Bypass $500 'minimum marketable parcel'?

[TiminOz]

What do people think of valuations (like the one by Beers for Po3)...they seem like at least a good starting point for 'fundamental research'...

 

[tech/a]

Some charts
Refer to notes.

Overview

Currently no sign of a change in sentiment only
a pause in price.

By the way the weekly buy trigger is a tick above
This weeks high $4.93 which is a more conservative
longer term buy methodology.
As Tim wants to trade longer term perhaps trading the
weekly chart maybe better.
Id prefer to be patient on
entry so as not to waste a stop in a drifting stock price.

Thoughts Tim?---anyone.

 

[barney]

If it’s stopped out I’ll gift the $250 to Joe
Wear the $100 and grab a bourbon.

Lol .... I thought you were on the wagon Tech

PS Nice gesture and great for ASF ……

 

[tech/a]

Ha

I don't drink
Id have say a Dozen Bourbons a year and as many
beers. Other than that I'm pretty boring!
No wine Cant stand it
Same with Coffee.

 

[$20shoes]

I like the weekly for Tim, because it clearly shows a demarkation zone where buyers and sellers are having a bit of tussle. The wide ranging bars to the left attracted a lot of volume, but the 2nd of those couldnt hold its open, so something is happening there - ideas of fair value at this level, or profit taking...who know..who cares..but it does tell us that we should be mindful of supply.

The trend change was to ranging (sideways action), so Id retain a bullish stance on it at the moment, but I'd be more bullish with prices rising past $5 with some buying pressure.

After its stellar run, could be doing a little ABC flat correction to bide time..
I actually dont mind the look of it at this time...hopefully it has a run for you and Tim

 

[tech/a]

Nice observation Shoes!

 

[Boggo]

My software (weekly) says...

(click to expand)

 

[barney]

Ha

I don't drink
Id have say a Dozen Bourbons a year

I'm similar only I have my dozen in about a week …. My wife suggests I drink too much. I tell her she's right … everyone's happy


PS Good thread gents …… If we get a fill on the order, are we running our Stop at $4.44 ??

 

[tech/a]

The spread on this is around 20C and is very thinly traded.
I don't think we will be filled today.

 

[$20shoes]

I'm similar only I have my dozen in about a week …. My wife suggests I drink too much. I tell her she's right … everyone's happy


PS Good thread gents …… If we get a fill on the order, are we running our Stop at $4.44 ??

Maybe Tim could help us determine an exit level? Theres obviously a myriad of reasons why we'd exit a position - from fundamental weakness, to market weakness to mental and trailing stops. It might be good for Tim to thrash out some of the reasons to hold or sell.

One thing I remember very clearly when I first started trading was believing that I was right! Even when a position went against me, I couldnt believe the market could get it so wrong. And that's a very good way to lose your shirt as a beginner! Hard lesson learnt!

 

[TiminOz]

I haven't read all the posts yet - it looks like some detail...
But: have we bought yet? Or are we waiting for something specific?

I know it was a bit lower yesterday and day before and is going up...

But also the results of the trial will be in any day now, and if they are positive, the stock will likely go up....

Trial info on P03 website

(Lol good Brains Trust on this thread !)

 

[tech/a]

Not in Tim
I have posted a preferred buy point
However if you wish to buy regardless
On next open because your afraid youll miss out
I will do so Monday

I’ll just mention buy the rumour sell the fact.

 

[TiminOz]

Oh good, I will check it out

 

[tech/a]

Check out what?

 

[tech/a]

Not in Tim
I have posted a preferred buy point
However if you wish to buy regardless
On next open because your afraid youll miss out
I will do so Monday

I’ll just mention buy the rumour sell the fact.

https://www.google.com/url?sa=t&sou...e-past-year/&usg=AOvVaw0VqX5oXd-irW7F4_tvXcDT

 

[TiminOz]

Check out what?

Your suggested BP!

 

[TiminOz]

https://www.google.com/url?sa=t&source=web&cd=1&ved=2ahUKEwj8jbqa__bfAhXPAnIKHfFXBagQhjwwAHoECAEQAQ&url=https://www.fool.com.au/2019/01/07/why-the-purifloh-share-price-is-up-500-over-the-past-year/&usg=AOvVaw0VqX5oXd-irW7F4_tvXcDT

Haha that was one of the MANY things I read !

 

[TiminOz]

Trust me, Tim. "Charteology" is as much an Alice-through-the-looking-glass journey as other forms of analysis.

If you get to the point where you want to trade like you're running a business, reading Van Tharp's "Trade Your Way to Financial Freedom"

and following Peter2's trading threads on here is an excellent and educational journey.

But Robert Miner's "Dynamic Trading is very good too.

So are the guys and gals on here. Some are seriously good!

...reccos IMPLEMENTED.

 

[TiminOz]

Hey Tech,
I still have to read properly the charty stuff posted above including by you,
but I would like to say regardless immediately, if it DOES fall to your ideal buy-point
before i finish, pls go ahead and grab it !

I note its currently at
4.52

 

[TiminOz]

Hey Tech, is your buy point 4.62?
If so, then let's go ahead when trade opens (if you're up! )
- since its currently 4.52.