http://www.asx.com.au/asxpdf/20070430/pdf/31266lmy3nfmd0.pdf
Is this positive according to your opinion?
Is this positive according to your opinion?
ERN - Erongo Energy
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Sean K
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Has formed a new wider upward channel with the recent break through 80 cents. Falling back rather rapidy which is only slightly concerning if thinking about buying back in. Green circle is where I'll look at it again I think, pending overall market. MACD looking ordinary, but you'd expect that at the moment. Stochs moving to oversold. I'll be waiting for that to turn around I think. Falling on low volume is a good sign. Having said that with a correction imminent (maybe) risky jumping whole heartedly into explorers IMO.
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Looks very similar to the chart I posted a few pages back. Perhaps I should have listened to myself and exited my position, giving an opportunity to reenter in the upcoming week.
Live and learn
Support looks likely at around 0.72, like you mentioned. Hopefully it will hold steady.
Live and learn
Support looks likely at around 0.72, like you mentioned. Hopefully it will hold steady.
However I don't think holders like to see the fall in the SP. I know I definitely don't. Everytime it drops I question whether I should have sold some off but I have kept holding because I am hoping this can be the share that makes and hopefully doesn't break me.
If you dont believe in fundamentals and the long term prospects by all means sell. You should take the short term approach. Get your profit and get out. It rather annoys me to see investors questioning themselves to whether or not they should of sold. The SP fluctuates. It never goes up in a straight line.
Nothing has changed.
The point is chris it isn't investors worrying, it's the short term traders. The same could be said about bmn. The recent retracement worries alot of the traders, as all retracements do when you're a short term trader going long.
I'm no fundamental analyst, so the charts are all I have. And the charts currently tell me to sell. If/when it hits support and bounces, then this tells me to buy. And given your and others optimism, i'm sure it will.
I'm no fundamental analyst, so the charts are all I have. And the charts currently tell me to sell. If/when it hits support and bounces, then this tells me to buy. And given your and others optimism, i'm sure it will.
I understand what you are saying Chris and I believe in this stock and intend to be a long term holder but it's the phsycological side of things that I find it hard to deal with. I am always thinking about the what ifs and the changes in the SP never help me. I guess it's something I will get with experience.
JB do what I do. Sell enough shares to free carry the rest..You then don't need to worry..you can take it easy and watch the company progress. Especially if you get worried on the dips..some investors get really worried..I just trust my research. I know it can be very hard at times. All the best.
Chris, i will free carry but I was waiting for SP to hit a a certain price. I want to be able to free carry a fair portion of my holding. They say it's all about greed and fear and it holds true for me.
Hopefully we all get what we want in the long run.
Hopefully we all get what we want in the long run.
Im also looking to free carry. My price target is substantially higher than the current price before I do decide to sell some. I also will have to make sure I have held for a year..tax reason. I will sell a few ern it hits that target though..
There is always another one that will run. It allows me to diversify and still hold onto a decent parcel like what your aiming to achieve
.ditto - I haven't developed the skills to buy at the top and reenter at the bottom. Usually I do things the other way round. I hope sitting this out with other stock like BMN will prove positive.
Sean K
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Still could IMO. 70 is still the real support, although 75 ish has now turned into weak support. Still early in the day to say what's going on really. I managed to pick some up yesterday in the mid 70s which I was comfortable with.
a reading of the quarterly report indicates drilling to commence "early may". Also found high scintillometer counts over several prospects.
After all BMN failed in their bid to secure ERN's licenses. Back in 2005, BMN did ask namibian govt for ERN's licenses, but they were rejected as they asked for too many. So they must be good.
Okay now you must hold and fight the temptation to sell on the next 15/20 cent rise. Follow the fundamentals
Okay now you must hold and fight the temptation to sell on the next 15/20 cent rise. Follow the fundamentals
Chris, your optimism always warms my heart
Although that's a mighty temptation to withstand Volume is up considerably relative to the past few days. Perhaps the bulls are regaining dominance?
Chris, your optimism always warms my heart
Volume is up considerably relative to the past few days. Perhaps the bulls are regaining dominance?
Svensk..You must be a trader/chartist like kennas if you think thats a hard temptation to withstand
..I was in at an avg of 47 cents..you would of sold and ran away at 67... This one has so much land coverage in namibia with a historical proven deposit. I feel rather confident with it. You must also fight the temptation to sell.Chris,
i think its good to have a mix of long termers and trend traders...
gives everyone then a choice of what to do... and it allows longtermers the oppurtunity to add stock when it gets oversold.
whilst i have a couple of 'long term stocks' it is still important that they adhere to the major trend and support lines.
i think its good to have a mix of long termers and trend traders...
gives everyone then a choice of what to do... and it allows longtermers the oppurtunity to add stock when it gets oversold.
whilst i have a couple of 'long term stocks' it is still important that they adhere to the major trend and support lines.
