing stop to $16.50.

Hi Pixel,
Do you mind disclosing your MACD settings please?

 

[pixel]

Hi Pixel,
Do you mind disclosing your MACD settings please?

No problem, @mr
The short answer: I use 3, 13, 8
The long answer and rationale can be found here:
http://rettmer.com.au/TrinityHome/Trinity/MACD slides.pps

 

[pixel]

AGM held today.
Reports are looking good and the Market reacted positively. Going by the voting results (less than 3% grizzling over Remuneration) it looks like it's been a Love Fest.
Will be interesting to see whether $17 becomes the new support and holds next week.
I've added some more last month on the way up; now sitting "sweet"

 

[pixel]

Approaching resistance again.
A pullback from here will set the stage for a likely Cup & Handle Pattern. Or the price could break straight through and into "blue sky". Smallish volume suggests the former, but I've covered the bases by adding on the way up towards $17.

 

[Value Collector]

Or the price could break straight through and into "blue sky".

lol, so far it looks like she heading for your blue sky, she's on a tear this morning.

 

[pixel]

lol, so far it looks like she heading for your blue sky, she's on a tear this morning.

Looking sweet indeed; but it seems my theoretical taget of $19.10 is "the one" - or close enough. Total shares on offer are exceeding the buying interest by a small margin, so it's possible we'll see a pullback from here. The Trader in me is willing to take at least part profit and reload again at around $17.50.

 

[kid hustlr]

Looking sweet indeed; but it seems my theoretical taget of $19.10 is "the one" - or close enough. Total shares on offer are exceeding the buying interest by a small margin, so it's possible we'll see a pullback from here. The Trader in me is willing to take at least part profit and reload again at around $17.50.

Considered the same Pixel a retrace from here wouldn't surprise me but I need to remember what game I'm playing!