RHC - Ramsay Health Care

[eMark]

Hello

I've noticed (when searching) that Ramsay Health Care hasn't had much discussion of late, if at all. I have bought and sold out of RHC many a time, with some nice profits. I would like the forums opinion on RHC in the present climate. It seems to have been doing a whole lot of nothing since May '06. Although it does have an annual report due out at the end of this month.

Thankyou

e Mark

 

[bunyip]

Hello

I've noticed (when searching) that Ramsay Health Care hasn't had much discussion of late, if at all. I have bought and sold out of RHC many a time, with some nice profits. I would like the forums opinion on RHC in the present climate. It seems to have been doing a whole lot of nothing since May '06. Although it does have an annual report due out at the end of this month.

Thankyou

e Mark

Ramsey is one of those stocks that's been sleepy for a while but has recently come to life. Shorter term trend has changed to up, longer term trend is not quite clear at present but is showing signs of changing from downtrend to uptrend.
On Balance Volume is rising, showing that the stock is coming under buying pressure.
Bear in mind though that Healthcare is one of the most bearish sectors in the Australian market.
If trading against the sector doesn't faze you, then Ramsey might be worth considering as a buy prospect when/if it pulls back temporarily, then takes off again.

Bunyip

 

[Phoenix]

I just shorted this stock today on open . I don't know about you people but my system has just given me a short signal.

 

[bunyip]

I just shorted this stock today on open . I don't know about you people but my system has just given me a short signal.

Phoenix

I'm interested in hearing more about this system of yours that told you to go short on the open today. Or is that classified information?

Because this stock is going against its sector, I wouldn't be enticed into buying it. But neither can I see any reason to short it at present.

Bunyip

 

[It's Snake Pliskin]

Hello

I've noticed (when searching) that Ramsay Health Care hasn't had much discussion of late, if at all. I have bought and sold out of RHC many a time, with some nice profits. I would like the forums opinion on RHC in the present climate. It seems to have been doing a whole lot of nothing since May '06. Although it does have an annual report due out at the end of this month.

Thankyou

e Mark

e Mark,

What were the catalysts for buying and selling before? And how is that different now, either technically or fundamentally?

 

[eMark]

Apologies for taking a while to return comment.

No real catalysts initially, (apart from Ramsays strong record to date) simply buying on the dips and selling on the highs.

Ramsay was one of the first stocks I ever traded.

On Thursday I sold out of RHC @ 9.78 because I was getting tired of the stock tripping over my BUY price @ 9.58 by 10-20c, and then slipping back under, and missing out on some decent profit. So finally I took some profit. What I was concerned about (i.e. why I didn't sell previously) was the fear that it would shoot up back over 10.00.

Yesterday I bought straight back in at Thursdays SELL price 9.78, because after holding on since May, and taking a little profit on Thursday I was not about to miss out on what I believe will be an impressive annual report from Ramsay on Monday 28th.

Did you see what happened to Healthscope....

What do others think about Monday’s upcoming annual report?

Cheers

eMark

p.s. Here's to Monday.

 

[It's Snake Pliskin]

Apologies for taking a while to return comment.

No real catalysts initially, (apart from Ramsays strong record to date) simply buying on the dips and selling on the highs.

Ramsay was one of the first stocks I ever traded.

On Thursday I sold out of RHC @ 9.78 because I was getting tired of the stock tripping over my BUY price @ 9.58 by 10-20c, and then slipping back under, and missing out on some decent profit. So finally I took some profit. What I was concerned about (i.e. why I didn't sell previously) was the fear that it would shoot up back over 10.00.

Yesterday I bought straight back in at Thursdays SELL price 9.78, because after holding on since May, and taking a little profit on Thursday I was not about to miss out on what I believe will be an impressive annual report from Ramsay on Monday 28th.

Did you see what happened to Healthscope....

What do others think about Monday’s upcoming annual report?

Cheers

eMark

p.s. Here's to Monday.

eMark,

Do you consider yourself a trader or investor? Technical or fundamental?

From your post you seem a bit influenced by the price and the report coming out suggesting both. It appears you have given your broker some money, too.

 

[eMark]

eMark,

Do you consider yourself a trader or investor? Technical or fundamental?

From your post you seem a bit influenced by the price and the report coming out suggesting both. It appears you have given your broker some money, too.

I admit I'm probably at this point more of a trader than an investor. I have only been "trading" for about a year. My sole objective at this point in time is too pay down a mortage, then look at where I'm going after that.

Fundamentals would also describe what I look too.

Not enough knowledge re technical.

But that's all ok, you have got to start somewhere.

 

[It's Snake Pliskin]

I admit I'm probably at this point more of a trader than an investor. I have only been "trading" for about a year. My sole objective at this point in time is too pay down a mortage, then look at where I'm going after that.

Fundamentals would also describe what I look too.

Not enough knowledge re technical.

But that's all ok, you have got to start somewhere.

It appears you got hammered today!

 

[Dutchy3]

Hi All

This stock is Dristributing heavily. Volumes are up considerably on the run up since start 2003. Only question is are stronger hands taking the volumes or is the smart money selling out to others. The big week back in 03/03/06 should of bought much higher prices ... and it didn't.

If I was long I'd happily take my profits and look for greener pastures.

 

[It's Snake Pliskin]

Hi All

This stock is Dristributing heavily. Volumes are up considerably on the run up since start 2003. Only question is are stronger hands taking the volumes or is the smart money selling out to others. The big week back in 03/03/06 should of bought much higher prices ... and it didn't.

If I was long I'd happily take my profits and look for greener pastures.

Yes that big volume day!

 

[eMark]

It appears you got hammered today!

Well I'm glad you have derived pleasure in someone elses drop.

Maybe you could consider dispensing some insight into what you think about this stock, the sector and anything else that would be helpful next time.

 

[Phoenix]

Hi Mark

I'm srry i didn't reply earlier but i only saw this thread come to life today and found i hadn't answered your question. So here it goes .

My system is completely mechanical with neural networks added in. Generaly it uses bollinger bands and rsi along with 3 moving averages. I follow all the standard rules of trading by using a trailing stop e.t.c. The neural networks are there only as a guide line. If you back test any system the most wins your going to get realistically is about 50%, while with neural networks i can get around 80%. Thats all wonderful and great but neural networks have one major draw back they suck bad in down trending stocks (ie it will say buy and keep you with the stock all the way through the down trend). But by combining the signals together of the neural network system with this custom system i get far better trading results. Following trend lines and stock news also helps.

 

[It's Snake Pliskin]

Well I'm glad you have derived pleasure in someone elses drop.

Maybe you could consider dispensing some insight into what you think about this stock, the sector and anything else that would be helpful next time.

So it seems you have taken what was clearly a joke, note the smilie, as offence. It was not the intention. :1zhelp:

If you are looking for advice you should not look at forums. It appears you have no trading methodology, plan or belief system about the market. You may be a random walker, I don`t know. Clearly you would not be seeking comfort from people who may well be taking the money out of your pockets.

Here`s how it goes: This is all for you, dispense I will, however I don`t know your holding intention, your trading plan, methodolgies etc. So, whatever I say will be useless because it is only suited to me and the way I view the market, stock etc. I have a trading plan, methodolgies, convictions etc.

Your comments prior:

No real catalysts initially, (apart from Ramsays strong record to date) simply buying on the dips and selling on the highs.

rule 1: don`t fall in love with companies.

I admit I'm probably at this point more of a trader than an investor. I have only been "trading" for about a year. My sole objective at this point in time is too pay down a mortage, then look at where I'm going after that.

Fundamentals would also describe what I look too.

Not enough knowledge re technical.

So if you look to fundamentals why buy and sell so much? The fundamental time frame is generally longer - investing.

I suggest you decide which you want to be: a speculator or investor. Then you can get some education re: the technical approach. Be warned it is a minefield of hit and miss approaches, then there is the mechanical vs discretionary debate etc.

For me:
RHC was becoming a buy before the announcement, but after, it was clearly not a buy. But this doesn`t mean much as I have pointed out above.

Next time give something to work with and we can have a real good chat.

Take care now.
Snake

 

[eMark]

So it seems you have taken what was clearly a joke, note the smilie, as offence. It was not the intention. :1zhelp:

If you are looking for advice you should not look at forums. It appears you have no trading methodology, plan or belief system about the market. You may be a random walker, I don`t know. Clearly you would not be seeking comfort from people who may well be taking the money out of your pockets.

Here`s how it goes: This is all for you, dispense I will, however I don`t know your holding intention, your trading plan, methodolgies etc. So, whatever I say will be useless because it is only suited to me and the way I view the market, stock etc. I have a trading plan, methodolgies, convictions etc.

Your comments prior:



rule 1: don`t fall in love with companies.



So if you look to fundamentals why buy and sell so much? The fundamental time frame is generally longer - investing.

I suggest you decide which you want to be: a speculator or investor. Then you can get some education re: the technical approach. Be warned it is a minefield of hit and miss approaches, then there is the mechanical vs discretionary debate etc.

For me:
RHC was becoming a buy before the announcement, but after, it was clearly not a buy. But this doesn`t mean much as I have pointed out above.

Next time give something to work with and we can have a real good chat.

Take care now.
Snake

Well Snake, you have pretty much hit the nail on the head. I've only been "trading" for about a year, and apart from "watching" a few companies over the last year (ie what their share price does from week to week, and where they sit in the week to week climate), I am really still forming what kind of investor and/or trader I am.

Yes I speculate with some, and some I know I really should hold due to their "fundamentals". But the tempatation to make money can be overpowering.

Yeah I guess I did take offence, but you know how us sensitive types are I would love to have the time to really educate myself on the inner technical workings of the markets, but I work full time etc. Yeah I know, bla bla bla, I need to make the time. It fascinates me the detail some people go into (obviously for reason)

I hope we can keep in touch, you certainly have a long history on here.

Here's to Ramsay

eMark

 

[It's Snake Pliskin]

Well Snake, you have pretty much hit the nail on the head. I've only been "trading" for about a year, and apart from "watching" a few companies over the last year (ie what their share price does from week to week, and where they sit in the week to week climate), I am really still forming what kind of investor and/or trader I am.

Yes I speculate with some, and some I know I really should hold due to their "fundamentals". But the tempatation to make money can be overpowering.
Yeah I guess I did take offence, but you know how us sensitive types are I would love to have the time to really educate myself on the inner technical workings of the markets, but I work full time etc. Yeah I know, bla bla bla, I need to make the time. It fascinates me the detail some people go into (obviously for reason)

I hope we can keep in touch, you certainly have a long history on here.

Here's to Ramsay

eMark

eMark,

Make the money without the temptation and you will become a master trader. Being sensitive in the markets is a no,no!

Look at the beginner thread for info on technicals etc.

Here`s to smilies :bigun2:

 

[Hansel]

I just wanted to get anyones thoughts on a potential break out from $11. RHC closed at $11.05 today, could be a potential buy if it continues above this.

 

[Kauri]

I just wanted to get anyones thoughts on a potential break out from $11. RHC closed at $11.05 today, could be a potential buy if it continues above this.

I'm waiting for a good move through $11.20, but lately it seems every up day is followed by a down day. However, my having said that is enough reason for it to take off..

 

[murbella]

Hi All,

I'm thinking about buying into RHC with a long term view. In my opinion, current reports etc appear to indicate good management and the price is around what I feel is fair value. Given that I'm a newbie I'd appreciate any thoughts from the forum.

Cheers,
Murbella

 

[Kuri]

This thread seems to have been quiet for a long time. The rumours are starting about a possiible capital rasing for Ramsay which should give the stock some interest one way or the other. My only concern is with it's high debt. As one analyst quipped "it is enough to make a sailor blush". Anybody else having a look at a play at the raising?

Kuri