AUT - Aurora Oil and Gas

[alexc2005]

Breaker, be carefull having a definate plan on when to get out. I bought my first parcel of AUT at 30c and if you told me that they may have doubled then I would have planned to sell then- 60c.
Due to learning, reading, asking and harassing smarter people I discovered that they may go higher, heck they may reach a $1. Continued learning and watched to my amazement Aut reach the levels that they are.
And even if you just read what has been reported in the past 2 weeks, you would be pretty confident of a stellar year ahead.
Could you imagine if i'd stuck to the plan of selling at 60c.
I know everyone's financials and trading strategies are different but I think it's un-wise to put definates on sells.

Mir, that was a great post.
Cheers

= pretty much sums up my conflict. Even though i set my price at 2.65 today, im tempted to jump in at 2.78 just because they are such a good buy and are almost certain to rocket up in the near future! In a months time when they are $3 + i would shoot myself for being tight over a measly 2-3%

 

[Kremmen]

Buyers and sellers in the depth generally mean very little.

It varies depending on the stock. Generalisations like this remind me of a charting seminar I went to long ago. The presenter said that stocks will generally fall if they hit an RSI of 80 and rise if they hit an RSI of 20. I've watched that measure for years, and some stocks I've followed can sit above 80 for weeks, while others you can pretty much guarantee will fall the next day if they touch 80.

alex you must have a plan when to get in when to get out and stick to it there are plenty more shares

This is possibly the worst advice ever. The market exaggerates. Think flock of sheep. If you plan to exit at a particular level, that is almost the guaranteed way to minimise your profits. It may either take too long to get to your target and you money could have been doing better elsewhere, or you'll sell way too soon.

 

[breaker]

Assasin,I have found that with a target, the share does retrace and you can buy back in. I dont go much on fundamentals I have a plan to buy ,sell although I do get tempted like AUT all my stops have been hit 10% paper loss but im still in

 

[Assasin]

Assasin,I have found that with a target, the share does retrace and you can buy back in. I dont go much on fundamentals I have a plan to buy ,sell although I do get tempted like AUT all my stops have been hit 10% paper loss but im still in

Breaker,
these small cap oilers would be difficult stocks to be in if your not interested in fundamentals.
However, your strategy obviously works for you. Good luck.

 

[alexc2005]

man jumped up to 2.82. ****!

The only question is- What will monday bring?

 

[tradefill]

just wish i had more money to top up. Can't believe how low aut has fallen recently, especially on the back of good news (reserves, oil price high, broker valuations at $4.50 etc etc). In my opinion its a great buying opportunity!

 

[breaker]

Breaker,
these small cap oilers would be difficult stocks to be in if your not interested in fundamentals.
However, your strategy obviously works for you. Good luck.

Yeah Assassin they are whole different ball game

 

[bbker]

I've paid more than today's prices for some parcels. I'm glad I did because if I kept looking at the lows I would've always been too scared to buy.

All I can say is, you just have to suck it up and take what you can get if you know you really want to buy in, in the big scheme of things.

yep- working on that. removing all emotion from share buying is best. I'm learning to do it.

Although, sometimes i just cbf and ill buy if i know its going to do well (like AUT for example), still waiting for them to come down... they are slowly dropping but i doubt they will get low enough for my buy to kick in. I presume on monday they will rocket off and not be seen at these lows again.

 

[poverty]

Survived my first margin call and I'm still in!

 

[condog]

Survived my first margin call and I'm still in!

ewwww makes me feel sick for you. Theres a lesson in that, big time.

 

[BrightGreenGlow]

ewwww makes me feel sick for you. Theres a lesson in that, big time.

Agree Dog.

I would just like to say never margin up on a small cap stock such as AUT or any other and always invest don't gamble what you can't afford to lose.

 

[poverty]

It's ok, just forced me to repay a bit of the loan which means my LVR won't jump around as much now. My fault for topping up at 3.30

 

[skyQuake]

Buyers and sellers in the depth generally mean very little.

To clarify, you cant just sit in front of the bigger bids or asks, you gotta see which side is 'refreshing' their bids or asks when it gets taken out, and watching time & sales.

As condog said earlier, instos/funds will not show their hand in the depth, they will nearly ALWAYS hit mkt.

 

[Sean K]

It's ok, just forced me to repay a bit of the loan which means my LVR won't jump around as much now. My fault for topping up at 3.30

You got a Margin Call on a spec stock that has run from 25c to $3.25 in 12 months?

Impossible.

 

[poverty]

You got a Margin Call on a spec stock that has run from 25c to $3.25 in 12 months?

OK i'll call them and tell them I want my payment back

 

[PinguPingu]

Bought more at $2.8 on top of my initial holding at $2.6 - really liking this company.

Although my other small cap oil stock is getting a bit of a beating, glad I don't have a marginal loan with this one:


EKA EUREKA FPO [EKA] 0.415 0.370 -10.8%

 

[condog]

You got a Margin Call on a spec stock that has run from 25c to $3.25 in 12 months?

Impossible.

ITs hardly a spec anymore Kennas, its fundamentals are better then most the asx200.

Its adding value quicker then almost all the asx200 stocks.

 

[condog]

Any one holding in by the seat of thier pants against margin calls, sorry to say it , but realistically you need to get burned to teach you a lesson. Margin loans are dangerous and imo, if you get burned by them, bad luck you deserve it. Its not like the dangers where never explained.

Margin loans are dangerous and welcome to the real world.

 

[Sean K]

ITs hardly a spec anymore Kennas, its fundamentals are better then most the asx200..

It's doing amazingly well. What's the p/e?

 

[poverty]

Any one holding in by the seat of thier pants against margin calls, sorry to say it , but realistically you need to get burned to teach you a lesson. Margin loans are dangerous and imo, if you get burned by them, bad luck you deserve it. Its not like the dangers where never explained.

Margin loans are dangerous and welcome to the real world.

Thanks for the concern, I'm not too worried as the loan amount is now quite small, the company I believe is fundamentally sound, as it turns out loading up big time at $3.30 was a mistake in the short term but in the very long-term it will probably be one of my finest moments, just doesn't feel like that right now!