1. Most Discussed
  2. Gainers & Losers

Don't be fooled by XAO rally today

  1. greenpastures

    5,769 Posts.

    XGP index price pillar has been neutral since 24/04/02 and has been in slight decline since 09/05/02. Unless it hits a higher high than 22/11/01 (post S11), I see no blue sky just yet. Do a reality check folks, its only NCP that is driving the XAO index today, and XAO is not the market. Most other stocks are weak to down (slipping). We are currently travelling @ 5km in a 100km zone, thats shocking! If we are to get from here (Earth) to the moon, we must at least start at 100km/h right? LOL. The max market spped I have recorded was durinf the decline, -400km/h for 2 months. Next highest was positive speed of about +200km/h. 100k/h is average kosher speed. So what gives brokers and analysts?

    Posting on a forum or sending out broker reports on a regular basis does not make one an expert in their field, just as going to Macdonalds on a regular basis does not make one a hamburger.

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.