TIM 0.00% 4.4¢ timbercorp limited

on time ..... lifts off lows .....

  1. 5,411 Posts.
    Hi folks,

    So, our next key date for TIM arrived over the
    weekend and what happened today?

    ..... depth in TIM has strengthened considerably
    today and the price has picked up off the lows
    of its flat trading channel from 51 - 61 cents.

    Certainly, looks a whole lot better that it did
    a week ago .....

    Buyers seem to be shrugging off the $40 million
    debenture issue, so .61 is the next target and
    on breaching that level, some keen buying can
    be expected.

    It has been a drawn out ride on TIM, but since
    it has responded on the projected cycle, we'll
    stick around, until the next key date 11042003.

    TIM features in CAETT as a stock, where we
    projected the low on 31072001 ..... yes, it
    was a real trade.

    Let's see if it has enough legs to get above
    .65 by our next time target on 10042003.

    happy trading

    yogi

    --------------

    --- In [email protected], "yogi" wrote:
    > Hi folks,
    >
    > Entered TIM last month and have
    > been looking on it as a steady
    > medium-term earner .....
    >
    > TIM has bounced off support at .52
    > and started to lift off late today,
    > near the close.
    >
    > Resistance expected at about:
    >
    > .60 - .65 - .73 - .83 - .91 - .96
    >
    > Key dates may be 220203 and 110403.
    >
    > There's been a lot of positive talk
    > from the analysts about the fundamentals
    > on this one too.
    >
    > Will post a chart later, to show the
    > relationship between a past breakout,
    > and the lift off its lows today.
    >
    > -------


 
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