ELE - Elmore Ltd

[SGB]

Re: NSL - NSL Health

SGB,

Yes, but surely doing T/A on NSL over the past few years is akin to studying another companies chart if it is a recap? The fundamental business is entirely different. You could T/A the period after recap but prior to that I would have thought was uninformative?

Thanks,
Russ

Hi Russ

Very valid points indeed.

Volumn alerts were triggering me all day, but found this to be holding up steady, a quick look at the charts and jumped in.

Now that the dust has settled Ive had a chance to have a look at this one fundamentally.

Iron Ore hay... I thought this was a med play

By the looks of it it probably be best off in iron.

I'm not to sure now on how the long term chart would hold up to this recap. The problem is though its still under the same code which got me.

Is there gonna be a name or code change in the future?

Either way though, the chart still reads OK now.

Cheers,
SGB

 

[hegemony]

Re: NSL - NSL Health

SGB . . not taking the piss, genuinely trying to learn here. Easy to learn when you dont know much

Appreciate your comments

Have a great weekend!

Russ

 

[jtb]

Re: NSL - NSL Health

Unfortunately, I had to go out tonight (in Quito ) and missed the action. This is the only stock I own, remotely near even the few days.....

Been having a few with Mobcat have you K?

My small target mentality from May has paid off (two holders and one trading stock) combined with some 'steely' emotionless sells on technical indicators (to quote Nizar I think)

But yeah its always disappointing to see paper profits eroded (vaporised).

Still 50% in equities with cash burning a hole in my pocket atm though

Your post caught my eye this morning, as I haven't been around much lately, and I'd been watching MoneyM flying the flag like Robinson Crusue prior to Xmas (where he finds the time to watch all these stocks I'll never know).

Can't argue with YT's rationalisation of the irrational (I'm still having nightmares about EGO going to six cents) so I also grabbed $2.50 worth of NSL today (100 shares

Have a good weekend all

 

[Sean K]

Re: NSL - NSL Health

Can't argue with YT's rationalisation of the irrational (I'm still having nightmares about EGO going to six cents) so I also grabbed $2.50 worth of NSL today (100 shares

Have a good weekend all

Hmmmm, maybe I left a 0, or few, off that...

I too was on EGO (cheers Brad) but sold about 700% too early. In retrospect, I made some beer money, so great!'

To be honest, this is the second most specciest stock I have ever bought. RMG was the other, which YT allerted me to. What did that do in the ensuring weeks? A considerable multibagger for the trader......

Where is this puppy going? Absolutely no idea, but to me the market can be about risk/reward, and, like MAK, this has a very low market cap, with what I consider to be 'out of the box' prospectivity!!!

Now, do I put my $5 on red or black.....

kennas..

 

[Yellowbeard]

Re: NSL - NSL Health

Hi all,

Also noticed the volume surge yesterday...

Would love to know whether the trading was -

i) churn orchestrated to draw in momentum traders, or...

ii) pre-ordained share distribution from Ascent and co. to new blood.

I suspect if it is indeed option two then the registry could be positioning for a potential run of a low base. Option one would not be so inspiring.

Any thoughts?

 

[YOUNG_TRADER]

Re: NSL - NSL Health

Hi all,

Also noticed the volume surge yesterday...

Would love to know whether the trading was -

i) churn orchestrated to draw in momentum traders, or...

ii) pre-ordained share distribution from Ascent and co. to new blood.

I suspect if it is indeed option two then the registry could be positioning for a potential run of a low base. Option one would not be so inspiring.

Any thoughts?

Yesterday still has me very baffled,

Whatever it was I have never seen anything like it and why yesterday, why did they do what they did yesterday?

I put out some info on this stock so those of ASF who wanted to get some spec exposure to the next possible penny to run could, my thoughts were that we'd sit and wait for an ann or traders to go nuts sometime in the future and take it up,

But I am baffled as to yesterdays action,

I keep going over it again and again and the only thing that makes sense is that someone wasn't set and was trying to shake the tree,

Monday will be interesting, if whoever was trying to hold it back Friday still isn't set I'd expect more wierd 5m-6m sells followed by 5m-6m buys,

However if they're set who knows what will happen

p.s. Kennas Buffet can have the world, I'll take the women, the booze and the cars

 

[LRG]

Re: NSL - NSL Health

Young Trader - what is your view as to how long this could take to get to your target you mentioned in a previous post?

If it starts to go gangbusters in a few months do you get out, hold and hope it keeps going or what?

I've seen SDL go from below 10c to 87c and then back to 24c (now about 29c). They move very quickly up and down.

 

[nyo]

Re: NSL - NSL Health

Yesterday still has me very baffled,

Whatever it was I have never seen anything like it and why yesterday, why did they do what they did yesterday?

I put out some info on this stock so those of ASF who wanted to get some spec exposure to the next possible penny to run could, my thoughts were that we'd sit and wait for an ann or traders to go nuts sometime in the future and take it up,

But I am baffled as to yesterdays action,

I keep going over it again and again and the only thing that makes sense is that someone wasn't set and was trying to shake the tree,

Monday will be interesting, if whoever was trying to hold it back Friday still isn't set I'd expect more wierd 5m-6m sells followed by 5m-6m buys,

However if they're set who knows what will happen

p.s. Kennas Buffet can have the world, I'll take the women, the booze and the cars

Hi YOUNG_TRADER,

I am puzzled. Why are you so baffled? You posted some great information on Friday to alert us to what seems to be a very undervalued company based on the facts as you know them.

Also you alerted us to fact that an up date announcement on the project is overdue.

I for one thank you for you sharing all of this information with us.

JMHO but IMO you kicked the sleeping dog that woke up the market and traders to the potential to this great Iron Ore play.

Looking forward to Monday and the future!

Great work YOUNG_TRADER!!!

 

[Rocket man]

Re: NSL - NSL Health

re. the 5-6m buys and sells - could it be just a significant holder trying to raise the trade volume so people sit up and take notice of the HUGE increase of trading volume and thus leads to more buyers jumping on board expecting imminent news or suspecting inside knowledge or both .... leading to an appreciation of the share price

dont really have much knowledge of price manipulation but a possibility i thought

 

[cmh888]

Re: NSL - NSL Health

re. the 5-6m buys and sells - could it be just a significant holder trying to raise the trade volume so people sit up and take notice of the HUGE increase of trading volume and thus leads to more buyers jumping on board expecting imminent news or suspecting inside knowledge or both .... leading to an appreciation of the share price

I agree. For a quick market snapshot many people look at the summary tables in the various newspapers. I do that everyday - Saturday's paper had NSL as the 4th highest (from memory) volume traded for Friday. Large volumes like that always make me take a bit of a closer look at a company (as I did for NSL and routinely do for other companies with unusually high volumes).

 

[YOUNG_TRADER]

Re: NSL - NSL Health

Hi guys, re the volume, I agree it could have been someone like that, which proves my point it was something suss


In regards to target prices or exit prices, who knows, I for one would think that 5c-6c being 100%-150% profit would be a good place to lock in some if not alot of profit, whether it gets there who knows,

As with everything, each investor must do their own research and make up their own mind as when or if to buy and when or if to sell and how much etc etc

One thing I do know for sure is that this week will be very very interesting given the trading on friday

 

[cmh888]

Re: NSL - NSL Health

Market depth looks pretty pathetic at the moment. Quick question: I am with Westpac Broking. I can place a buy or sell order at any time, to be filled when the market is open. Should I be able to see now, what is waiting to be bought and sold come tomorrow (i.e. all orders placed after trade on Friday and before opening on Monday)?

 

[nioka]

Re: NSL - NSL Health

Market depth looks pretty pathetic at the moment. Quick question: I am with Westpac Broking. I can place a buy or sell order at any time, to be filled when the market is open. Should I be able to see now, what is waiting to be bought and sold come tomorrow (i.e. all orders placed after trade on Friday and before opening on Monday)?

Normally tes, but the market depth on the westpac site is not functioning at the moment. I'm waiting for it to come good myself but can get it on MSN money if it doesn't.

 

[TheAbyss]

Re: NSL - NSL Health

Volumes on this look pretty good today so far. A lot more buyers than sellers ATM however the DT's will jump into the sellers queue at some point.

 

[Pimping]

Re: NSL - NSL Health

Yes certainly more buyers ATM, do you think DT's will push the SP down immediately? Picked up some this AM at 2.9c

 

[TheAbyss]

Re: NSL - NSL Health

IMO the SP hasnt moved enough for anyone to be getting out with much profits so there is a way to go yet however the market being what it is it could just go backwards from here with no news, or even worse, bad news.

Check previous posts for a lot of potential with this in the short term at least.

 

[Gekko]

Re: NSL - NSL Health

Volumes on this look pretty good today so far. A lot more buyers than sellers ATM however the DT's will jump into the sellers queue at some point.

just imagine if the dow was up then itd be bacan and eggs all the way us futures up 26 though

 

[SGB]

Re: NSL - NSL Health

Yes certainly more buyers ATM, do you think DT's will push the SP down immediately? Picked up some this AM at 2.9c

DT's are waiting to see what happens in price action around .03. .03 is ressissting @ the moment, needs to turn into support before the real hike up.

 

[nioka]

Re: NSL - NSL Health

Caution is needed on this one. There is some very unusual NON trades I have noticed today. What I mean by non trades is a lot of both buy and sell orders seem to disappear before they are made. At opening there were orders which would have had the stock open at .28 but they disappeared last thing and the opening price was .26. I have noticed a few of these so far today.

 

[SGB]

Re: NSL - NSL Health

Caution is needed on this one. There is some very unusual NON trades I have noticed today. What I mean by non trades is a lot of both buy and sell orders seem to disappear before they are made. At opening there were orders which would have had the stock open at .28 but they disappeared last thing and the opening price was .26. I have noticed a few of these so far today.

Good observation nioka, noticed the same thing myself. I've actually pulled out now and to see if it can support .03. until then I'm out.
Good luck all.