CMO - ComTel Corporation
- Thread starter Dutchy3
- Start date
-
- Tags
- cmo comtel corporation
CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
- Reactions
- 519
Re: CMO - Commoditel
This is an interesting stock atm. It could struggle to get through .03, then consolidate or even drop back to .02, making for a C & H pattern, at which point i would get back in for sure as i love to trade Cup and Handles, very powerful price action.
Cheers,
nizar said:
This is an interesting stock atm. It could struggle to get through .03, then consolidate or even drop back to .02, making for a C & H pattern, at which point i would get back in for sure as i love to trade Cup and Handles, very powerful price action.
Cheers,
doctorj
Hatchet Moderator
- Joined
- 3 January 2005
- Posts
- 3,271
- Reactions
- 8
Re: CMO - Commoditel
Commoditel is due to report on Wednesday. It appears punters are expecting a long overdue return to profitability for CMO based on their December quarterly. I personally have my doubts (refer to the thread on cash flow vs profit for reasons as to why this might be the case).
I agree CMO looks to be turning the corner, however I think it might be 6 months too soon.
I wonder just how many people have gotten onboard expecting a profit - in this case watch out for the buy-on-rumour, sell-on-fact effect come Wednesday. If Wednesday brings anything less than a profit (or perhaps breaking even on the 6 months), I'd expect to see people head for the exits.
Long term I'm bullish CMO, but I'm sitting on the sidelines at the moment and expecting some heavy selling on Thursday/Friday this week.
Commoditel is due to report on Wednesday. It appears punters are expecting a long overdue return to profitability for CMO based on their December quarterly. I personally have my doubts (refer to the thread on cash flow vs profit for reasons as to why this might be the case).
I agree CMO looks to be turning the corner, however I think it might be 6 months too soon.
I wonder just how many people have gotten onboard expecting a profit - in this case watch out for the buy-on-rumour, sell-on-fact effect come Wednesday. If Wednesday brings anything less than a profit (or perhaps breaking even on the 6 months), I'd expect to see people head for the exits.
Long term I'm bullish CMO, but I'm sitting on the sidelines at the moment and expecting some heavy selling on Thursday/Friday this week.
CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
- Reactions
- 519
Re: CMO - Commoditel
Be careful mate, a 28% increase will attract a speeding ticket, and if theres nothing to reply to it may get sold off tomorrow AM.
Cheers,
nizar said:
Be careful mate, a 28% increase will attract a speeding ticket, and if theres nothing to reply to it may get sold off tomorrow AM.
Cheers,
- Joined
- 7 December 2006
- Posts
- 254
- Reactions
- 0
Re: CMO - Commoditel
I sold a bit less than 1/3rd of my holding today at 0.032 so am now free carried
It is looking VERY overbought on the weekly charts RSI, I expect a pull back... but I also expect long term it is a goer I agree that after full year reporting should be the time it really takes off. If it pulls back to around the 0.02 mark I will probably buy some more
I reckon the chances of a profit for 1st half are probably not high, or if there is one it will be small.... total +ve cash flow for the year was only $781,000 due to the first quarter loss of $170,000 and who knows what they will put in for amortization and depreciation related to the last two customer base purchases.
I'm happy though because I still have a reasonable number which can continue to rise or fall without any real money being at stake
Tony.
I sold a bit less than 1/3rd of my holding today at 0.032 so am now free carried
It is looking VERY overbought on the weekly charts RSI, I expect a pull back... but I also expect long term it is a goer I agree that after full year reporting should be the time it really takes off. If it pulls back to around the 0.02 mark I will probably buy some more I reckon the chances of a profit for 1st half are probably not high, or if there is one it will be small.... total +ve cash flow for the year was only $781,000 due to the first quarter loss of $170,000 and who knows what they will put in for amortization and depreciation related to the last two customer base purchases.
I'm happy though because I still have a reasonable number which can continue to rise or fall without any real money being at stake
Tony.
doctorj
Hatchet Moderator
- Joined
- 3 January 2005
- Posts
- 3,271
- Reactions
- 8
Re: CMO - Commoditel
IIRC, Telstra amortise it over 11 years...wintermute said:
- Joined
- 7 December 2006
- Posts
- 254
- Reactions
- 0
Re: CMO - Commoditel
hehehe I just saw I'm in first place in the Feb tipping Comp... this is really ironic, the last day of Jan CMO released the quarterly and the price jumped from 1.3 to 1.7 (so my start price for the comp was substantially up because of one day) I thought ahhh no chance now... then today I'm leading on the second last day and the asx gives a speeding ticket!! doh...
Tony.
hehehe I just saw I'm in first place in the Feb tipping Comp... this is really ironic, the last day of Jan CMO released the quarterly and the price jumped from 1.3 to 1.7 (so my start price for the comp was substantially up because of one day) I thought ahhh no chance now... then today I'm leading on the second last day and the asx gives a speeding ticket!! doh...
Tony.
CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
- Posts
- 11,543
- Reactions
- 519
Re: CMO - Commoditel
And i picked it for next month! DOH!, heres a tip, you take my last months choice CXS, cos it looks like its forming a pennant!
Cheers mate.
wintermute said:
And i picked it for next month! DOH!, heres a tip, you take my last months choice CXS, cos it looks like its forming a pennant!
Cheers mate.
Re: CMO - Commoditel
I thought this was heading back to 2 as the quarterly was only fair. Today it hits 2.9 for a finish of 2.7 on large volume. I see the takeover of SNN as a step forward for CMO, but maybe something else is on the cards. Be an interesting day tommorrow. Can it break 3-3.2c or will it retreat.
I thought this was heading back to 2 as the quarterly was only fair. Today it hits 2.9 for a finish of 2.7 on large volume. I see the takeover of SNN as a step forward for CMO, but maybe something else is on the cards. Be an interesting day tommorrow. Can it break 3-3.2c or will it retreat.
- Joined
- 1 November 2006
- Posts
- 373
- Reactions
- 14
Re: CMO - Commoditel
CMO has shot up over 60% in one day and nobody's commented on it. But surely someone is watching this one. At least Wysiwyg, who voted for it in the monthly stock tipping comp. Wysiwyg? What's going on?
CMO has shot up over 60% in one day and nobody's commented on it. But surely someone is watching this one. At least Wysiwyg, who voted for it in the monthly stock tipping comp. Wysiwyg? What's going on?
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,131
- Reactions
- 11,230
Re: CMO - Commoditel
So why did it shoot up. What's the story? Why should we think it's going to keep going? etc etc?
Wysiwyg
Everyone wants money
- Joined
- 8 August 2006
- Posts
- 8,428
- Reactions
- 284
Re: CMO - Commoditel
.
Don't know why Kremmen. Quite a few rise suddenly for no apparent reason. Could be some "Hot Gossip"
.Re: CMO - Commoditel
Its the volume. Somebody spent $80k in one purchase cleaning out over 4 million shares at just under 2c. Then later someone picked up a minor order at 2.9c to finish off the day. Very thinly traded, but at $80k in one buy on a very thinly traded stock it looks like someone knows something we don't.
Its the volume. Somebody spent $80k in one purchase cleaning out over 4 million shares at just under 2c. Then later someone picked up a minor order at 2.9c to finish off the day. Very thinly traded, but at $80k in one buy on a very thinly traded stock it looks like someone knows something we don't.
- Joined
- 7 December 2006
- Posts
- 254
- Reactions
- 0
Re: CMO - Commoditel
or wants you to think so anyway...
Holding at a bottom draw loss rate (will need almost a 1000% rise to break even unless I start swing trading it).
There were all sorts of games being played with this one before the 10 for 1 consolidation (which it seems people thought was a share price spike because it very quickly went back to what it was before the 10 for one, which is how I got burnt). I think some of the shenanigans were due to opes prime, lots of run ups and then down probably someone going long then selling and shorting for the drop.
I'm waiting to see what happens... if it starts to behave like it did 2 years ago, will be good to trade, but be careful, as IMO it will be artificial. I made a quite a bit trading it before but then got caught holding when I should have sold, and lost more (on paper) than the profit I made doing the trades...
edit: I originally bought at 0.007 (before the 10 for 1 consolidation) with the feeling they were a turnaround stock... this worked quite well, only problem was they seem to be masters at turning profits into losses via accounting methods, so have never actually managed to post a "real" profit, despite some quite healthy ebitda's.
Tony.
or wants you to think so anyway...
Holding at a bottom draw loss rate (will need almost a 1000% rise to break even unless I start swing trading it).
There were all sorts of games being played with this one before the 10 for 1 consolidation (which it seems people thought was a share price spike because it very quickly went back to what it was before the 10 for one, which is how I got burnt). I think some of the shenanigans were due to opes prime, lots of run ups and then down probably someone going long then selling and shorting for the drop.
I'm waiting to see what happens... if it starts to behave like it did 2 years ago, will be good to trade, but be careful, as IMO it will be artificial. I made a quite a bit trading it before but then got caught holding when I should have sold, and lost more (on paper) than the profit I made doing the trades...
edit: I originally bought at 0.007 (before the 10 for 1 consolidation) with the feeling they were a turnaround stock... this worked quite well, only problem was they seem to be masters at turning profits into losses via accounting methods, so have never actually managed to post a "real" profit, despite some quite healthy ebitda's.
Tony.
