Bypass $500 'minimum marketable parcel'?

[tech/a]

Tim

There is no indication that this stock is moving higher.
In fact its not doing a great deal. That will change sooner than later.
Buying now is punting I really want to see something that convinces me that
there is a good chance we wont be stopped out very quickly.

As price drops you'll note that my very rudimentary entry level moves down as well.

This is not something I would trade as it currently stands.
I think it wise that you stand back and take a look at whats happening.
Right now NOTHING is at risk.

If you really want me to take the trade I will but with a $100 risk
Once that's gone--game over!

 

[TiminOz]

What would have been your prediction for the stock with a chart on Nov 15, 2018?

 

[tech/a]

Why?
We are trading the right side of the screen

I never have a “Prediction” only indications of
Possible future price action.

Right now there is no indication of anything other
Than a pause.
That will change but until it does.

 

[tech/a]

Ouch!
Trading at $4.21!
Patience has been a good thing.

 

[tech/a]

Oh my oh my!
$4.02 last trade!
Not looking good!
Still will keep an eye out for
any opportunity--will probably be a while.

 

[TiminOz]

Hey Tech, I'm still trying to find the time to read the above stuff about charting. I expect it to be something I can learn from but also challenging material.

(Also had a serious PC problem last couple of days, and TBH I have to spend most of the next couple of days applying to uni )

Anyway: I am unclear whether you are saying it is best not to buy in the foreseeable future
or you're waiting for a specific price...Hopefully I'll work that out when I sit down to really grok the stuff.

___________________________________

But regardless: if you do see a price you think it's worth buying at, please go ahead without the need of further confirmation

 

[$20shoes]

Tim, what we can do is trail a buy price at some distance that steps down as the price falls. In this way, we dont miss out on purchasing if the price suddenly turns up but we also want to increase our odds that we'll make a successful trade.

Well a trailing buy price is just one aspect to a possible trade, but I know Tech will be looking for buying interest. We can use a number of methods to determine this, but understanding what volume is telling us is a skill worth pursuing and one that is not easily mastered (coming from someone who hasnt really mastered it).

If theres a bias toward a stock that's meandering or falling in price, you'll often see forum comments (not on ASF) such as "the bots are containing the price while someone accumulates" or "the big boys are trying to shake the retail holders out of their stock". Sometimes this does happen, but often times you see the same excuses for a stock that does nothing for 2-3 years. It's simply a lack of demand. And the underlying reasons for a stock not moving is not really of consequence for us. We jsut want to be on board when the odds are more in our favour; when we see buying demand or some clear momentum building.

 

[tech/a]

Tim, what we can do is trail a buy price at some distance that steps down as the price falls. In this way, we dont miss out on purchasing if the price suddenly turns up but we also want to increase our odds that we'll make a successful trade.

Well a trailing buy price is just one aspect to a possible trade, but I know Tech will be looking for buying interest. We can use a number of methods to determine this, but understanding what volume is telling us is a skill worth pursuing and one that is not easily mastered (coming from someone who hasnt really mastered it).

If theres a bias toward a stock that's meandering or falling in price, you'll often see forum comments (not on ASF) such as "the bots are containing the price while someone accumulates" or "the big boys are trying to shake the retail holders out of their stock". Sometimes this does happen, but often times you see the same excuses for a stock that does nothing for 2-3 years. It's simply a lack of demand. And the underlying reasons for a stock not moving is not really of consequence for us. We jsut want to be on board when the odds are more in our favour; when we see buying demand or some clear momentum building.

What he said!

 

[tech/a]

Hope your watching Tim!!

P03 is very thinly traded.

As such it has a wide spread and often
lurching up and down due to the spread.
Volume is also low making it difficult to find support
and supply needed to drop a lot to find enough demand.

Next stop on the way down $3.50-3.20
There is currently no indication that there is any upside.
So we wait!

 

[tinhat]

PO3 Purifloh Limited. I've just looked at the chart, don't know anything about the company. If your motivation is "fear of missing out", on a risk/reward basis, looking at the chart only, I'd say you're not missing out (I've been there and done that too many times). Plenty of time to watch this play out.

Listen to the duck. He has a style and a method. You've all but signed up to it. I and many others here are emotionally invested now! This has been an educational discussion already.

 

[tech/a]

PO3 still tanking.

Think we saved Tim a few bucks
Dont know about his mate?

Where is Tim?

 

[BlindSquirrel]

 

[$20shoes]

Yeh, the volume is still heaviest on the down days, so we're still seeking some support that's not there yet.
There's a bit of a channel on the down leg from January which we could use to help us plan a bit of a breakout trade. But it's a little boring at the moment. Tim, should pick another one while we wait. Good chance to learn!

 

[greggles]

Looks like Tim has left the building, and tech/a didn't even have to stump up the $500.

This thread is a good lesson on why you shouldn't listen to stock tips from the taxi driver... or your mate.

 

[TiminOz]

Haha Greggles more like a lesson on
- taking people at their word, and
- not making assumptions

I was busy applying for uni, as I said.
(Then I had to deal with a computer crash)

"I'LL BE BACK !"
...and I am.

And I already stated my preferences about the stock:
"But regardless: if you do see a price you think it's worth buying at, please go ahead without the need of further confirmation "

Now I'll read what's been said in the intervening period and check the price, and whether they've come in with their scientific results yet

 

[tech/a]

But regardless: if you do see a price you think it's worth buying at, please go ahead without the need of further confirmation "

Haven't seen any reason to buy this.

 

[TiminOz]

My impression of Tech - still held - is that he's a solid man of his word.

So he probably lives by the principle that he expects others to just live by theirs.

Definitely NOT one of those flowers that needs someone to re-confirm the appointment with a text one hour before the meeting lol

 

[$20shoes]

I quite like MGX still Tim, if you want to look at a possible trade while we're in a holding pattern for PO3.
There's nothing particular about it. It had a nice breakout - its been in a flat correction for a couple of weeks, and we could try and trade a pop up from these levels. No time for charts today but maybe discuss further tomorrow if its your thing.

 

[Craton]

Wow! What a thread! So much to be gleaned from this one.

ASF and especially Joe, you're all absolutely bloody amazing. tech/a, you are AWESOME!

With much humility, thank you.