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Graph from Bigcharts.com.
Diary of share price movement.
- 18/02/02 This company has been responding to the share price capacity since early 1997. However, the degree of stability in the share price indicates that the company is holding its own against market forces. In early 1999 and again in late 2000 there were signifcant share price increases, followed by a period of chaos. The latest cycle of chaos has been more volatile, indicating that the share price capacity is too high at US$120 and a decline back to the $90-100 range is possible. Speculators in this stock should buy if the stock falls below $90 and sell if the stock reaches $125. The share price performance pattern has been quite consistent throughout the company's history, indicating that this is an investment showing returns over 5 to 10 years.
- 14/04/02 The share price of $125 has already been achieved. In the short term (2 months), $130 is possible. This share seems a good long term investment, although over 12 months, the share price may level out and even fall.
- 18/05/02 $130 was attained quicker than expected. This is the type of trend one needs to ride as far as possible, but also identify when to jump off. The rate of increase is still healthy, indicating that US$140 is easily attainable within 2 months, without serious chaotic behaviour kicking in.
- 31/12/2003 The rate of increase in the latter half of 2003 indicates that a period of chaos may develop. The share prices do not correspond with the above mention values, but the trend is towards chaos. Switch to another share now.
- 22/5/2004 This share is still chaotic and unpredictable. Stability for this share is below $80.
- 15/7/2005. The share price is currently stable, so the trend will be upward to about $80 by early or mid 2006.
- 04/06/2006. This share is in a large chaotic pattern and so likely to decline in 2006.
- 04/08. This is a chaotic share. Avoid or gamble on the highs. The gambler can buy now at under $80 and sell as soon as the share hits $90 in 2008. In the longer term this is a stable share so long as there are no big share price increases that escalate the chaotic behaviour. This share is currently leaping or oscillating between 4 periods, so with careful management stability can be induced. A rush of investment from speculators would be deadly.
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