CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
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- 519
moses said:
Well done moses, good call to sell given its a shoe in for a speeding ticket.
moses said:Whew! I'm out at 0.285 having bought at 0.235. Not bad for one day, and much much better than the boring IDL shares I sold this morning to pay for it!
moses said:but if there are no news to explain 40% rise in one day then we'll see it bomb tommorrow won't we! And if there is news...its still only 50/50!
Freeballinginawetsuit said:Moses if you got onto AIM as a breakout buy on its gap last week at open (ie 17.5c), the same reasons are still their to hold.
1) Initial stop at 16.5c, after the next 2 trading days moved stop to 19.5c, top of second gap day. AIM traded well, good volume's and the momentum was positive.
2) If you got on yesterday the same reasons are there to hold, ie your entry has never been breached and you could now place a stop at 25c.
3) If you got onboard today at above 24c, I would have sold on close. Take youre 20 percent for the day and leave.
AIM'S basically doubled over the last week, most of the volume has been accumalated and the sellers have been holding back, its gapped twice and run hard this arvo. The experts would say you should never sell on a day's high close and on a volume like today's. If you did you would have made a great return and don't look back at it!
My fundamental holdings in AIM I sold today, a bit off the high but good enough for me!. For several reasons, they are at least a year of mining, I have concerns as to how they will fund ramp up (Share issue, at what price, financing, will they hedge/put in place forward contracts etc etc). A lot of mitigating factors that are yet to be determined, so I'm happy to sell at Today's close price. If the situation prevails or their SP changes I may take them up again as a hold.
My Break trade on Tuesday and top up yesterday, have a stop at 25c now. If that gets hit I'm out, if not I will hang around for a while yet and see what pans out in the next couple of day's. If volume dry's up, sellers take control etc I'll sell at market.
Hope that helps, like I said these guys are a while off doing anything yet, a few weeks back their volume was non existent and SP lagging. The market for whatever reason has changed the scenario, that could easily change again and a profit is only a profit when you sell!. The chance was their today, it may not be tommorow.
Thanks FFreeballinginawetsuit said:Different Name, Different Market and Different Resource Holdings in '97' Karen.
But if you sold today you would have done well
Karren said:Thanks FHow do you keep up with this kind of info? or have u been trading that long!!! and I agree about getting out today, but figured with such a strong close that there should be a flurry tomorrow morn .... hopefully make a few more % there.
Thanks for the advice; I'm certainly no expert and have too often been caught hoping that my shares will continue to rocket up at a crazy rate only to see them plummet the next day. The chance of a speeding ticket and my lack of tech skills persuaded me to resist the potential for gapping up overnight.Freeballinginawetsuit said:Moses if you got onto AIM as a breakout buy on its gap last week at open (ie 17.5c), the same reasons are still their to hold.
<snip>
The experts would say you should never sell on a day's high close and on a volume like today's. If you did you would have made a great return and don't look back at it!
nizar said:Agree with freeball...
Moses this is more likely to go up 2mrw than probably any other stock on my watchlist. The reason - MOMENTUM.
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