I don't think its constant harrassment from Kennas. On a number of occasions he's made fairly negative comments on some of my stocks. He's also made some positive comments. His comments tend to be well considered even if I disagree with him. I take it all in my stride. Imagine if we had a forum where people agreed with each other all the time. Boring!johnno261 said:Hope the moderators of the site are taking notice of constant harrassment from Kennas!!
kennas said:So, if it closes below $0.57 it will not be bullish and it will not 'explode' in the morning?
Let's keep it real guys.
Cheers Hitman, that was my point really. Nizar's comments in regard to the strong close and volume etc really emphasise this. I should have explained myself a little better. I love the banter that can go on on this site and it's always interesting to see people getting excited about a stock. I've certainly done it plenty of times myself! Things can get out of hand sometimes, and I would hate to see a newbie get trapped into putting their gandmother on a specualtive uranium company that will 'explode' the next day. Sure, we all should do our own research blah blah, but it's important to keep things as objective as possible I feel. 'Leave emotion at the door', etc. Hope I haven't been too hard on some punters here, just trying to keep it real, and I'm happy for anyone to be questioning my analysis of any stock I comment on. All the best.hitmanlam said:Sorry kennas. I get what your saying. Does 0.565 mean that it is a weak close. Ofcoarse not! Point taken. Instead of saying a specific price, i should have said if it was a strong close, then the stock remained bullish for tommorrow. But having said that, if it had a weak close, that would have been a bad sign for me.
I was merely trying to state that the close can be important and can effect what happens tommorrow morning.
PS. I don't think it will explode in the morning. I think it will either open at the closing price or gap up one or two ticks. (70% chance)
I could very well be wrong. But the odds are on my side. That's what trading is really. Putting the odds on your side.
Love you too insider. :remybussiinsider said:Awww... Did you guys breakup?
Stop_the_clock said:Something to consider is that DYL is about to issue more shares according to its latest announcement...over 1 billion on issue very shortly...way too many for my liking.
I like tightly held stocks
kennas said:I have:
DYL's market cap at about $350m at the moment
chris1983 said:I thought its more like 540 million? Plus an additional 20 million shares coming on so its 550 million? The way uranium stocks are going though deep yellow will be a billion dollar company soon
Stop_the_clock said:Forgot to mention that Sally and Mary are home tonight baking apple pies, can someone bring the cream?:
Stop_the_clock said:Yes it does...the more shares on issue, the more news needed to move those 1 billion shares, not unless they are all consumed via directors, and insto's, leaving very few for the general public.
Much easier to move 50 or 100 million shares than 1 billion don't ya think?
Here is a basic mathematics lesson...
Sally has 10 apples and Mary has 2 Apples, if a buyer wants 1 apple of each, how many remain?
Sally = 9 apples
Mary = 1 apple
Sally's apples are plentiful so her price stays pretty average, Mary's only remainding apple becomes highly prized so she jacks up the price...pretty simple really.
A very basic component of the stock market is the shares on issue, but so over-looked in times of frenzied buying.
Can you spot the difference?
britishcarfreak said:My platform says open estimate of 57 (up from 56.5 close) 0.9% on a surveyed volume of 187,800 shares traded on open. Unless some buyers stack up I don't see this doing a big run today on open. I could be wrong but I've put in a sell at 58c. Getting on a plane in 1.5 hours and can't let this baby go unattended.
Yeah, I've seen this too, but there will be exceptions of course. I saw a few U stocks gap up yesterday and then come off quite a bit only to finish up a % or so. BMN, AGS (although still finished up 14%), MTN, SMM, to name a few. (mention those because I hold and was watching..)nizar said:In my experience, those that dont gap up much at all are the ones that have potential to run all day...
eg. PEN the other day. Previous close 6.9. OPened at 7. Ran to 9c+.
eg. sometime ago, MLS opened at 5.2c, previous close being 5.0c. Ran to 7c+.
If the gap up is too high, thats the dangerous one, coz the momentum wont be sustained and a high for the day would most likely be created in the opening few minutes ie. blow-off move.
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