BMX - BeMax Resources

$20shoes said:

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?

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Bobby said:

I do feel good with my holding

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Bobby said:

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

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It's Snake Pliskin said:

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.

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brerwallabi said:

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?

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$20shoes said:

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.

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It's Snake Pliskin said:

Sorry Bob I agree with brer

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Bobby said:

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.

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It's Snake Pliskin said:

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

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$20shoes said:

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.

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$20shoes said:

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.

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Duckman#72 said:

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..................................)

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Bobby said:

I still hold heaps of this stock.

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Bobby said:

I still hold heaps of this stock.

Why? Check it out.

Bob.

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