YT im doing some reading on Cullen but you have covered a lot of it allready...I agree with the volume though.
Total Class Issue: 474,039,763
Greater than 1/5 of the company changed hands..thats big.
Total holding of twenty largest shareholders = 93,020,712
Take out the top 20 share holders and we have 381 million tradable shares.
Volume today was just under 96 million.
Thats 1/4 of the tradable shares exchanging hands. Thats huge IMO. Looking forward to tomorrow. The DOW looks set to open lower so hopefully it doesnt get smashed..but even if it did I think CUL could perform very niceley tomorrow.
Thanks Niz,
What do people think of my theory?
I could be way off, but the volumes were huge and even more so considering it was a down day, something must be up, thoughts?
Thanks Niz,
What do people think of my theory?
I could be way off, but the volumes were huge and even more so considering it was a down day, something must be up, thoughts?
Chris that top 20 is wayy outdated Jan 2007
What do you reckon re my accumulation or Insto buying? I know it sounds crazy, ut the buying was crazy, I saw some 2m and 3m orders go up at 7c+ today, traders don't do that, no way they buy that many at the peak, or am I just reading into things too much
Chris that top 20 is wayy outdated Jan 2007
What do you reckon re my accumulation or Insto buying? I know it sounds crazy, ut the buying was crazy, I saw some 2m and 3m orders go up at 7c+ today, traders don't do that, no way they buy that many at the peak, or am I just reading into things too much
Does anyone have any timestamped data for today?
I'd like to know what the volume was before YT posted his research around the place.
That would be a good indicator of whether or not it's just ASF's who are cashed up from a series of good advice ... YML, FNT, FWL, MGO to name a few.
What brought this to my attention again yesterday was its move up and hold above the 4.5c mark, not on large volume of course, but with the market going through a minor correction it seemed like a positive sign.
I think the fact that it opened above 5c first thing might indicate that it wasnt traders pushing it up, rather it was someone trying to fill a position. I think traders probably started to enter later when the volume and movement started to hit their radars.
Im a little disappointed with myself for not topping up here after looking at the iron ore potential at 2am this morning!! But still happy to have held a good parcel for a while, as i have always thought it has held great potential, just sometimes takes time for the market to notice.
I mean seriously, a small cap with JV partners of BHP, FMG and Aquila? If that doesnt scream "opportunity" im not sure what does.
Plus, Iron Ore, Gold and Uranium, thats great exposure to some of the hot commodities of the next few years.
Thanks Niz,
What do people think of my theory?
I could be way off, but the volumes were huge and even more so considering it was a down day, something must be up, thoughts?
I think your reading too much into it.
Iv seen MLS and WMT do 100-150m days and they have about 500-600m shares on issue. One of them even did 300m once. Cant remember which one it was.
As to the market being a down day. Well sometimes you just have champion stocks. WMT did 17c to 32c in 3 days during the Feb correction.
This one and ADY look like the only stocks worth buying at the moment.
RE: speeding ticket - it has happened a few times lately, I think if they respond fast enough to the ASX enquiry, they don't get a trading halt.... but it doesnt get posted up as an announcement until the next day - so would expect something tomorrow.
That could trigger some uneasy sellers too, so I would expect an opportunity for cheap buying post-speeding ticket.
As for tomorrow..... it's currently the most talked about stock on HC - 50 odd posts in the last 24 hours, and probably another 20-30 at least before open tomorrow.
Fully expect it to open much higher then it closed today.
I don't know if it will reach Nizar's target of 17c, but with how hard FWL has run, nothing ceases to amaze me now.
As always - kudos to YT - that's another round of beer's I owe you
But Niz..when WMT and MLS started doing those huge turn overs in a day they went from 3 cents to where they are now. Maybe CUL could be next to make a significant movement. I think they have all the ingredients to do it too.
I don't know if it will reach Nizar's target of 17c, but with how hard FWL has run, nothing ceases to amaze me now.
I think your reading too much into it.
Iv seen MLS and WMT do 100-150m days and they have about 500-600m shares on issue. One of them even did 300m once. Cant remember which one it was.
As to the market being a down day. Well sometimes you just have champion stocks. WMT did 17c to 32c in 3 days during the Feb correction.
This one and ADY look like the only stocks worth buying at the moment.
But Niz..when WMT and MLS started doing those huge turn overs in a day they went from 3 cents to where they are now. Maybe CUL could be next to make a significant movement. I think they have all the ingredients to do it too.
Hi fool,
Not a target as such, but a 17c i would expect it to have a breather at least.
All stocks have breathers, WMT had plenty but it still went from 5c to 46c in a few months.
I would think CUL maybe run to 7.5c before a rest, or if it wants to be textbook, overshoot this point, run to say, 8.5, then pull back to 7.5c as a support. All these sub-10c stocks have trouble getting past 10c. I cant see why this is no different. So itll probably stop there.
But 17c is where it failed in 2000, so its historical resistance.
Note that in 2003, it had a big volume UP day, like today to about 7,5c, then got smashed back down again.
Niz, I'm not sure how to put a TA target on this after a break from recent price action, so I'll let you fill me in on those numbers.I would think CUL maybe run to 7.5c before a rest, or if it wants to be textbook, overshoot this point, run to say, 8.5, then pull back to 7.5c as a support. All these sub-10c stocks have trouble getting past 10c. I cant see why this is no different. So itll probably stop there.
Niz, I'm not sure how to put a TA target on this after a break from recent price action, so I'll let you fill me in on those numbers.
I think after blue skies, I'll personally put more faith in YT's analysis for a price target, unless someone can poo poo it with any great qualification. So, lets start at 12 cents. (I think that was the latest initial valuation YT?)
Niz, what's the background to your numbers?
The only thing I can say as far as the chart goes, is on the down side, there should be support at 6.4, and then 6 ish, and then 5.5 ish.
Niz, I'm not sure how to put a TA target on this after a break from recent price action, so I'll let you fill me in on those numbers.
I think after blue skies, I'll personally put more faith in YT's analysis for a price target, unless someone can poo poo it with any great qualification. So, lets start at 12 cents. (I think that was the latest initial valuation YT?)
Niz, what's the background to your numbers?
The only thing I can say as far as the chart goes, is on the down side, there should be support at 6.4, and then 6 ish, and then 5.5 ish.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?