CAI - Calidus Resources

krisbarry · 25 September 2005

Re: PNO (PHARMANET)

Thanks for the chart, although you seem to paint a very gloomy picture here.

So Tech/a with all your charting knowledge why did you say a close of 2.6 or lower? clearly you cannot judge a stock by charting alone!

I think PNO has hit the floor @ the 2 cents mark, and now start its slow trend upwards.

Why the 66% pump on Thursday?

Its got me stumped!

Even if it traded at your optimistic 4.1 level it will still bring me a tidy profit. Its not all that bad is it, really?

I just remeber the days memebers on this board and other boards bagged the crap out of me when LVL hit the floor @ 2.5 cents and then, look what happened. Anything is possible!!!

krisbarry · 25 September 2005

Re: PNO (PHARMANET)

By the way here is a more optimistic 2 month chart of PNO

tech/a · 25 September 2005

Re: PNO (PHARMANET)

Kris.

I veiw a chart from what it tells me.
Your looking for everything you can find that is positive (purely natural).
Yes anything is possible--from 20c tommorow to bankruptcy--niether likely.
Charts are not predictive---all they can do is give us a picture of trading sentiment.Thats what I have reported on here.

Its NOT gang busters and currently its not all doom and gloom.
I personally wouldnt buy it now.
Tommorow I think it will range around a bit.
2.6c was a guess other than being out a few points pretty well everything went to plan.

Kris I'm not trying to knock down your trade just give you a veiw not tainted by $430 a tick.
It may not reach 4.1 c but if it did then I would buy (If I wanted it).
Anyway I'm just suggesting you look at how you manage your trades.
If you run out of $$s then you cant play!.

krisbarry · 25 September 2005

Re: PNO (PHARMANET)

tech/a said:
2.6c was a guess other than being out a few points pretty well everything went to plan.

No...that is not correct, re-read what you wrote. You predicted a surge on open, that did not happen, you also predicted a fall back to its open price or the previous days close, that did not happen and you also predicted a 2.6 close or lower, that did not happen either. so how can you tell me it went to plan?

The only part you got correct was a slight downward trend, thats it!

And you predicted all of this using a chart, and fundementals?

So wrong!

Joe Blow · 25 September 2005

Re: PNO (PHARMANET)

krisbarry said:
No...that is not correct, re-read what you wrote. You predicted a surge on open, that did not happen, you also predicted a fall back to its open price or the previous days close, that did not happen and you also predicted a 2.6 close or lower, that did not happen either. so how can you tell me it went to plan?

Kris, tech didn't say there would be a surge, he said there may be a surge. Big difference. Take another look.

tech/a said:
I reckon you may get this surge then price will re visit the open or yesterdays close and go on to burn.
Finishing at below 2.6c.

Kris, I lost $25,000 on UCL five years ago by doing exactly what you are doing. Buying on hype or a surge and then hanging on, all the while telling myself that it would revisit the price I paid.

Needless to say, I was wrong. Very wrong. It was a very expensive lesson. It was also $25,000 I really couldn't afford to lose.

Getting emotionally attached to stocks is not a good idea.

krisbarry · 25 September 2005

Re: PNO (PHARMANET)

Ok point taken, but I think predicting via charting is not always accurate either.

Joe, did you attempt to average down?

In the end did you sell at a loss, or did the company go belly up?

Joe Blow · 25 September 2005

Re: PNO (PHARMANET)

krisbarry said:
Joe, did you attempt to average down?

In the end did you sell at a lose, or did the company go belly up?

Yes, I averaged down. But the price kept on going down.

UCL is still around, but I don't think they will ever see the price I paid again. They are back to mining now. I got burnt in the tech boom like so many others because I didn't have a clue what I was doing. I thought I did, of course. But I was just another mug punter with dollar signs in his eyes. I was treating the market like a casino. That one trade put me out of the market for four years and into debt.

What the whole experience taught me is that you HAVE to set stops, because otherwise you can very well get eaten alive and protecting your capital is the name of the game. Like tech said, if you don't have any $$$$, you don't get to play.

Every now and again, I still treat the market like a casino, but I don't hesitate to pull the trigger and get out if the trade starts going against me now. It's always better (and safer) to watch from the sidelines.

Once bitten, twice shy.

ghotib · 26 September 2005

Re: PNO (PHARMANET)

krisbarry said:
I just remeber the days memebers on this board and other boards bagged the crap out of me when LVL hit the floor @ 2.5 cents and then, look what happened. Anything is possible!!!

Kris,
You told us that you had bought LVL for its long term prospects, and posted a LOT of messages suggesting that it was a sure thing because it was taking advantage a growing market of rapidly ageing baby boomers. You held for what - 3 months? - then sold out. So did you change your mind about its prospects, or did you never intend to hold it for the long term?

On this thread you're talking as though you're only interested in short-term price movements on small / micro caps and you're trading them primarily on market sentiment as shown in buyer and seller pressure. Is that right?

That seems VERY risky to me even with tight stops, which you don't use, because sentiment can change very fast and downturns are usually much steeper than recoveries. Still, it's your risk and I wish you well.

However I think you multiply your risk enormously if you're not clear about why you buy. If you're trading market sentiment, then why would you trade against trend i.e. why would you average down? The only reason I can see is that you expect sentiment to change, but then you tell us that the only signals you use are buy and sell orders, which tell you what sentiment is, not what it will be next. And if those are your only signals, then why so much talk about charts, groups structures, booming markets etc? If you're trying to move market sentiment - well I don't think the combined power of this forum is enough to do that (yet). If you're trying to convince yourself... why do you need to? Better to look for the negatives and only buy when you can't find them.

Personally I'd seek my thrills in stock cars rather than the stock market :-D

Ghoti

krisbarry · 26 September 2005

Re: PNO (PHARMANET)

I held LVL for 10 months, and I still stand by what I said. It is a rapidly growing market. Billions of dollars to be made out out the aging population. Although a long, very long term hold, (Up to 4 Years). I think a little too long for my liking, when I look back at it now.

There are no rules to where I put my money and for how long and in what stocks/sectors etc.

As I have said b4 I have factored in losing the lot too. A stop loss doesn't stop a company going under right.

At the end of the day most companies try and do the right thing. Sure there are the horror stories of memebers losing the lot and that does concern me, but it doesn't frighten me either.

I am here to take risks, that is what makes me tick! Most of the biggest risk takers on this earth gained the most. Only a very few lost the lot!

Geeez I chucked $23,000 on an eduction and that got me a piece of paper, now that was a risk, with very little reward!

In the big scheme of things the amount of money I am risking is very minor, much less than I spent on my education.

krisbarry · 26 September 2005

Re: PNO (PHARMANET)

Joe Blow said:
I lost $25,000 on UCL five years ago by doing exactly what you are doing. Buying on hype or a surge and then hanging on, all the while telling myself that it would revisit the price I paid.

Needless to say, I was wrong. Very wrong. It was a very expensive lesson. It was also $25,000 I really couldn't afford to lose.

Getting emotionally attached to stocks is not a good idea.

UCL looks pretty strong now

Yippyio · 26 September 2005

Re: PNO (PHARMANET)

krisbarry said:
In defence of PNO, I find that as a small cap. company they have branched out into many other companies which will help to keep them afloat.

Corporate Structure:

The following diagram illustrates the Group's corporate structure.

Source www.pharmanet.com.au

Hi Krisbarry,

Do you know what each of these companies contribute to bottom line or are they dormant shelf companies ? It seems like there are alot of companies which are 100% owned by PNO, are PNO resourced to manage these other businesses ?

Joe Blow · 26 September 2005

Re: PNO (PHARMANET)

krisbarry said:
UCL looks pretty strong now

Yes, five years later.

But it is still nowhere near what I paid. Take a look at a five year chart and things will become clearer.

Yippyio · 26 September 2005

Re: PNO (PHARMANET)

Joe Blow said:
Yes, I averaged down. But the price kept on going down.

UCL is still around, but I don't think they will ever see the price I paid again. They are back to mining now. I got burnt in the tech boom like so many others because I didn't have a clue what I was doing. I thought I did, of course. But I was just another mug punter with dollar signs in his eyes. I was treating the market like a casino. That one trade put me out of the market for four years and into debt.

What the whole experience taught me is that you HAVE to set stops, because otherwise you can very well get eaten alive and protecting your capital is the name of the game. Like tech said, if you don't have any $$$$, you don't get to play.

Every now and again, I still treat the market like a casino, but I don't hesitate to pull the trigger and get out if the trade starts going against me now. It's always better (and safer) to watch from the sidelines.

Once bitten, twice shy.

Hi Kris,

Here is another horror story, you might remember when RKN listed (Quicken Software), just at the end of the dot com boom in 1999. MYOB had been going gang busters, RKN was in the same market and for all intense and purpose it should have fired as well.

Day 1: RKN lists & I buy 100 000 @ 2.60, RKN closes down 0.31 cents.
My broker advised me to hang on, it will come back tomorrow and there is a delayed settlement.

Day 2: RKN closes down another 0.33 cents, broker advises to hang on due to delayed settlement and the stock will come back.

Day 3: RKN closes down another 0.45 cents, broker says hang on.

Day 4: RKN closes down 0.46 cents, broker puts me into a margin call. I am down $ 155 000 in four days and the broker turns on me like a cut snake demanding that I settle up immediatly.

I then try and sue broker but my legal advice was I don't have a hope.

RKN has never been anywhere near what it listed at and actually got down to a low of 0.07 cents.

What I learnt from this very expensive lesson was not to put all your eggs in one basket, do not fall in love with your position, have an exit plan and brokers are not your friends. I have not used a broker since.

It still hurts to think about this distrastrous trade but the hurt will hopefully prevent me from doing anything as stupid, ever again.

krisbarry · 26 September 2005

Re: PNO (PHARMANET)

Unsure of how much these companies contribute to the bottom line, or how much funding PNO needs to resource them.

PNO is due to release their annual report this Thursday, so the figures may be inlcluded in it.

krisbarry · 26 September 2005

Re: PNO (PHARMANET)

Yippyio said:
Hi Kris,

Here is another horror story, you might remember when RKN listed (Quicken Software), just at the end of the dot com boom in 1999. MYOB had been going gang busters, RKN was in the same market and for all intense and purpose it should have fired as well.

Day 1: RKN lists & I buy 100 000 @ 2.60, RKN closes down 0.31 cents.
My broker advised me to hang on, it will come back tomorrow and there is a delayed settlement.

Day 2: RKN closes down another 0.33 cents, broker advises to hang on due to delayed settlement and the stock will come back.

Day 3: RKN closes down another 0.45 cents, broker says hang on.

Day 4: RKN closes down 0.46 cents, broker puts me into a margin call. I am down $ 155 000 in four days and the broker turns on me like a cut snake demanding that I settle up immediatly.

I then try and sue broker but my legal advice was I don't have a hope.

RKN has never been anywhere near what it listed at and actually got down to a low of 0.07 cents.

What I learnt from this very expensive lesson was not to put all your eggs in one basket, do not fall in love with your position, have an exit plan and brokers are not your friends. I have not used a broker since.

It still hurts to think about this distrastrous trade but the hurt will hopefully prevent me from doing anything as stupid, ever again.

Although this is another horror story, many people say never buy a stock on listing, that is a far greater risk, than buying into a company that is already established.

And many people also say....don't ever listen to brokers either.

At the end of the day it is your money and your investments.

If you had of invested that money yourself you may have done far better off than your broker did.

Also margin lending increases the risks too. Magnifies the losses!

Yippyio · 26 September 2005

Re: PNO (PHARMANET)

krisbarry said:
Although this is another horror story, many people say never buy a stock on listing, that is a far greater risk, than buying into a company that is already established.

And many people also say....don't ever listen to brokers either.

At the end of the day it is your money and your investments.

If you had of invested that money yourself you may have done far better off than your broker did.

Also margin lending increases the risks too. Magnifies the losses!

Agreed, just thought I would put it out there, as much for other peoples benefit as my own.

krisbarry · 26 September 2005

Re: PNO (PHARMANET)

Phase 1 clinical trials of tripeptofen commenced back in May 05 and will continue for a 12 month period.

Partial results may be released to the market at anytime. Just another theory to maybe why the surge in share price last Thursday.

I suspect insider trading.

Lab workers etc.

tech/a · 26 September 2005

Re: PNO (PHARMANET)

Kris.

You keep mentioning insider trading.

What specifically do you classify as insider trading?
What makes you suspect "Insider Trading".
If you can spot suspected Insider trading why hasnt there been a trading halt and an ASIC investigation?

Was "Rogue" on T.V last night.

krisbarry · 26 September 2005

Re: PNO (PHARMANET)

It is almost impossible to track insider trading, some get caught, but many can never be found.

Employees tell friends of friends of friends. Lab results get leaked.

Volunteers in studies getting results.

Why does a stock listed on the market almosts always rise just b4 a good annoucement? surely it is not all just all speculation.

Just like the politicians find their policies are leaked to the media, how does it happen, employees, telling friends of friends of friends.

krisbarry · 26 September 2005

Re: PNO (PHARMANET)

Nice finish for the day, up 16.7% . Double top at 3.5 cents now.

Extremely low volume, very concerning

Bank balance looks healthier though up $2,150

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