BMX - BeMax Resources

[wayneL]

Zoo,Analyst,and all the other names you use to post...you come up with a new slant all the time..Did I not just post that Zircon price had been increased by 25%.....as far as energy prices..well everyone has to pay more even BHP....no wonder prices are rising...BMX will repot at the end of March...I bought and also feel they will jet go higher due to their production...and anyone wants to check them out go to www.bemax.com.au

To clear up any confusion: by comparing IP addresses, it is apparent that "zoo" and "The Analyst" live in different states and could not be the same person.

Cheers

 

[zoo]

Cheers Moderator, why is it that when someone offers another slant on a stock, some people go a little....different?

Open forum means diff views appreciated....lol.

Good trading guys.

 

[chicken]

To clear up any confusion: by comparing IP addresses, it is apparent that "zoo" and "The Analyst" live in different states and could not be the same person.

Cheers

At least that is cleared up...have discovered that the analyst uses a lot of different names on one board he uses 8 different names..my apology ZOO..have a nice day...also Zoo yes I like your slant on this stock..re $1.40 in 12 months very likely.....another Iluka in the making I pointed out that Bemax bought from Sons of Gwalia the sandmining assets great one to watch..BMX are ramping up their production..seems all good news...

 

[zoo]

Apoplogy accepted chicken...but your cred has taken a hit in my books....now, back to the shares..

 

[chicken]

Bemax will give an update on their performance this months...the stockprice is cheap for the underlying fundamentals as they are now in production see www.bemax.com.au and it looks to me they are on the ball.....read the webside as it gives you a good understanding of this company..I am impressed as Bmx achieved all their goals so far...part of the company is an asset they bought from Sons of Gwalia in WA....all a go there...

 

[chicken]

Bemax will give an update on their performance this months...the stockprice is cheap for the underlying fundamentals as they are now in production see www.bemax.com.au and it looks to me they are on the ball.....read the webside as it gives you a good understanding of this company..I am impressed as Bmx achieved all their goals so far...part of the company is an asset they bought from Sons of Gwalia in WA....all a go there...

Well,it looks as BMX has turned the corner...made a profit..and started producing at the Ginko..the results are excelent as the result does not include their new production..so the next year results will all be positive..see Zircon increased in value by 25%...allwill show up in their next 1/2 year financials...looks all good for BMX...look at their full year results....out now

 

[Ann]

Hello Chicken,

May I offer you my thoughts on a chart?

 

[Bobby]

Yep its building up for the next Blow, its coming this month !. :

Bob

 

[RichKid]

Hello Chicken,

May I offer you my thoughts on a chart?

I've been watching this as well, Ann's chart is great.
Main point I've noted so far is the triangle like pattern forming and its similarity to a similar smaller pattern formed earlier (see first quarter of chart with pivot low at first half of triangle, similar to recent pivot low which closed the earlier gap that Ann points out). btw I thought the gap was closed? or does it have to be a close below it? either way buyers drove price up strongly that pivot day.

So onwards? Trend still very much intact. Guess a lot will ride on the annct. Certainly hasn't been any fresh buying on a big scale since people took profits at the last high.

Might range a bit imo but I've got this wrong so often it's not funny. Current ledge around 39c may be a low risk entry, but which way will it break? Or is it not a ledge?

 

[chicken]

Made it into the ASX300 and the ST&POORE ALLORDS......

 

[ctp6360]

Ann, I like your analysis of the daily graph, but did you glance at the weekly or monthly graph at all? From what I can tell, both are trending upwards...

 

[Ann]

Hi ctp6360,

No I must confess, I don't look at anything more than a daily. I have tried to work with weekly charts and even glanced at monthly charts at one stage. I noted on a couple of the monthly charts of the sectors and indices that some actually showed the odd, reasonable Kangaroo tail where the roos actually jumped in the right direction.

A number of Bulkowski's chart patterns also require the chart to be viewed on a weekly. I am tending to give these a miss in my studies.

The way I read a chart is to look for really subtle hints. Things that you can only just see if one concentrates very hard. The weeklies lose all that subtlty and I only feel I am getting too broad a view of the overall picture and missing my all important subtle clues......sometimes it feels like detective work with a magnifying glass

 

[ctp6360]

Thanks for your reply Ann, I really enjoy your analyses which is why I commented, I have recently been reading "Come inside my trading room" by Dr Alexander Elder, and his technique is to look at trends on 3 "screens" where he looks for trends in 3 different time frames relative to how you work, for instance if you normally look at dailies you look at weeklies and monthlies..

He recommends that if there is a defined and common trend between the weekly and the monthly graph (like there is in BMX's case) and there is a drop in the dailies, that this is a good time to buy.

I have no experience in this other than just reading half the book, so I'm not saying this is what is going on here, just that I have observed that in this case you get a much different perspective by looking at the "bigger picture" in terms of the weekly and monthly graphs.

Please keep your analyses coming, I think you're doing a great job, and I'm learning by looking at them!

 

[Ann]

I have recently been reading "Come inside my trading room" by Dr Alexander Elder, and his technique is to look at trends on 3 "screens" where he looks for trends in 3 different time frames relative to how you work, for instance if you normally look at dailies you look at weeklies and monthlies..

He recommends that if there is a defined and common trend between the weekly and the monthly graph (like there is in BMX's case) and there is a drop in the dailies, that this is a good time to buy.

Yes split screens could be interesting ctp6360. I have never had the opportunity to do that with charts. There are so many great trading books around, every one will have something to enrich your knowledge. Perhaps if you enjoy the Elder book you may like to glance at another book by one of Elder's disciples....."The Aggressive Investor" by Colin Nicholson. He is a wonderful speaker, he makes very few public appearances but if you get the opportunity to hear him speak I can really recommend him.

I think I noticed Colin's book was on special at the Aussiestockforum's bookshop. I think...maybe? Sorry if I am wrong. Easy to find anyway.

 

[Bobby]

Looks like my secret true ratios say that BMX will move up tomorrow.
Although I'm over topped up will be buying on the offer early.

Do not take this as a buy as I may be wrong.

But I think not.

Regards Bob.

 

[It's Snake Pliskin]

Looks like my secret true ratios say that BMX will move up tomorrow.
Although I'm over topped up will be buying on the offer early.

Do not take this as a buy as I may be wrong.

But I think not.

Regards Bob.

These ratios of yours......

 

[Bobby]

These ratios of yours......

Yep Snake them ratios were correct again, up goes BMX !.

Have fun Bob.

 

[chicken]

Yep Snake them ratios were correct again, up goes BMX !.

Have fun Bob.

YEP,looks as if the funds are selling Iluka and buying Bemax...Iluka dropping in value and BMX rising..nearly 5million shares traded today..yep, RichKid hope you still got some because the SP is going north...you little beauty.....looks as if this will be another winner....

 

[Bobby]

YEP,looks as if the funds are selling Iluka and buying Bemax...Iluka dropping in value and BMX rising..nearly 5million shares traded today..yep, RichKid hope you still got some because the SP is going north...you little beauty.....looks as if this will be another winner....

Yes today was most interesting Chicken, the battle tomorrow may be the transformation to open a new high later this week ? .

Bob.

 

[chicken]

Yes today was most interesting Chicken, the battle tomorrow may be the transformation to open a new high later this week ? .

Bob.

Should see 46cents this week.....its a goer this one...looked at some technicals and its all go....money flow, volume, its all good.