FDM - Freedom Oil and Gas

[mr. jeff]

Re: MAD - Maverick Drilling & Exploration

Love your work tech/a, classic

Looking at the yearly, MAD remains in a worrying sell down that might attract bottom pickers.






Looking more closely though, this move may have some staying power. The next couple of days will tell whether it can break the down trend and keep moving up. It has come back a long way in this sell off, and a reaction to this is not surprising. I am riding this move but with the great return of strength I am ready to jump at any sign of weakness.

I would appreciate others' view on the fundamentals and technicals.

 

[mr. jeff]

Re: MAD - Maverick Drilling & Exploration

One thing I did not add is that a break of the 85c level could be significant and should have a high probability of continuation.

From there the move would be looking at the 1.20 level, however it is worth considering whether the market's recent very strong move may falter and effect MAD.

 

[explod]

Re: MAD - Maverick Drilling & Exploration

Further to my post yesterday before the close, we have confirmation on the candle action with healthy volume so it is a buy on my system.

In at .62 on the paper trade and would exit now at market, probably get .725

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

Dumb response?! Mate read what I said. There is no such think as T/A confirmation which you are trying to shoehorn into yesterdays bar. You only have a set up that triggers a confirmed set of conditions. That could be a hundred thousand different things. But they are all irrelevant. Where someone has their trigger for their T/A is different from the next dude trading the same setup. Just Google "hammer technical analysis setup" for yesterdays bar and see for yourself the 4,840,000 possible different articles!!

What you are asking is what is the best colour!! Clearly there is no answer. Only personal opinions. None are going to help you with this crap stock your are holding cus the insto are going to manipulate it until you spew it up.

Too bad YOU didn't have it shoehorned into a CONFIRMATION to buy this Crappy Stock (as you put it) last friday.. Your right about one thing tho i may have to spew up half of MAD holdings at a 10% profit to those institutes. lol. And i'll take a crappy stocks any day of the week if it gives me a profit

 

[Trembling Hand]

Re: MAD - Maverick Drilling & Exploration

Too bad YOU didn't have it shoehorned into a CONFIRMATION to buy this Crappy Stock (as you put it) last friday.. Your right about one thing tho i may have to spew up half of MAD holdings at a 10% profit to those institutes. lol. And i'll take a crappy stocks any day of the week if it gives me a profit

Yeah mate you are a gunn. Well done, must be good to crow about A trade that went your way. Perfect!

what you make? 1R paper profit?

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

Yeah mate you are a gunn. Well done, must be good to crow about A trade that went your way. Perfect!

what you make? 1R paper profit?

1c = $1200. Your smart enough to work it out. Thanks for the heads up

 

[Boggo]

Re: MAD - Maverick Drilling & Exploration

Reluctantly out of MAD. Oh the pain. Being in the same sector and area why does AUT rise in price while MAD continues to fall. Doesn't make any sense. Yesterdays announcement was showing a considerable increase in production and yet this. Oh well back to the drawing board.

Bought back in on close @ 77c. Supply seems to be falling away.

You stated somewhere in the RED thread about school yard antics?
Desperate people with crappy trading decisions? Yes i do hold @ a base cost of 64.4c. Crappy decision we shall see. Desparate i dont think so but you just keep on responding to this crappy stock.
Aussie Bulls use the same term of confirmation with their buy and sell candle charts.

Should be back to overall breakeven if you can get a few more up days/weeks ?

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

Should be back to overall breakeven if you can get a few more up days/weeks ?

Oh Boogo your never far away

No idea stick with analysing your charts you seem to get it right sometimes!!
Speaking of which what scenarios do you see for MAD given it's current state.
Bring something useful to the forum if possible.

 

[Trembling Hand]

Re: MAD - Maverick Drilling & Exploration

Bring something useful to the forum if possible.

Nah just pumping the winners and ignoring the losses is much better!

What is the point Jancha?

 

[Boggo]

Re: MAD - Maverick Drilling & Exploration

Speaking of which what scenarios do you see for MAD given it's current state.

No change until it changes, uptrend finished last April and downtrend commenced last September.

(click to expand)

 

[mr. jeff]

Re: MAD - Maverick Drilling & Exploration

Boggo what are your thoughts on the second last bar indicating a reversal of down trend - probability wise ?

 

[basilio]

Re: MAD - Maverick Drilling & Exploration

No change until it changes, uptrend finished last April and downtrend commenced last September.

(click to expand)

Isn't hindsight wonderful ? Do these analysts put their predictions up before the graph changes or well afterwards ? It looks too perfect to have been predicted in advance.

 

[Boggo]

Re: MAD - Maverick Drilling & Exploration

Boggo what are your thoughts on the second last bar indicating a reversal of down trend - probability wise ?

For me, below is my "quick glance" daily chart.
Basically an uptrending 34 EMA with two consecutive and increasing closes above the EMA are "my" heads up of a possible trend reversal on the daily, then look at the weekly for bigger picture.

For MAD, at a rough guess it will probably need to be in the area of >80c for this to occur.

(click to expand)

 

[Boggo]

Re: MAD - Maverick Drilling & Exploration

Isn't hindsight wonderful ? Do these analysts put their predictions up before the graph changes or well afterwards ? It looks too perfect to have been predicted in advance.

Off topic and just for you bas !

One from the weekend (when the last bar didn't exist) just to dazzle you

(click to expand)

 

[qldfrog]

Re: MAD - Maverick Drilling & Exploration

Entered at .63c today and is down at .615 if I read it right.
A lesson maybe not to brag too loudly about gains on a specific stock?
In my case just opportunistic move, to try to get a few $ from an expected small reversal sooner than later.But would not hold on a medium/short term as i have not done my homework ,

 

[robusta]

Re: MAD - Maverick Drilling & Exploration

Interesting article from those Motleyfools.

http://www.fool.com.au/2013/01/investing/maverick-drilling-tempting-idiotic/

 

[Boggo]

Re: MAD - Maverick Drilling & Exploration

Interesting article from those Motleyfools.

Dunno what he is smokin but I am sure there is a law against it.

Extract from report in link above.

 

[mr. jeff]

Re: MAD - Maverick Drilling & Exploration

Haha that is quite a laugh " a further investment is both tempting and idiotic" !

I hold - I was tempted and idiotic, and still am. (I remain up above purchase price so must exit quickly)

See what sort of plunge there is today...

 

[basilio]

Re: MAD - Maverick Drilling & Exploration

Off topic and just for you bas !

One from the weekend (when the last bar didn't exist) just to dazzle you

(click to expand)

Thanks for that Boggo.

I agree that I don't follow the graphs and technical sides of share trading. My thoughts were that the picking of the ups and downs seemed so excellent and clearly profitable that those who follow these trends would have to making a fortune - if in fact the predictions were being made ahead of the market changes. At this point I'm still not sure that these trend analysts are predicting ahead of the market and what their strike rate is.


Of course one of the critical elements of the market is its capacity to self fulfill. If enough people want and expect a stock to rise and buy accordingly they should provide the impetus for a jump.

Good punting !

 

[adds4]

Re: MAD - Maverick Drilling & Exploration

mad has finally stopped falling. Opportunity for those now to get out, or go long. Which ever people think suits them. The graph is still trending down, but slowly mad is getting some traction. Could go either way. With production increasing, but not at a very quick rate, i would bet on more downside than upside in the short term.