Australian (ASX) Stock Market Forum

DYL - Deep Yellow

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nizar said:
In my opinion, this will go off 2mrw.

The price action today was very similar to PEN on friday.

PEN even today at 11am was 7.6 so you couldve made good profit, but the signs were there to get into this one on friday. All time high close at 6.9. Intraday record was at 7.1 and this was not yet breached (on friday). On friday it had average volumes and closed on its daily high.

DYL closed today at an impressive 47c, all time high close. If you look at he historicals, 42.5c was the previous all time high close. 48.5 was intraday and this wasnt breached today. Also, like PEN on friday, it closed at its high for the day, ie. buyers chased, and todays volumes were average.

As such, i took a position today at 0.46 near the close with a tight stop. Iv found that by doing this, theres a good chance by getting a high R-multiple winner. Eg. MLS when it closed at 9.1c Open next day at 9.7c and shortly after to 10. Eg. HAV it closed at all time high and good volumes at 1.375. Next day shortly after open at 1.495.

Any other thoughts and opinions?
Click to expand...

I think we are on a winner NIZAR. I picked up another huge parcel at 43cents at about 11am which has brought my ave up a fair bit, but when the SP is five folded from current levels due to switched on management, a slightly higher ave will still look great!! The stock has only begun its journey!! Also picked up some Havilah this morning on opening which i think will be an absolute winner too!!!
 
MalteseBull said:
i am looking to buy more DYL,

fingers crossed for a market correction !!
Click to expand...

:confused: :confused:

I guess they were right, only 5% of people buy stocks at all time highs.
Its not any coincidence that its those same 5% that are consistently profitable.

Good luck trying to get a bargain, brother.

Id rather buy a stock when its at its most expensive.

Each to their own.
 
:p:
nizar said:
:confused: :confused:



Id rather buy a stock when its at its most expensive.

Each to their own.
Click to expand...
Nizar, as one of those in the non-profitable 95% I am intrigued by your system (if you care to share). Is your criteria toook for all time highs trading at high volumes? Or are you using the fundamentals to support this as well?

I keep a pretty small watchlist but I have to agree the ATH probably offers the most signifiant resistance level (and is easy to chart...)
always profitable? I'm gunna keep a scoresheet on your tips...
:p:
 
Just to test your theory I checked out AEE (also at all-time high this past week)... LOLOLOL up 54% to 68... bet sydneysider is one happy goose today!!!
 
Ooooooh noooooo missed it. I have been following this stock for the past 2 weeks and was out today :(. Oh well see if i can pick it up tommorow.
 
Kipp said:
:p:
Nizar, as one of those in the non-profitable 95% I am intrigued by your system (if you care to share). Is your criteria toook for all time highs trading at high volumes? Or are you using the fundamentals to support this as well?

I keep a pretty small watchlist but I have to agree the ATH probably offers the most signifiant resistance level (and is easy to chart...)
always profitable? I'm gunna keep a scoresheet on your tips...
:p:
Click to expand...

I dont know about always profitable, but my system based on that entry criteria trades with a positive expectancy.

But exits, money management, and risk management are other components of the system, each of which, is my opinion, is more important to the success of a system than the entry.

Going out now but will elaborate later 2nite if you're keen.
 
I got in today at 41.5. I'd like to get out again tomorrow before going on holiday and it looks like I might get a good chance at pulling a nice short. Long term I don't know enough to be confident. Just a short trade is all I want whilst the market is so bullish on U stuff. I did the same today on Korab. Looks like everyone wants to put their money in U stocks. But there will be a point where it turns down won't there!

Any tips for picking exit point tomorrow? What sort of percentage?

The volume is still way down compared to the massive run in early november. It could well go a lot harder and repeat that pattern.
 

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I like how this one didnt gap up 2 much. Open at 49-50c means its got room to run all day.

Lunch time low cannot go below the open 50.5c. If it makes a new daily low it will get dumped. Stop moved up to 50c.

But if 50.5-51c holds, then in my opinion, an arvo run to make new highs and a big volume day today, maybe 40-50mil.

Then 2mrw the blow-off move a high shortly after open at 60c+.
 
Although i might not get too mcuh profit but i picked up a nice little parcel at 52c. Why is this stock going up so much with no announcements? Can someone tell me :).
 
lol, I just exited at 54.5c. I will probably rexit if the price is strong with alot of support hoping for a jump tommorow.
 
Phoenix said:
Although i might not get too mcuh profit but i picked up a nice little parcel at 52c. Why is this stock going up so much with no announcements? Can someone tell me :).
Click to expand...

Don't ask questions Phoenix. Just enjoy the ride mate! :)
 
WOW. Finished typing the last post when it was 57c. Refresh screen, now it is 60c. CRAZY! Surely something is happening. Trading halt or something.
 

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