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sammy84 said:
You're a perma bull in your analysis. What would it take for you to exit?
Click to expand...

"We have the appearance of significant weakness. An you would have to go with that atm. But it is in process still. "

"When I say significant weakness , I mean the most significant in ages . Real Sign of Weakness ... "

Count the Implications and note that in this "last column down". The horizontal formations are all one below each other ( So FAR ).

What has been missing to ( possibly ) Start the new Trend ? A Sign of Strength !
Click to expand...

note "the last column down" is the entire move down from the swing high posted on the recent charts.

It is the last column down on the larger ''Big picture charts"
Of the multiple reversal charts.


No perma bull here !

But looking at the context within that larger current. ( Which we see in the smallest scale charts .. )


In flux atm Instability !
Click to expand...
.

Instability will lead to Stability
and thence opportunity.


Seeing we need vertical movement to profit from
We should be looking at the Horizontal.

There are Two dimensions !
one or the other can dominate.
Have a think of their relationships !
( note these are not one dimensional bar charts )

Horizontal = among other things -- Stability
The chart is measuring all sorts of Exhaustion.

The longer stability
the more vulnerable to exhaustion is that stability
The more it runs into opportunity.
or becomes opportunity ( to someone )

When I say
Count the Implications
Click to expand...
I mean something in particular.

A down move will be seen to have ended
when the last downside implication is negated and the first upside implication is fulfilled.

Has not happened YET

Been looking and commenting on that "looking"

Implications are negated , fulfilled or sidelined
They become active and inactive

ATM the row ( line ) of five .026s have become important.
That could change with even the first trade of tomorrow.

Every-time the vertical is overcome by the horizontal.
What was in effect becomes vulnerable to change or is renewed.

My comments on that unfolding to date
Have been in the form of asking the question and highlighting the opportunity.

When I say the line of five .026s are important
Does not mean that is The Turning Point .

It means here we can watch very closely !

TESTS and RESPONSES.

I mentioned what is important is what is Internal.

Most of the commentary in this thread is EXTERNAL.

Something to think on ( when I say that I mean me too )

It would seem all fundamental analysis is external.
and would seem 99.9% ( more or less ) of technical analysis is external too.

That people might make well money ( maybe a lot of money )
But in despite of their use of them !

What is the only thing that is Internal to the Markets ?

A trade for a particular number of shares at a particular point in time--and that is all. One trade following another and another and so on. Forming a two dimensional pattern through time.


Motorway
 
Call me dumb and stupid, but the above post makes no sense at all to me.
I'm not sure you are talking about this stock or even about the market !
Beyond me how anyone could advance their Wyckoff knowledge reading this stuff
Sorry
 
Mistagear said:
Call me dumb and stupid, but the above post makes no sense at all to me.
I'm not sure you are talking about this stock or even about the market !
Beyond me how anyone could advance their Wyckoff knowledge reading this stuff
Sorry
Click to expand...

I've alway said that Motorway's posts are mythical... I am just not enlightened enough to make any sense out of them either. Nor do I understand how Wyckoff's method allows a share to be held all the way from 7c to 2.5c.

It is probably worth mentioning about GCN's announcement yesterday.


How can they possibly make such announcement with a straight face? They signed a binding production contract for a Chinese R&B artist who is not only a PR hoax, was already exposed in 2010, doesn't actually belong to Sogua AND has no actual talent (in singing or looks).

It is unbelievable. In this era where anyone can google the answer in the time it takes GCN to come out of the pre-open NR mini halt, they try to pull on Lorenzo Von Matterhorn http://www.lorenzovonmatterhorn.com/ on the investing public. Which leads me to think... they cannot possibly be that stupid. Right?

So why did they do that? I can think of 5 possible explanations.

1. They are really that stupid and didn't know it was a hoax.
2. They are really that stupid and thought the people wouldn't know it's a hoax.
3. They geniuinely think that the hoax has talent and can be turned into a star.
4. They are grasping at straws trying to push the share price up.
5. They are deliberately releasing something so stupid to push the share price down.

Take your pick.
 
Mistagear said:
Call me dumb and stupid, but the above post makes no sense at all to me.
I'm not sure you are talking about this stock or even about the market !
Beyond me how anyone could advance their Wyckoff knowledge reading this stuff
Sorry
Click to expand...

Well , ask a particular question and I will try and answer it.
Forums are for discussion and sharing after all !

Motorway
 
Wow...that's some pretty heavy duty stupidity. I can't believe that scams like that can even have legs in the age of the internet.
 
Can anyone please confirm the following?

GCN

Cash on hand = $1,000

Accounts payable = $2,500,000?

Does this not mean they need ANOTHER capital raising ASAP?

Unless they get cash from advertisers from their free wi-fi???
 
They did a cap raising after close of books for the half. They also have some unused finance facilities which are disclosed in the notes. I'm not sure the two combined would cover the payables, you'll have to go check the half yearly report.

If you're asking these questions, you don't want to be owning this stock, IMO.
 

Google the "Western Madonna" or anyone and you will find negative , positive and neutral . You will also find biased and unbiased and no doubt hidden agendas.

Google USA and read and believe everything ?

Nor do I understand how Wyckoff's method allows a share to be held all the way from 7c to 2.5c.
Click to expand...
Would it depend on when they were bought or/sold ? Could the number held be a constantly moving number ?

Motorway
 
Chasero said:
Can anyone please confirm the following?

GCN

Cash on hand = $1,000

Accounts payable = $2,500,000?

Does this not mean they need ANOTHER capital raising ASAP?

Unless they get cash from advertisers from their free wi-fi???
Click to expand...

* Note that $218,000 in R&D tax rebate from Australian Tax Office received in January
2012 and capital raising of $700,000 via underwritten placement of 10 million shares at 7 cents each announced on 30 November 2011 (Appendix 3B filed today) were not part of the cash flows for the half year to December 2011.


So they raised capital , they have a credit facility and they expect to earn money from
initially the WiFi ..

IF they don't they will have to eventually raise new capital. If you look at the history they have done this very successfully over the last 10 years with small share placements.

The big increase in listed capital has been associated with mergers with other companies.

And they should have a much lower cost base now.

Motorway
 
motorway said:
Google the "Western Madonna" or anyone and you will find negative , positive and neutral . You will also find biased and unbiased and no doubt hidden agendas.
Click to expand...

Funnily enough, when you search for her in Baidu you get very few search results.

For a woman who is apparently "the Chinese Madonna" with 100 million downloads (and no doubt copious other illegal ones) her name only returns 5,560 search results.

http://www.baidu.com/s?wd=%BC%AA%BA%FA%B0%A2%D2%C0&rsv_bp=0&rsv_spt=3&rsv_n=2&inputT=919

And nothing under MP3.

http://mp3.baidu.com/m?tn=baidump3&ct=134217728&lm=-1&word=%BC%AA%BA%FA%B0%A2%D2%C0
 
motorway said:
Google the "Western Madonna" or anyone and you will find negative , positive and neutral . You will also find biased and unbiased and no doubt hidden agendas.
Click to expand...

We are not debating the merits of Western or Eastern Madonna. What we are talking about here is the truth that she is not a premium superstar with 100m mobile download.

Look at some of her Youtube video FFS. They are filmed in some school hall looking stage in UK with no sign of an audience. She's got like 300 views (probably 200 more than 2 days ago). Her record company is trying to raise $110k to film a short film featuring her.

Are these views or just pretty good facts that she's no superstar? I don't know how any holder can be not embarassed by this.

motorway said:
Would it depend on when they were bought or/sold ? Could the number held be a constantly moving number ?

Motorway
Click to expand...

No. It wouldn't depend on where they were bought. In fact the lower the entry price, the worse the trade management allowing a movement of 7c down to 2.4c.
 
motorway said:
Well , ask a particular question and I will try and answer it.
Forums are for discussion and sharing after all !

Motorway
Click to expand...

When I say the line of five .026s are important
Does not mean that is The Turning Point .
Click to expand...
Why is 2.6 important and worth mention?
Other than it being a recent pause within a continuation, and not containing huge volume. Not being a significant past congestion point either.

If say, you had said 3c was a significant level, being the initial level broken during the Feb/Nov 2011 basing formation, subsequently broken in the Jump Up signal (change of sentiment) 22/11/11, I might understand better in Wyckoff terms.
or
Perhaps the 4.8c level (as I mentioned elsewhere) when volume appeared and price declined.
or
On 14/2/12 when volume again appeared and the 4c level was broken, yet you have continued to sound bullish imho.

If you could address any of these points in Wyckoff terms to aid my learning, would be greatly appreciated.
 

Bit pressed for time , will come back to this ~
here is the chart to consider

It is updated to this moment



The 5 is the .025 level

above that is the line of five .026s mentioned

They have become ( for me ) locked

That is they can not become a line of six now ( there would be an empty space )

They can only have primarily a down side count now ( They can become part of an upside count but that is more advanced )

What made them important ?
The action itself ==> those trades one after the other through time. Demand and Supply met there on each swing.

UNTIL they DIDN'T

what happened !
We know the sellers are there for sure.

The buyers were exhausted.

what happened to the floating supply at the moment ?
and how did holdings get gathered together ?

Same with the other phases

How would you have described the action up to the Green Box !

Nothing Mystical HERE ..

Just demand meting supply in the moments

The Purple Xs are the daily closes.

LOOK and see the TWO DIMENSIONS

sometimes a Days action is contained in a single X
sometimes a Days action is contained in ~ 50 Xs and many columns across the chart.

There is a Vertical and a Horizontal Dimension to the Price activity
Both are moving through time.

What makes anything important is INTERNAL to the market.
The TRADES make the lines and columns.

The composite man ..

happy to say more later

ask any other questions

Motorway
 

Please read this==> from 2009 ( and I believe I posted it earlier than that )
So I am not making it up on the spot Also have posted on the application of such before too.

https://www.aussiestockforums.com/forums/showthread.php?t=16701&p=481156&viewfull=1#post481156

As You can not step in to the same river twice !

Maybe it is the same with that word HOLD ?

I think it does matter
Where and When !

In fact it makes
ALL the DIFFERENCE !

Surely a Value/ Fundy would know that the price paid determines the future return.
And is the only thing you can have control of for sure is WHEN YOU BUY and WHERE


Motorway
 
Can't help but have a bit of a laugh at the recent ann though.

This Ayi person.. never heard of her and I know quite a few chinese artists

The way that announcement was presented seemed more of an advertisement for her really.

GCN working closely for a number of months to secure advertisers from the following agencies:
arts, travel, automotive, education, food... etc. Re - 14/02/11 announcement. Not price sensitive.

Needs some concrete deals from this announcement instead of this price sensitive ayi announcement..
 
Chasero said:
Needs some concrete deals from this announcement instead of this price sensitive ayi announcement..
Click to expand...

The only concrete with GCN, are the shoes shareholders will be wearing shortly before they get tossed overboard.

I can feel a Darwin Award in the offing for shareholders.
 

Who determines what is price sensitive

The Company or the ASX

or are there hard rules that have to be followed ?

PLW have a long history
why would they sign someone if they did not think it worthwhile ?
They could sign any nobody if that is what she is .

Also I believe that YouTube Facebook and Google are banned from within China so might explain the small hits on youtube --- and yes they are tiny.

Motorway
 

Sorry I am still not enlightened enough to understand that post. But there's no need to waste your time explaining it to me.


I said a trading method that allows a share price to move from 7c to 2.4c yet still holding is bad trade management, regardless of what the entry price is. You could have bought at 0.5c or 1.0c and still be in the green, but there's no denying that a lot of profit was left unprotected.
 
motorway said:
PLW have a long history
why would they sign someone if they did not think it worthwhile ?
They could sign any nobody if that is what she is .
Click to expand...

Maybe the better question is, the company (PLW) has been around since 1997, if it ain't making money yet then when does it think it will? It's sold 15 million copies (or clipped the ticket in some form or another along the way) but it's still loss making. It name drops worse than even the biggest hanger-onna in Hollywood but it has little else to show for its efforts.

Here's the group they were banging on about in the last AR. Jason Derulo's name is dropped in several times. They even mention how many of Jason's songs were downloaded last year but they don't mention how many times their own artist was downloaded.

According to the AR they had just completed a "very sucessful global tour"...

http://www.youtube.com/user/Trinityplw?ob=0&feature=results_main

The number of views is a joke, hardly what you'd expect of a group who have just completed a "very sucessful global tour".

motorway said:
Also I believe that YouTube Facebook and Google are banned from within China so might explain the small hits on youtube --- and yes they are tiny.
Click to expand...

I provided a link to Baidu (China's biggest search engine, it accounts for 70% of all searches) which had similar results.

Unfortunately, motorway, I think you're seeing what you want to see, even though reality is staring everyone in the face.
 
Motorway,
Others here with different agenda to my questions.
Will comeback to the analysis questions later.

One aspect of the 2.6c level I would like to leave here for future reference (while I remember the total) is,
during the period on your p&f involving the 2.6c level, that price represented only 16.6%of the total traded. Am still struggling to see a particular significance in that level beyond it being a momentary corner on the pathway to a lower price.
 
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