BMX - BeMax Resources

[$20shoes]

Hey Snake, actually my call on the MACD was a little askew. I was referring to what looked like the MACD coming down to touch zero in the last couple of days and then turning back up ( which it's still to do, btw) which could, I repeat, could be viewed as bullish. Even then, I wouldn't take this as a signal to go long...there's still not the "weight of evidence" that I need to buy into this stock.
I probably agree with you on the volume actually. Every price rise is met with selling pressure at the moment so we may see some further sideways movement.
So do you think its actually continuing a price slide then?

 

[Dutchy3]

I'd now like to see 27 hold for a bit ... careful though as the highlighted day on the chart still dominates ...

 

[It's Snake Pliskin]

Hey Snake, actually my call on the MACD was a little askew. I was referring to what looked like the MACD coming down to touch zero in the last couple of days and then turning back up ( which it's still to do, btw) which could, I repeat, could be viewed as bullish. Even then, I wouldn't take this as a signal to go long...there's still not the "weight of evidence" that I need to buy into this stock.
I probably agree with you on the volume actually. Every price rise is met with selling pressure at the moment so we may see some further sideways movement.
So do you think its actually continuing a price slide then?

Just to answer your question the answer is I don't know.
It could be still forming a base that may be prolonged, or it could slide further, or it could start to rise slowly throwing off that supply.

 

[Bobby]

Well knowing some BMX workers who express the positive, & considering the proven assets inground, I do feel good with my holding

Wish one of the big miners would make a take-over bid this year.

Bob.

 

[brerwallabi]

I do feel good with my holding

I get worried about statements like the above signifies an attachment to the stock "feel good" and "my".

Wish one of the big miners would make a take-over bid this year.
Bob.

Now that word wish.
BMX is a commodity for to be traded like any other stock - are you forgetting some rules?

 

[$20shoes]

Just to answer your question the answer is I don't know.
It could be still forming a base that may be prolonged, or it could slide further, or it could start to rise slowly throwing off that supply.

Snake, I think some indicators are showing positive signs, but the price action isn't really confirming this. It's a "wait and see" for me as well. For a start, I'd like to see BMX find support at $0.30 (if it can take out this level in the near-term). If it can establish support here, I'd be more comfortable taking a position in this stock.

 

[It's Snake Pliskin]

I get worried about statements like the above signifies an attachment to the stock "feel good" and "my".



Now that word wish.
BMX is a commodity for to be traded like any other stock - are you forgetting some rules?

Sorry Bob I agree with brer

 

[It's Snake Pliskin]

Snake, I think some indicators are showing positive signs, but the price action isn't really confirming this. It's a "wait and see" for me as well. For a start, I'd like to see BMX find support at $0.30 (if it can take out this level in the near-term). If it can establish support here, I'd be more comfortable taking a position in this stock.

Those indicators may show some positive signs but is that enough to act on? If you act what is your goal? timeframe? etc.

 

[Bobby]

Sorry Bob I agree with brer

Snake,

When it comes to a time we can't express our wishes & feeling about any stock on this forum Then stuff it, I'm Not ramping it !
If it sinks then all can say - stupid Bob !

I like it, will it go up ? I hope so, will it go down , I hope not.

Bob.

 

[It's Snake Pliskin]

Snake,

When it comes to a time we can't express our wishes & feeling about any stock on this forum Then stuff it, I'm Not ramping it !
If it sinks then all can say - stupid Bob !

I like it, will it go up ? I hope so, will it go down , I hope not.

Bob.

Actually Bob, you are a smart cookie.
I have thought about it a bit and see that you may know something I don't. Please feel free to continue as you are. The last few days have been weird for me so my comments may appear weird too.

Snake

 

[$20shoes]

Those indicators may show some positive signs but is that enough to act on? If you act what is your goal? timeframe? etc.

Snake, good points. All you can do is give yourself the best chance of success by controlling your risk/capital once you are in for the ride, be you a discretionary or mechanical trader. Knowing beforehand what you want to get out of a trade is important. I think it helps control the "greed" factor, among other things.

I'm still waiting for a higher probability that a trend will develop.

That said, have you read Van Tharp's "Trade your Way to Financial Freedom"? In it, he and Tom Basso proved they could make money with a random entry. That is, a coin toss determined whether they would take a position or not. They controlled their trade using stops and position sizing. They made money in 80 per cent of trades, and the system had a 38% reliability. Not bad for not giving any thought to your entry price!!
They used this example to really espouse money management, position sizing and exit strategies as being far more important than you entry.

 

[It's Snake Pliskin]

Snake, good points. All you can do is give yourself the best chance of success by controlling your risk/capital once you are in for the ride, be you a discretionary or mechanical trader. Knowing beforehand what you want to get out of a trade is important. I think it helps control the "greed" factor, among other things.

I'm still waiting for a higher probability that a trend will develop.

That said, have you read Van Tharp's "Trade your Way to Financial Freedom"? In it, he and Tom Basso proved they could make money with a random entry. That is, a coin toss determined whether they would take a position or not. They controlled their trade using stops and position sizing. They made money in 80 per cent of trades, and the system had a 38% reliability. Not bad for not giving any thought to your entry price!!
They used this example to really espouse money management, position sizing and exit strategies as being far more important than you entry.

Good points and a good "beginners" book. So it is important to also give some thought about entries if you really want to make a quid then
Have a good day.
Snake

 

[$20shoes]

hehe...point taken...I'll get there oneday Snake...I am a relative "newby", so am still really cutting my teeth and learning as I go. Slow and steady - and remain adaptable - that's what I've learnt so far.

 

[It's Snake Pliskin]

hehe...point taken...I'll get there oneday Snake...I am a relative "newby", so am still really cutting my teeth and learning as I go. Slow and steady - and remain adaptable - that's what I've learnt so far.

I am sure you can do it $20!

 

[Duckman#72]

For those of you who have been out of the country for the past four months and are checking in on BMX.............surprise, surprise, finished the day at.............28c!!!!!!! Can this stock be any more boring???

(I must let go of this share, I must let go of this share, I must let go of this share..................................)

 

[nioka]

For those of you who have been out of the country for the past four months and are checking in on BMX.............surprise, surprise, finished the day at.............28c!!!!!!! Can this stock be any more boring???

(I must let go of this share, I must let go of this share, I must let go of this share..................................)

I have a few BMX. I keep saying "I must hang on to this share." The fundamentals are sound, aren't they?

 

[Dutchy3]

Yes ... why I have it too is currently beyond me. Thought I'd be cute and buy into a stock that LOOKED like it could breakout.

Still ... I've not quite got over being cute either ... lets see how is goes. Mind MD is generally 1 : 4 so the sellers are ready to smack it back down. Where are the buyers with deep pockets from late August to September 2006!

 

[Bobby]

I still hold heaps of this stock.

Why? Check it out.

Bob.

 

[sandik17]

I still hold heaps of this stock.

Me too! And I intend to keep holding....but I can't wait to see it go upwards!!!

 

[Joe Blow]

I still hold heaps of this stock.

Why? Check it out.

Bob.

Come on Bob...

You've been here long enough to know you gotta do a bit better than that. Can you give us some specifics and point us in the right direction. Why do you like this stock?