Australian (ASX) Stock Market Forum

Popping Festering Cankers

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frugal.rock said:
If you think so...?

It raises the question, what determines a "festering canker" in the first place. Which may be the point of the thread?

Does a stock, which is a company and people's livelihoods (sometimes a succubus scam...), have the potential to climb or pop out of a sedentary long term sideways price trundle?
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Using a sporting analogy, is there ever a boilover?

I'm suffering performance anxiety, because of the disconnect between my watchlist and actual stocks held

today's happy spurt. CXZ
upload_2020-8-21_10-53-43.png
 
CXZ this morning may fit the mold of an "FC" after jumping over 60% on Full Year Results.

I'd suggest that one attribute of the majority of all FC's is a LOW Market Cap

Its one of the first two "indicators" I look at ... CXZ has/had a MC of just $16 million.

Its a lot easier to jump 50-100% when you start from bugger all:)

Fair Dinkum @Dona Ferentes ... Are you stalking my internet feed. You are one (maybe 2) steps ahead of me all the time:p:D
 
FEL is also behaving like an FC on the mend

Up over 30% after 2 years in the wilderness
 
barney said:
I'd suggest that one attribute of the majority of all FC's is a LOW Market Cap

Its one of the first two "indicators" I look at ... CXZ has/had a MC of just $16 million.

Its a lot easier to jump 50-100% when you start from bugger all:)
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You are absolutely right, on that score.

But ultimately having a scattershot approach and owning them all isn't going to cut it (No system is perfect).
So I have taken a barbell approach to what I'm interested in, and what I'll likely hold. Rather than the spread, in the right hand corner sit the long termers (dividend payers, free carries, sectoral thematics), then I like to fish in the shallow end. Not going to get them all, but the only way is to cast a line and try. Come in spinner.
 
I actually don't actively monitor that end of the market any more as I found the results can be very unpredictable and too heart raising !

Anyway, hope this one fit's the bill as it popped up recently, but a bit less speccy:

CDD:
upload_2020-8-21_15-44-5.png
 
Here's one I've been eyeballing:

sdfgfdsgfdgdsfg.jpg

Boy do I know that depressing feeling of looking at what's happened on your watch list vs actual holdings.

So far, this one's still just on the watchlist.
 
over9k said:
Here's one I've been eyeballing:
So far, this one's still just on the watchlist.
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(Still in da Rapper voice Bro ... chillin with da rhymes yo!)

Sorry cant help it. (Its da weekend Broo_O Yo, and Yo again)

Da ROX is da fox
They may take yo sox
To da cleaners I meaners
Their weaners are beaners
They have found da Gold
My memory is sold
It could be dis time
Dat the price is all mine
Up and away
Hip hop hoo-ray
I'm in for da kill
My Rap is not brill
But my radar is Spec
And you may bank da cheque
But check if you will
Cause my wrap is not brill (Yo ... and Yo again :nailbiting:)

Don't worry; its the drugs:wacky:

Anyway, in English @over9k Rox have been down this road a few times before but the (da) Gold strikes do look really good. In the current Gold climate, it could well get some traction (yo:happy:)

Sorry guys ... its Friday:woot:



Yo
Yo
Yo
Yo
 
Thunder and lightning, very very frightening.... me :mask:
By the power of Zeus.....
I smite thee down.... up ! :troll:

Would you believe I have nothing to do with this stock, except for breathing on it at 10:05 this morning.
First trade was 10:16 and even though I have looked at occasionally, it still looked un-remarkable in the FC stakes. o_O

Screenshot_20200821-170346.png
 
MovingAverage said:
My festering canker (and i love the thread title so who cares what another forum member thinks) has been BRN. After some procrastination I jumped in at 12 cents a few months ago, still holding and at close today it is 27 cents. I wish I had more cankers like this.
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Good job!
After today's effort on BUD, it's turned into a 2.5 bagger thus far.
Couldn't come at a better time... much needed.
Thanks for your positive and constructive feedback.
It's not hard eh?!
Life ain't fun when cantankerous festers exude vitriol.... ;)
 
over9k said:
You're either on way too many drugs, or nowhere near enough :p
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I think you may be right O9k

I suspect I may be infected with something sinister lol ...

ps I don't even listen to Rap:jimlad:(Yo ... Doh!)


Anyway, in an attempt to try and make some sense,

I actually purchased a Festering Canker Stock myself at the Close today.

DXN has been on my watchlist for a few weeks

The Chart tells my logic to the trade ... See how it goes.

DXN 21Aug2020.png
 
Yes, well,
MovingAverage said:
My festering canker (and i love the thread title so who cares what another forum member thinks) has been BRN. After some procrastination I jumped in at 12 cents a few months ago, still holding and at close today it is 27 cents.
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Good for some:xyxthumbs. I have an opportunistic bid for BRN and it never gets taken. So, it sits there, festering.

Won't chase, though.
 
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