Australian (ASX) Stock Market Forum

CQT - Conquest Mining

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It is Commsec's most popular stock this morning... WOW.... :eek:

It is stuck around 41 cents... Keep going ya bastard... :2twocents
 
The other thing is the market is taking a beating today, particularly resources.

So CQT is doing superbly well considering.

It's down to 44c now.

I'm just gonna sit and watch. nervously.. :eek:
 
This is incredible, watch out for profit takers at the end of the session.

I wish i had listening to you guys and got onto it! :banghead:
 
ALFguy said:
Realist, have you moved your stop loss up from .26? :D
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No. :D


I'm not gonna use any stop loss for the moment. I'll just watch closely and judge for myself.. And wait for the next announcement.

Stop losses can pull you out of an excellent opportunity just because of a fluctuation.

Cuttlefish and others jumped out of this when they should not have because of stop losses. As an investor and not a trader I'm more than willing to hold on to a losing trade longer than most, that will backfire on me sometimes but on the other hand it will work in others - like this! :)
 
Hi All

I sold out enough to pay my initial investment and now what I have is free (if you dont count the tax I will pay on the profit of what I sold). A semi conservative strategy.

Also, would like to say that we dont need a running tally minute by minute of posts just telling us what the stock price is without any other useful information and pictures of big rockets.
 
Nicks said:
Hi All

I sold out enough to pay my initial investment and now what I have is free (if you dont count the tax I will pay on the profit of what I sold). A semi conservative strategy..
Click to expand...

Why? :confused:

You've probably just cost yourself alot of money.

Tax and brokerage are real you can not just dis-count them for the sake of a good story.

Today was a shocking day for Resource stocks, overnight we may get good news bumping CQT even higher - you should have held overnight IMHO!

Also, would like to say that we dont need a running tally minute by minute of posts just telling us what the stock price is without any other useful information and pictures of big rockets
Click to expand...

:fu:


When it hits 50 cents I'm gonna post all sorts of rockets and rub it in that you missed out. :D
 
Copper went down 3 days in a row, this lead by the decline in precious metal.
Market responded to this drop. CQT reacted in an awkard manner. Half to go before market close, and All Ord is moving upwards indicate a rebound for tomorrow, copper i believe shall cover some loss tomorrow, how would this react to the share price of CQT?
 
stockmaster said:
CQT reacted in an awkard manner
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What do you mean, awkward manner? :eek:

Appears CQT has shown it's strength over the last few days whiles the rest of the market took a hit. Looks like it has some way to go yet.
 
That's enough of the ramping in here please. We don't need constant price updates or pictures of rockets. For a moment I thought I was on another forum.

I understand the excitement when a stock goes for a run but that doesn't mean we have to clutter a thread with a bunch of posts that serve no purpose.
 
glad your still holding realist!!! How many shares do you hold?

I feel like an idiot for selling half of my original amount for a small profit.

still hold 15000 though
 
Realist said:
Why? :confused:

You've probably just cost yourself alot of money.

Tax and brokerage are real you can not just dis-count them for the sake of a good story.

Today was a shocking day for Resource stocks, overnight we may get good news bumping CQT even higher - you should have held overnight IMHO!



:fu:


When it hits 50 cents I'm gonna post all sorts of rockets and rub it in that you missed out. :D
Click to expand...

dis-count does not have a '-' in it.

As for some actual intellectual comments: it only cost alot of money if the stock goes up. Unless you have a crystal ball I suggest you dont bag the strategy.
Selling enough stock to cover my initial investment is quite an acceptable strategy, and unless you know how much I bought to start with you cannot know in % terms how much I had to sell to do tihs.
Secondly, it reduces my risk to virtually 0. If the share price goes up, I still gain as I still hold stock (so post me a rocket for all I care). If it goes down, then I do not lose as the Capital gains I made on the first sale are offset by the losses I make on the stock I still hold and interest on the gearing. Beats closing my eyes and hoping for the best or an announcement that may or may not come, or may be negative.

Brokerage cost around 30 bucks.

I dont see anything of intelligence or concrete in what you said. Good luck with your gambling and lets hope for both of us it does go to 50 cents. Im sure with the hourly postings of the stock price you provide we'll find out soon enough.
 
Realist said:
Why? :confused:

You've probably just cost yourself alot of money.

Tax and brokerage are real you can not just dis-count them for the sake of a good story.

Today was a shocking day for Resource stocks, overnight we may get good news bumping CQT even higher - you should have held overnight IMHO!
Click to expand...

Realist while I love your posts, comments like these are a bit silly. There is never anything wrong with taking 'Profits' off the table, which is just what Nicks did. I think it was a smart move by him, especially with such a speccie stock. And lets face it, holding this stock for 12 months or more is risky. To me the most important thing in this game is to protect your profits. I would rather pay a little tax and brokerage, than make a loss. I do hope this stock does well... always nice to see everyone making money.

But maybe I am more trader than investor.

PS. I loved the rocket :)
 
RickG said:
Realist while I love your posts, comments like these are a bit silly. There is never anything wrong with taking 'Profits' off the table, which is just what Nicks did. I think it was a smart move by him, especially with such a speccie stock. And lets face it, holding this stock for 12 months or more is risky. To me the most important thing in this game is to protect your profits. I would rather pay a little tax and brokerage, than make a loss. I do hope this stock does well... always nice to see everyone making money.

But maybe I am more trader than investor.

PS. I loved the rocket :)
Click to expand...

:eek: Someone liked the rocket!! :D

Well Nick may have the last laugh as CQT is down today. Can I post a picture of a cliff diver or a rubbish dump? :confused:

The one thing traders do is jump too quickly. At the first sign of trouble they jump and run and hide. They'll tell you they never get hit by HIH and Enron type problems which may or may not be true.

But they'd buy into PDN, watch it rise, then fall a bit and jump out - paying taxes, then they buy back in at a higher price and watch it rise and see it fall then sell and pay taxes.

It is a fine balance whether to stay in or not, and you need to protect your capital but if you buy into a company you need to give it a chance to grow in my opinion.

Of course I am not leveraged and diversify widely, and this was a small punt. So I'll wait patiently with CQT even if it drops to 20 cents I'll wait. Purely in anticipation of the next announcement...

And then I will reasses. I will not be swayed by market sentiment in this case.
 

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