I've followed PTY since someone first mentioned it on CI in the summer (was it Fluff? ) and had two small successes.
I think it will recover again but would like to wait a little longer. I can't see it rising much above 200, however, and the spreads are usually too wide at this price to make a really good killing.
I would concur both look interesting from a TA point of view. Parity with 4 out of 5 indicators showing a possible buy, and if it could rise to 200, then whoopee nice profit to be made, but who knows where the Tech market will go.
Cattles has been in a uptrend since 16/10 but within a narrow range of approx 20 points and may be a play for the longer term.
As ever CAUTION is the watchword in these uncertain times.
Have to say I dont like either very much but I prefer Parity:macd lines have just crossed upward,mildly bullish harami candle pattern on weekly chart though not great volume.Has some resistance(trend lines) to overcome just above 150.
Cannot see much excitement in Cattles (so it will probably be taken over on Monday!!)
Macd has just turned negative and my systems gave sell signals at beginning of Dec. but it has retraced 50% of its recent move upwards so it might bounce a bit.
Another one down the pan.
Not heard anything on profits,cookie.
SETS matches your limit automatically and usually gives you the price you want.
SEAQ can mean you may need to negotiate a price ie you might not be able to trade on line unless your your order is buy/sell at best...not recommended.
I think thats correct.
ps does'nt SETS just cover the top 250 or 350 shares in the FTSE
[This message has been edited by shelman (edited 13-12-2000).]
Our fourth sacrifice on the altar of tech-mania is Parity Group, a consultancy. It showed solid growth for most of the 1990s, with pre-tax profits up from £600,000 to £23m in 1999. A year ago, the company was taking orders for website design and IT staff hand over fist. But then the Millennium came and went without disaster and companies cut back on technology investment. Parity issued a profits warning in May and on Friday the shares closed at 113.5p, compared with 337.5p at which we recommended them. Even at that level, they are trading at 19 times next forecast earnings per share and do not look cheap.