Hi tanga..while you were thinking of selling soon I was hoping to pick some up in the low 60's.
Doesnt look like they stayed down there for long though. A bit of a panic driven sell off maybe? hmm.
ERN - Erongo Energy
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Hi tanga..while you were thinking of selling soon I was hoping to pick some up in the low 60's.
Doesnt look like they stayed down there for long though. A bit of a panic driven sell off maybe? hmm.picked up some more oppies, this is just a panic sell-off. the fundamentals are the same. When do we expect the next announcement from the company. it should be coming around resonably soon, seeing that the last annnouncement regarding the initial drill results was on the 05/06...
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Actually picked up a pacel today myself. T/A looks horrible but quite happy with the price. Seems quite reasonable.
SGB
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Yeah I must admit Im feeling a bit nervous too.
I really thought it would get supported around the 80-85c range but it appears to have fallen through that.
True enough that the fundamentals haven't changed though.
Some more drill results would be good. Although the market looks to be getting SMASHED today! {Or is it just my watchlist}
I really thought it would get supported around the 80-85c range but it appears to have fallen through that.
True enough that the fundamentals haven't changed though.
Some more drill results would be good. Although the market looks to be getting SMASHED today! {Or is it just my watchlist
}ern has dropped 10 cents on the back of very little volume... any insights. an announcement could be a couple of weeks away...
Sean K
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If you were trading this off the chart you might have sold yesterday, or today, depending on when you got in. 200d ma might provide some support, but there looks to be more between 50 and 60. The tech indicators there don't get any more bearish unfortunately. The fundamentalists pumping this when it was at $1.10 and all the way back down would be still holding of course. It might get back up there one day, if their analysis was correct.
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We should change this forum site into a charting forum site shouldnt we Kennas? Lucky for those who got in when I was pumping them at 40. I was actually look for an entry today at 65 but missed it. I think we should start pointing out all the many stocks you have picked on your charts that have failed? Maybe point out all the failures you have pointed out with your charts? hmm?
yup, i got out of ERN as soon as the new fin year ticked over...
still on my watch list, but if i was trading a company based purely on fundamentals, BMN and MTN have the fundamentals to back them up.
ERN should be traded as a mixture of both, and at this stage, with the tech analysis looking so poor, its not a time to be entering IMHO.
still on my watch list, but if i was trading a company based purely on fundamentals, BMN and MTN have the fundamentals to back them up.
ERN should be traded as a mixture of both, and at this stage, with the tech analysis looking so poor, its not a time to be entering IMHO.
I also moved funds over to Bannerman when they were 2.73. I sold just over half of my holding in ERN at 87 cents so the rest were free carried. Still though ERN look like a good entry to me in the mid 60's. I am tempted to top up if they fall back further.
Even at 70 cents they have a fully diluted MC at 54 million. They have what? 4-5 million cash at bank? Some of the largest land coverage in Namibia when no more licenses are being granted. Not a bad buy atm. Thats why I was looking for a re-entry. I dont go by all this charting stuff althought it is interesting to read on. Investors such as Kennas would of thought BMN was falling a lot further when they hit 2.65. You have to make your own decisions when you believe stocks have hit fair value..yeah sure on the charts they have fallen back..but so have a lot of stocks these past months. Charts dont tell you when they have hit a bottom. Charts can sometimes help you determine when a stock has trended back up though and then you miss out on initial profit. If the value is there and I see it I usually jump in and it hasn't let me down "yet".
I just get annoyed when chartists starting bagging on fundamentalists..because they have more than their fair share of duds and incorrect picks. Fundamentals have not let me down the past 2 years. Hey maybe I'm just lucky.
Chris.
Just to point out -- Fundamentals also dont tell you when a stock has hit a bottom.
You also said:
You have to make your own decisions when you believe stocks have hit fair value..yeah sure on the charts they have fallen back..but so have a lot of stocks these past months.
Alot of stocks have fallen back??? Also incorrect. I dont know about your watchlist -- is it just the U sector?
Im getting entry signals everyday these last few months. Check out NWE, AED, MPO, ESG, MEO, etc.
And what i dont like about "value" investing is that the market can have a mind of its own. Stocks can stay undervalued for years and years. Other stocks can go from fair value or over-valued to even more overvalued.
Just my opinion of course.
And yes Chris -- your record is remarkable, no debates about that
i guess its what you define as a fundamentally strong share....
in my opinion, something is fundamentally strong if it has JORC, and / or in the feasibility to mine study stage or near to it. (hence BMN and MTN, whoose charts don't concern me too much).
the other stocks who are fundametally strong are the cash cows, bhp, zfx, etc...
but there are not many i would buy (in large quantities) purely on fundamentals...
in my opinion, something is fundamentally strong if it has JORC, and / or in the feasibility to mine study stage or near to it. (hence BMN and MTN, whoose charts don't concern me too much).
the other stocks who are fundametally strong are the cash cows, bhp, zfx, etc...
but there are not many i would buy (in large quantities) purely on fundamentals...
Chris.
Just to point out -- Fundamentals also dont tell you when a stock has hit a bottom.
You also said:
You have to make your own decisions when you believe stocks have hit fair value..yeah sure on the charts they have fallen back..but so have a lot of stocks these past months.
Alot of stocks have fallen back??? Also incorrect. I dont know about your watchlist -- is it just the U sector?
Im getting entry signals everyday these last few months. Check out NWE, AED, MPO, ESG, MEO, etc.
And what i dont like about "value" investing is that the market can have a mind of its own. Stocks can stay undervalued for years and years. Other stocks can go from fair value or over-valued to even more overvalued.
Just my opinion of course.
And yes Chris -- your record is remarkable, no debates about that
YES a lot of stocks have fallen back. Do you want me to name them all for you Niz? Dont make me. Of course there will be some still going up..so glad you could show a few. Of course the market has a mind of its own. I determine in my mind when stocks are fair value though..do you have a problem with what I think is fair value? I pick stocks at what I believe to be fair value and I enter the stock. I dont really care what the market does. Most stocks I have picked have been fair value as I have continually made profits after my entries. If I continued to pick stocks I thought to be fair value and they went down on me 80% of the time I would change my methods..but when 90% of the stocks I have picked end up going up..well Im going to stick to how I pick stocks.
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Well sadly I have to say that 2/9 of my stocks are lower than what I bought them for nearly 6 months ago But then again, Im new so dont really know when to sell. Thats why i guess I will just hold and wait for the price to go up again if the fundamentals stay the same.
I got into ERN around 58c, but am genuinely worried now that it could fall back to these levels.
But as per usual having no real clue, i veiw it as too late to sell of what i have to make any decent money out of it.
Guess the question is....do I think I can pick them up for under58c soon!
Oh well, goodluck to those that hold.
But then again, Im new so dont really know when to sell. Thats why i guess I will just hold and wait for the price to go up again if the fundamentals stay the same.I got into ERN around 58c, but am genuinely worried now that it could fall back to these levels.
But as per usual having no real clue, i veiw it as too late to sell of what i have to make any decent money out of it.
Guess the question is....do I think I can pick them up for under58c soon!
Oh well, goodluck to those that hold.
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Well sadly I have to say that 2/9 of my stocks are lower than what I bought them for nearly 6 months ago
I got into ERN around 58c, but am genuinely worried now that it could fall back to these levels.
But as per usual having no real clue, i veiw it as too late to sell of what i have to make any decent money out of it.
Guess the question is....do I think I can pick adone, but your not the only one in the boat. I'll still trying to get a grasp on who fundys think.
Hello G N
Try not let it get you down too much. I know its easier said than done but i would think you aren't alone. I'm trying to understand how the fundy would think. With T/A a plan is set and you stick to that plan whether you sell out to early or you inject your stoploss to sell at a loss. Yes i have seen a many of mine fly off into the blue yonder as i have sold out to early, but stuck to my plan and yes i have made great exit points. Thats trading i suppose.
Keep your chin up champ ...we learn every day.
SGB
It seems as though the Germans are following the our ERN SP price now. I suspect that the German ERN will drop a few percent in today's trade. i still hold but only my original parcel at around 61.5.
I sold some off yesterday in panic attack really but don't like the way it is now. One thing i reeally need to know is how to take profit! hehehe was up around 90% on BMN and ERN.. damn... oh well first year trading lessons i guess
I sold some off yesterday in panic attack really but don't like the way it is now. One thing i reeally need to know is how to take profit! hehehe was up around 90% on BMN and ERN.. damn... oh well first year trading lessons i guess
Okay guys SGB messaged me to see how I would think since I dont follow the charts. If you have followed my posts to date you would know I work off comparisons with similar stocks. For example I am loaded up on Arrow energy atm because I believe AOE and QGC are very similar companies yet in recent months QGC has sprinted ahead with a market cap of 800 million dollars greater than AOE. Thats how I work out when or when to not enter a stock. See my posts to SGB below.
"Well even though Im a fundy..i want it to get oversold more. I sold ***** shares at 87 so its a perfect opportunity for me to go back in. Only reason I sold is because I saw BMN down to 2.73 and their fundies are a slot stronger than ERN. I decided to switch the money over as ERN were up and BMN were down. BMN as you know will report a large resource in 6 months etc etc and are a lot less speculative than ERN but if ERN drop to a market cap of less than 50 million fully diluted I believe they are worth a buy. I base my buy ins off comparisons with other stocks not off the charts. WME is a good share to compare ERN too. I still hold **** shares totally free carried.
WME have a fully diluted market cap of 70 million..many shares on issue..have less land coverage and less projects than ERN. Thats why I think ERN are a buy atm. ERN have massive land coverage in Namibia and there are a lot of untested anomolies that still need to be drilled. ERN are a spec though and come with risk but hey I like risk.
all the best mate."
I thought thats a good post to let people see why I still think ERN are a buy. All the best..they could drop further..who knows..I sure dont..but at these levels I think they are good value.
"Well even though Im a fundy..i want it to get oversold more. I sold ***** shares at 87 so its a perfect opportunity for me to go back in. Only reason I sold is because I saw BMN down to 2.73 and their fundies are a slot stronger than ERN. I decided to switch the money over as ERN were up and BMN were down. BMN as you know will report a large resource in 6 months etc etc and are a lot less speculative than ERN but if ERN drop to a market cap of less than 50 million fully diluted I believe they are worth a buy. I base my buy ins off comparisons with other stocks not off the charts. WME is a good share to compare ERN too. I still hold **** shares totally free carried.
WME have a fully diluted market cap of 70 million..many shares on issue..have less land coverage and less projects than ERN. Thats why I think ERN are a buy atm. ERN have massive land coverage in Namibia and there are a lot of untested anomolies that still need to be drilled. ERN are a spec though and come with risk but hey I like risk.
all the best mate."
I thought thats a good post to let people see why I still think ERN are a buy. All the best..they could drop further..who knows..I sure dont..but at these levels I think they are good value.
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Hello Chriss
Nice explaination,
O.k, a T/A would identify an over sold enviroment with an RSI indicator, prefer to be under 30RSI ( others maby 20RSI) Hence the question How does a fundy identify an oversold enviroment.
Cheers
When it drops down into a SP range that puts it Market cap well below its peers? Thats oversold to me? Pretty simple right. How much further can they drop from here? Back into the mid 50's? Back to the 40's where I purchased my first bundle? If they did I would be buying more. At 55 cents the fully diluted cap would be 42 million. so anywhere from 55-60 is amazing value to me. I dont know if it will get back to these levels though..might do.
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