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By the build up from 96c dated the 25/9/03
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Date Posted: 27/09/03 12:35:31pm
Author Topic: Opinions on ERG trading aspect sought
bonkers
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posted 25-09-2003 01:08 PM
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By the build up from 96c dated the 25/9/03--huge amount of money going into the stock--rising from that point--I would say even though it hasn't been announced yet--re MTC meeting--that ERG have got San Fran 2.
BK.
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bonkers
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posted 25-09-2003 01:12 PM
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A 1 dollar valuation has been obtained dated the 25/9/03.
http://www.80stvthemes.com/ra/51999/COKE82VID.ra
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bonkers
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posted 25-09-2003 01:18 PM
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I would like to say I'm not a bulltwang artist you know--I really am building up afresh--and I really am wiped out on the market--do not think I've put on a BB show here that is not real and genuine. --BK (Steve.
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bonkers
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posted 25-09-2003 01:30 PM
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I'm not using the BB in a promotional sense either negatively or positively--just truthfully and factually--believe me with the pressures I've been under--it would be easy to ramp like crazy--it achieves no useful end--I don't believe in it--just the truth and accuracy--that is all.--BK.
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bonkers
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posted 25-09-2003 02:01 PM
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BB's are full of short term traders--I am flat out in 4 years thinking of one investor--I'm reasonably well known through BB's--over the years the daytrader contacts--theri only wish is to manipulate--they never read a BB for info--all they want is herdal--they already know the info--I say to them well if you bothered to read anything that is posted--you wouldn't have any anxieties over ERG--you wouldn't place pressures (that I don't need) onto me--and you'd know how to value appropiately--but no it is a constant game I play though BB's--it's an unwilling game on my part--I find myself in it. I don't wish to be in it.--Just the stockmarket--I do stockmarket--not peoples heads. My head is stuffed enough--without being stuffed any further.--BK.
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bonkers
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posted 25-09-2003 03:24 PM
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Out of respect for the sensitivities of both shorter and shortee--I'm not going to make any more short term comments on ERG--I am going to just simply say--that on both a charting and fundamental perspective at this stage in the reconstructive process for ERG--based on an accredited understanding of it's accounts and years of stockmarket experience--backed up by factual analysis. The valuation of 1 dollar for ERG is appropiate--so whatever it does from this point--for the reasons stated I value at a dollar.
No further posts--best wishes to everybody.
BK.
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bonkers
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posted 26-09-2003 01:09 PM
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The same coutesy is not done to me--noted my IP protocl pinched and a recent post deleted at Stockhouse (truly mind numbing behaviour) Translink full approved--just taking down notes of meeting the MTC had at the moment--AC transit are particuarly aggresive in installing the system--below is a news article from BART website--they have finally said yes---so now all transit operators have agreed.--no further posts--please note the cyclical nature of the share--dates and times are very important.--Best wishes everybody--let me rue the day I ever posted on a BB.---Steve.
http://www.bart.gov/news/press/news_8739.asp
BART moves ahead with regional "smart card"
09.25.2003
The BART Board of Directors approved moving ahead with a regional smart card program called "TransLink" which will provide a single universal fare instrument for travel on the region's major transit systems.
The approval by the BART Board reflects agreement reached with the Metropolitan Transportation Commission (MTC) to ensure BART customers who opt to use TransLink will continue to have access to key services and options available with the existing BART ticket.
Thomas Margro, BART's General Manager, said the agreement will provide an attractive and convenient product to BART's customers and help ensure a strong market for TransLink.
"The agreement will ensure that BART customers receive the same level of benefits from use of the TransLink card as are available to other transit system customers," Margro said.
"We will now be able to continue to offer the 6.25 percent discount currently available to BART high value ticket customers with the added convenience of a single regional smart card." The agreement also ensures that customers will be able to add value into the TransLink cards in BART stations from the ticket vending machines and not be limited to only adding value at offsite locations, or by using the "auto-load" feature.
"This will make replenishing the TransLink cards with value when needed, easy and convenient," Margro said.
The TransLink card, which has completed the first phase of a pilot program begun January, 2002, acts as a debit card which is simply reloaded when the value is low or used up.
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muscle bunny
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Posts: 350
From: Perth
Registered: Mar 2002
posted 26-09-2003 02:00 PM
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Hi Bonkers, you said “.....
I have found as a general rule--odd numbers are bullish--even numbers are bearish--this is true when the share price goes down as well as up. Odd is bullish if you are shorting it downwards--as well as when you are shorting it upwards.—BK”
May I question a couple of things which have caught my eye. Shorting it upwards???
Is this an error of speech or actually something I am not aware of. Can you expand on this please?
How can a number be both bullish going long as well as short? Is that if taken into consideration of its trend? Ie bullish long if trend upward, bullish short if trend downward.
Odd numbers bullish, even numbers bearish?
How have you come by this?
Have you actually tested this out somehow with backtests, do you have proof of this from other sources?
An interesting theory which I hadn’t heard of before.
Odd numbers being eg 70 cents or 71 cents?
Even numbers being eg 60 cents or 66 cents?
What about 1 dollar, is this an odd or an even? (may be seen as $1.00-odd or 100cents-even)
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bonkers
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posted 26-09-2003 03:04 PM
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ERG goes begging at a dollar both on a fundamental and technical basis--I lost an ip protocol grabbing game on BB's--I got the stockmarket right though---Lazio signed.--BK.
Rome finalization announcement
j:\media\2003 - 2004\romecontractsigningsept03.doc
DATE 26 September 2003
CONTACT Shaun Duffy – General Manager Investor Relations
PHONE +61 8 9273 1879
FAX +61 8 9273 1208
EMAIL sduffy@erggroup.com
Rome Restructure Contracts Signed
ERG Group is pleased to announce that the contracts for the restructure of its Rome–ATAC
project, as announced to the market on 3 September 2003, have now been signed.
A total of $50.8 million is payable to ERG as follows:
• $27.9 million as the first instalment of the purchase for the ticketing hardware. This
amount is payable within 15 days of signing ($10.2 million of it has already been
paid). A further $7.8 million is due within six months.
• $10.0 million for the rights to use ERG’s software, payable within one month.
• $5.1 million for additional software and training services, payable within a maximum
of 12 months.
ERG and ATAC—the Rome public transport agency—have agreed the process for
establishing a new company to operate the Rome system. The joint venture company, to
be owned 30% by ERG, will have an eight-year contract to operate the ticketing system and
is expected to earn annual revenues of $35–40 million. The new company will also pay
ERG an annual licence and software maintenance fee of $1.9 million.
The immediate profit and loss impact of the restructure to ERG will be neutral; however, the
removal of annual depreciation charges of approximately $7 million will have a positive
impact moving forward.
The transaction leaves the Group with substantial cash reserves.
–END–
BACKGROUND INFORMATION
ERG Group
The ERG Group is a world leader in the development and supply of integrated fare
management and software systems for the transit industry, and for its smart card systems
and services. The Group has installed systems in major cities throughout the world
including Hong Kong, Melbourne, Rome, San Francisco and Singapore with installations in
progress in Gothenburg, Seattle, Stockholm, Sydney and Washington DC. ERG has
delivered systems that support more than 20 million smart cards in circulation and handle
__ September 2003
Rome Restructure Contracts Signed
approximately 5 billion transactions per annum. ERG is an Australian-based company, listed on the
Australian Stock Exchange and employs 800 people in 11 countries.
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bonkers
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posted 26-09-2003 03:11 PM
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I'm going to have a holiday when my ERG experience is over and I finally--get out of my financial mess--I couldn't have got through it recently without my Brazillian neighbour--he is a fantastic bloke--he lent me twenty bucks--to get through an emergency period recently----BK.
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bonkers
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posted 26-09-2003 03:20 PM
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My nephew--who is in his twenties--is doing his backpacking thing travelling all over the world--visiting various countries--he just got back from Bolivia--he has been away for nearly two years now--he is having a fanatstic time--I get the odd email from an internet cafe--he is making his Uncle bonkers very jealous.lol--BK.
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bonkers
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posted 26-09-2003 03:33 PM
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The only thing I'm upset over at 1 dollar for ERG on the 26th of September--that 1 I don't have any extra money to buy any--and 2--shortage of scrip--90% of the new shares on issue are held by institutions.--BK.
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bonkers
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posted 26-09-2003 03:38 PM
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Websites are really hard to understand--for the shorters I'm supposed to pretend that I'm discovering ERG for the first time--well Ive been following smartcards for 4 years--and ERG minutely for 2 years--what do websites require off me? It isn't the truth--that is fort sure.--BK.
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bonkers
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posted 26-09-2003 03:42 PM
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With a trading perspective you should take a fresh approach--you shouldn't forget though fundamentally all the things that are recoverable (that have been written down) buried inside ERG accounts!--LOL--that is for sure.--BK.
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bonkers
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posted 26-09-2003 04:10 PM
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I missed the morning for I slept in--I monitor the American markets overnight--an ex AMP fund manager who retired years ago--who I met weight lifting in a gym once about ten years ago--once told me thats what he does--so I do it too.---one the sell side--nothing lower than a 1.00 bottle of coke---for BK's real thing--coke it it!--have a nice weekend everybody.
http://www.80stvthemes.com/ra/51999/COKE82VID.ra
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bonkers
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posted 26-09-2003 04:25 PM
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S&P 500 1,003.27 ERG rose the S&P500 fell the night before Oz markets opened- 1,003.27 (Motorla incidentally is doing really well--I have followed it since 8.31--it was underperforming when I first started--just like ERG--todays dog is tomorrows star.
The stochastic--not an indicator of trend---but an indicator of oversold or overbought--is currently oversold. I'm mildy bullish the American economy and belive in an upwardly progressing S&P--with normal retreats along the way---the 1000 level to me has been broken--we shall see tonight how it fares--I think it will hold--perhaps 993 or 998 (thereabouts--at worst) in my view.---BK.
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bonkers
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posted 26-09-2003 05:08 PM
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Hi muscle bunny, I'm deliberately grammatically incorrect---re unshorting--I went on a learning curve (I still am) with shorting to undertsand it--for as you know over the last couple of years in particular it has been a real feature of Oz and overseas markets. I have been hurt very badly by the practice by not fully understanding it--so for what it is worth---for the odd person who may come accross the odd thing I write--I just use plain simple straight forward language--for I believe in safety in the market as well as gain--my belief system is the stockmarket should be a win win situation for everybody (I know that is not always the case)--thats what I believe though.---Short covering being the correct term--each day I record shorts on all that are on the daily sheet that comes out---in many company's cases--they are still getting shoreted/covered--even though they aren't on the list--I don't think it is fair to all market participants--but then that is reality--and I deal with reality.
Regards,--BK.
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bonkers
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posted 26-09-2003 06:33 PM
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Wall Street Close : Tech shares lead decline
Australian Financial Review / - A larger-than-expected drop in durable goods orders intensified Wall Street's concerns about the economy on Thursday and sent stocks sliding for the second straight day. Technology issues again suffered the largest declines
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bonkers
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posted 26-09-2003 06:35 PM
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I'm bullish on Northrop in the US from 83--oversold. I don't know what the paper is going on about.--BK.
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jwlabno
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From: melbourne
Registered: May 2002
posted 26-09-2003 07:23 PM
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quote:
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Originally posted by bonkers:
I'm bullish on Northrop in the US from 83--oversold. I don't know what the paper is going on about.--BK.
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83-bullish odd number.
So if it gets to 84 you will be bearish on it, right? THen bullish at 85?
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bonkers
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posted 26-09-2003 10:14 PM
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Its in between times for mutual funds in the States from the 24/9/03 U.S. time to the 8/10/03 U.S. time--Institutions with flows of money by the investing public have the weight of money. Untill the calvalry arrive--it is the correct position on many stocks to be long.--BK.
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bonkers
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posted 26-09-2003 10:20 PM
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Iv'e already stated for me (personally) it's just a save myself situation on ERG--I got shorted down to 4000 dollars on it at the age of 42--with no other assets--I'm not anything on ERG except truthfull. If I look at the company disspasionately and take my ugly experience out of it. It's worth a dollar at this stage in i
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