WEB, HWT

[Richard Willoughby]

the trans figures should be released in next couple of days, depending on them direction of sp. if they hold last months figures i intend to buy more
if price doesnt go dramatically in either direction. i think figures will be good
but .......? it would be very good to know the visit numbers to webjet site, i wish they had a counter on the site.

 

[Richard Willoughby]

trans figures released today 13million, down a bit on last 2 record months(14.1,14.5) still a good figure but i think sp will probably come back a bit. i sold some today and will wait for the next couple of weeks and see what happens.

 

[el_ninj0]

Steep downtrend going on at the moment. Could be a good time to pickup some cheap shares. Might wait a bit longer though and see how far it will fall.
I have no idea how far it will go, but i beleive the comment has been made before...: confucious say try to pick bottom and get smelly finger.
So bottom picking is out.

Whats everyone elses thoughts?

 

[Richard Willoughby]

i agree, i'm going to wait a bit longer think it may find a lot of support around .29/.30 mark but who knows..... fair volume tues but i'm just going to watch(i think) for a few more days...def agree with no bottom picking its hard to say where the bottom is a lot of money made so profit could still be taken at .30 level...i think it will consolidate around .30 but..? the last trans figs taking into account bombs etc were not too bad maybe this drop is more to do with going to hard to quick ..
cu

 

[Kauri]

May be a good level to see if it forms some sort of reversal..

 

[Richard Willoughby]

i agree, bottom picking out who knows the bottom a lot of profits still could be taken, i feel probably consolidate around.29/.30 seems to be support there but am guessing. i'm going to wait(i think) for a few more days and see what happens, no reports due from co until next trans figs about 3/12/05 so perhaps sp will stabilise and not do anything extreme. last trans figure not that bad so perhaps this down is more to do with too much too quick..maybe i sold all .39/.38 so am happy at the moment.
cu

edit : sorry didnt think my last post made it so did it again

 

[Kauri]

Got set at .355c today... looking for .505 in near future.
I hope :santa: is good to me this year.

 

[Richard Willoughby]

the reversal was well tipped kauri, i still have'nt got back in yet which means it will prob go like crazy.... anyway i am keeping a close eye on it.. i just think it may come back some more on the basis of no news for a while, but am prob wrong. i'm confident that sometime in the future web will do something real good. i've been more fundamentals but am rapidly starting to change my attitude to tech.

 

[TjamesX]

The travel agency business sure does change quickly,

I decided to get out a few weeks ago for an overall 5% loss after flight centre started advertising their web portal heavily and the trans volumes had stalled.....

Now today Qantas has revealed;

Under the new structure, Australian domestic, trans-Tasman and New Zealand domestic base commissions, currently 1%, would be discontinued.

That does change the fundamental picture just a tad.

WEB down 10%
FLT down 12%

WEB may fall below 30c tomorrow, and considering these guys would live off flight ticket commissions I'm not really willing to jump back in any time soon....

 

[el_ninj0]

T/A:

Its had its dip, and gettin ready to jump again i think. I was thinking this might come down a bit more, but looking at the chart again, its had its fall for now(speculation).

Wish i'd picked this one for the tipping comp.

 

[serp]

I reckon both web and flt still have a bit more fall in them.

 

[Richard Willoughby]

news from quantas cant be good, but not sure how bad. david clarke is welcoming news based on volume service fees still being paid and as web is top internet seller perhaps they will gain trans figs at the expense of others?
when fees reduced from 5% to1% it knocked web for awhile until trans figs built up.. maybe it will knock some others out.. last months trans figs were slight improvement on previous month. i went in at .35 took the loss out .31 i think i'll stay out for awhile and watch. web announced they will not be putting out their monthly trans figs, wish they would keep doing that..
cu tricky

 

[Richard Willoughby]

went back in at .36. web do in fact charge a transaction fee to its customers so i guess on an $80 trans 1% is only .80 cents they will prob just increase trans fees slightly to make up the diff. well el_ninjo another victory for t/a what was the main indicator to you, the double test of bottom?. seems to be on a roll now.
cu tricky

 

[tech/a]

If interested

 

[GreatPig]

Here's my interpretation of Web.

Not sure if that's a valid cup fit, but it seems reasonable to me. And I might be stretching my imagination a little here , but could that perhaps be interpreted as a diamond reversal pattern in the middle of the cup?

Anyway, I bought in today at 38.5 cents. My system gave a buy signal four days ago, meaning I should have bought on the last red candle day, but I wanted to see if it would break above the left-hand side of the cup (15/11) first, which it did today (actually it just did yesterday).

If that is a valid cup, I estimate the target should be about 43 or 44 cents. Looks like there could be some resistance at 40 cents though - perhaps to create a handle?

Cheers,
GP

 

[Richard Willoughby]

Great Pig & Tech/a i am very interested in your responses have slowly come to believe in ta. the form known/unknown is i believe in the price(same as the dogs) web on a roll now the 6 monthly figs should be very good trans values of $80 mil. tech/a i went off to look at eliot waves and got sidetracked with stoch slow stc 20%k 9 d pattern now is very similiar to 1/6/05 which was start of very good 4 months. not sure how good an indicator stc is but it does seem to add to the + side. will look at eliot soon until now i was'nt aware of them have just started(2 mths) to seriously look at t/a.
cu tricky

 

[tech/a]

Richard.
Its all smoke and mirrors!

After 11 yrs of technical analysis investigation my conclusion is that all forms of analysis both fundamental and technical give us a basic starting point.

Their ability to be predictive is a misnomer and their capacity to exit again no more than a basic finishing point.

All important none the less---

Correct use of analysis being an important key to its deployment and success.
Often analysis molded to suit an arguement will result in less than spectacular,and more dissappointing outcomes.

A simple hint is that if you have to look for an analytic confirmation and it doesnt stand out like a shark in a swimming pool--then its not there!

The final secret is to combine and implement any analysis into a profitable trading methodology which is CONSISTANT.
Analysis then becomes a tool in that methodologies construction.

 

[GreatPig]

Wow, it's already at my 43-44 cent cup target.

Have to keep a close eye on what happens now.

Cheers,
GP

 

[tech/a]

Wave 5's are around the same length as wave 3's
Making a target of around 71c.

This leg is likely to be made up of 5 waves within this final wave.

 

[GreatPig]

Wave 5's are around the same length as wave 3's
Making a target of around 71c.

If it is a wave 5.

While that count does look a bit neater, I can also potentially see it one step further advanced by starting one wave back.

But hey... I'm all for it being a wave 5 as well

Cheers,
GP