Australian (ASX) Stock Market Forum

CQT - Conquest Mining

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cuttlefish said:
looks like there were a fair few stops at 33.5 and 32 - both pretty obvious stop levels - intraday low and yesterdays close. (my trailing was at 33.5 but only got 32.5/32 on execution).

Be interesting to see what the next round of drilling produces - certainly an interesting couple of drill holes in this lot.
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Did you sell Cuttlefish? :eek:

How much you make/lose?

How often do you trade? :confused:
 
Yeeouch it is back down to 30. :banghead:

People not wanting to hold it overnight!! :cool:
 
Its always a good sign when the Director is buying stock though! Dont kick yourself when tomorrow this returns to 0.37 or higher. All it will take is a commodity price increase overnight.
 
0.285 now!!

I'm gonna hold overnight!! (I've got big balls and a small brain)
 
Back to 0.3 it is holding!!

30 seconds to go on todays trading... :eek:
 
Days over. Closed at 0.3.. :cautious:

bear-market.jpg
 
Nicks said:
Its always a good sign when the Director is buying stock though! Dont kick yourself when tomorrow this returns to 0.37 or higher. All it will take is a commodity price increase overnight.
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I don't consider the recent director purchase a significant amount. approx.$10,000 BIG DEAL!!!
Directors often buy (esp. into penny hopefuls) to give the impression that the future is bright to all those mug traders out there.
 
what an insane trading day for cqt. looks like a lot of profit takers dragging the price down in the afternoon. the trick is not to panic. when new drilling results are announced in the near future that confirm the commercial viability of the deposit the shareprice will rocket. some people are just getting cold feet. after all it is a highly speculative buy and most people have conditioned themselves to act conservatively in such a volatile trading environment. Hang in there guys. the drilling results are quite impressive. if this can be averaged out over the entire magnetic anomaly they are currently assessing then this could mean a few billion dollars worth of copper, gold and silver. already adding to their sizeable resource base.

I'm nervous about tomorrow but am still holding
 
imajica said:
what an insane trading day for cqt. looks like a lot of profit takers dragging the price down in the afternoon. the trick is not to panic. when new drilling results are announced in the near future that confirm the commercial viability of the deposit the shareprice will rocket. some people are just getting cold feet. after all it is a highly speculative buy and most people have conditioned themselves to act conservatively in such a volatile trading environment. Hang in there guys. the drilling results are quite impressive. if this can be averaged out over the entire magnetic anomaly they are currently assessing then this could mean a few billion dollars worth of copper, gold and silver. already adding to their sizeable resource base.

I'm nervous about tomorrow but am still holding
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Are you confident enough to hold, ignore market sentiment and not look at the price for 3 months? I doubt it (neither am I)

But in all seriousness that is sometimes the safest thing to do if you are extremely confident in a stock.

It is hard to see anyone that confident about this though. You sounded bloody confident initially in your statement - what is your stop loss?

Mine is 26c (just a 3.5c dip tomorrow and I better sell :mad: )
 
just remember guys that in the afternoon the index dropped 40 points or so. people were selling off across the board not just in Conquest.
 
imajica said:
just remember guys that in the afternoon the index dropped 40 points or so. people were selling off across the board not just in Conquest.
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Excellent point, and that gave me more confidence in holding it overnight.

And the Dow shot up last night, it could very well be good times this morning. Fingers crossed.
 
33 cents now...

All my shares are flying this morning!! :xyxthumbs

Even Bluescope, will miracles never cease? :p:
 
sold 15000 of my 29300 shares this morning. the volatility was freaking me out. will leave the rest though and see how the upcoming drilling results pan out
 
It is sitting at 30 cents. I'm just gonna leave it and hope.
 
director buys 700000 shares, always a good sign. the 10000 share buy a few days ago was piss weak. but this many is definitely a sign of confidence for things to come!

am still holding my remaining shares

should be an updated announcement soon
 
I had a quick look at that announcement earlier today - I'm not sure its saying the director has bought shares - I think he might have just transferred some to his wife (it says off market transfer while the 10,000 the other day was an on market purchase). (I could have this wrong so check it out yourself of course).
 
I've just compared the new drilling results from Cudeco and the recent Conquest Mining results and I'm not seeing too much difference. They both look impressive. CQT still has a long way to run, will take a few more drilling results tho
 

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