Personal Positions NZ Market

My personal position on NZ Market.
I ll try to keep it updated in this blog (at least fortnightly).

Bye bye.

The Purple Prince-trader

Short USD vs NZD and AUD

I want to show you 2 quick operations I opened this morning :
1) short USD-NZD
2) short USD-AUD

technical signal as you can see above (they are both oversold in their short term momentum)

See you soon
Bye

My Account

Just to show you how I'm operating in these days with my new account.

Bye Bye.
See you soon.
The Purple Princetrader

Currency Lookout (17th Aug 08)

I think the last week at the Reserve Bank's Office in Wellington has been very HOT !
On the 13th of August Bollard started calling all the Banks and asking them to BUY - BUY - BUY the National Currency. Probably he called also in China and Japan to find an HELP.
Otherwise ............. Guys, close all the doors and put outside the notice :
SOLD OUT !!!



In America in the meantime the Executive Order was :
"Keep buying US Dollar, whatever the cost !"
Also there the armchairs are very hot.

It's time to buy Us Dollar ?
It's time to buy NZ Dollar ?

Not yet, my friends !
Before, Let them play their game.

Like a wise old man we stay at the river's border waiting for the right moment to throw the fish-hook.

See you later.
Bye

Drawn on NZ Herald Article

A person really competent, on my opinion, is Mr Brian Gaynor who usually writes good and technical article on NZ Herald business section. In his last, I read about his consideration about the 3 most important company on the New Zealand Financial Market.
2 of them I've already said my idea, and it's well known for who's been following me since I opened this blog (you can have a look a this previous post : http://nztechnicalanalysisabroad.blogspot.com/2008/05/telstra-vs-telecom-nz.html
http://nztechnicalanalysisabroad.blogspot.com/2008/06/telecom-update.html
http://nztechnicalanalysisabroad.blogspot.com/2008/07/telecom-what-to-do.html)
Anyway, I wanted to update my view on Telstra and overall on Fletcher, whom I 've never talked about it. You could find something interesting, I think.
In brief......
Telstra will become really good only if it can break area 6.00 Dollar and with strong Volume.
Fletcher, on the contrary, may be good right now !
I think this share can over-performance in the next weeks, even if only for short time.
If Monday it opens positive, I m gonna buy it and I will put a stop loss just some ticks under the Thursday low.

Have a good trade !
Bye

The Purple Prince

NZ50 Index - Update 16th August 2008

Nothing is changed !!
The NZ50 Index is following the prediction. Everything under control.
So..... keep going dear fellows.

Bye
The Purple Prince

NZ50 Index - Update

Everything under control !
The NZ50 Index is moving following my forecasts.
I'm still positive for short term.
The Long Term view is always negative.
On my opinion this is only a rebound, nothing more.
How long can it last ?
Probably till the end of summer in New York.
As I said last month there are some interesting share to buy in this moment, but you must be very clever to find out them.
One for example could be ...... Johnson & Johnson (NYSE:JNJ).
It could be good also for the currency.
Don't you think so ?

Bye

Update NZ50 Index

nothing change at the moment .....
Next 2 days will be very important.
Tonight they are going to play an important match in Wall Street.
Stay tuned !
See you on tomorrow.

Bye

Despite Moody's

Despite their outlook, I m still positive in this share.
Risk-Reward absolutely fantastic.
This is a Warrent Buffet's modus operandi.
Nothing 's gonna change my mind, unless the Oil Future price.


Bye
The Purple Prince