GDN - Golden State Resources
- Thread starter chris1983
- Start date
Not much interests in GDN today, which I guessing most got out dropping .18c soon after open from prev nights close.... ouch.
I'm assuming it's the ones that bought high, that got out this morning...??
And the silly part is,,, the jurys still out on the results.
I'm assuming it's the ones that bought high, that got out this morning...??
And the silly part is,,, the jurys still out on the results.
couldnt agree with u more. I thinks its amazing how an extra 3 or so days drilling can wipe 20% off the sp in a matter of minutes.....lots of ticky touchwood holders out there (although might be a few less now!) .SevenFX said:
my avg price is 78.5 and prepared to hold reguardless of sp atm until they hit target...
sounds good rosesny, salts my new friend
I think the message was pretty positive?
"Background gas, connection gas and trip gas are all at elevated levels. The well has been drilling on satisfactorily at an accelerated rate of 200 feet/day (61 m/day) towards the primary objective Leadville Limestone.
For the last 24 hours the rig has been running pipe to change the drilling bit.
The rig is capable of drilling to approximately 16,000’ with the current 5” drill string. If it appears the final depth will be greater than 16,000’ part of the 5” string will be replaced with 3” drill pipe."
They continue to have gas shows the entire way through the well. They must be through the salt cap.
"Background gas, connection gas and trip gas are all at elevated levels. The well has been drilling on satisfactorily at an accelerated rate of 200 feet/day (61 m/day) towards the primary objective Leadville Limestone.
For the last 24 hours the rig has been running pipe to change the drilling bit.
The rig is capable of drilling to approximately 16,000’ with the current 5” drill string. If it appears the final depth will be greater than 16,000’ part of the 5” string will be replaced with 3” drill pipe."
They continue to have gas shows the entire way through the well. They must be through the salt cap.
Wysiwyg
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Consultant cashing in some oppies ann. just released.Can`t wait for when it hits 2 bucks or a profit from the Leadville news?Should make a tidy sum anyway. 
...Maybe Nev.the ol` paluka.
...Maybe Nev.the ol` paluka. 
tech/a
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Havent visited for a while.
You guys STILL waiting for the NEXT announcement and analysing to death anything that even sniffs of a company release.
Out of interest how many stocks are you guys in---- WAITING for the NEXT announcement?
Do you ever sell a stock when the Announcement is Crap or it just doesnt eventuate or do you just bottom draw it?
You guys STILL waiting for the NEXT announcement and analysing to death anything that even sniffs of a company release.
Out of interest how many stocks are you guys in---- WAITING for the NEXT announcement?
Do you ever sell a stock when the Announcement is Crap or it just doesnt eventuate or do you just bottom draw it?
Wysiwyg
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tech/a said:
You guys STILL waiting for the NEXT moving average convergence/divergence and analysing to death anything that even sniffs of an oscillation.
Out of interest how many stocks are you guys in---- WAITING for the NEXT stochastic trigger?
Do you ever sell a stock when the Oscillation is Crap or it just doesn`t eventuate or do you bottom draw it?
MichaelD
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Nope.Wysiwyg said:
None.Wysiwyg said:
We sell stocks when their stops are hit. We never bottom draw anything.Wysiwyg said:Do you ever sell a stock when the Oscillation is Crap or it just doesn`t eventuate or do you bottom draw it?
Note: Real traders (as opposed to technical analysts) have very little time for oscillators and other such esoterica. They are best left for people who don't know how to trade and who like drawing squiggly lines on charts to hide the parts of the chart that actually matter - PRICE and VOLUME.
tech/a said:
haha where has the crap message been Tech-a? Show me.
what is crap about the following table
Upper Ismay Pennsylvanian Limestone 2,987 9,800 * Gas shows
Lower Ismay Pennsylvanian Limestone 3,050 10,006 Minor gas show
Desert Creek Pennsylvanian Limestone 3,126 10,256 Gas shows
Akah Pennsylvanian Limestone 3,209 10,528 * Gas shows
Barker Creek Pennsylvanian Limestone 3,358 11,016 * Gas show
Alkali Gulch Pennsylvanian Dolomite 3,705 12,154 * Major gas interval
Cane Creek Pennsylvanian Dolomite 3,979 13,053 * Gas shows
Leadville Fm Mississippian Limestone 4,663 15,300
McCracken Devonian Sandstone 4,862 15,950
Lynch Dolomite Cambrian Dolomite 4,923 16,150
They also have oil.
"Other production opportunities already defined, including an oil-bearing interval from 9,411 feet to 9,431 feet,"
Like I said we trade differently. Im sitting on some nice profits because of the way I trade..I dont invest off charts. If I lose in the end with this one so be it..I can afford too...it would be a minor dent in my portfolio..I believe the larger profits come from holding a stock. I dont think I will lose..but hey..I could. I think they have 50bcf allready. which is a valuation from between $1-1.50
I havn't found anything negative with this stock yet..except for delays with drilling...the depth etc etc..not a big enough negative for myself to sell out.
Investors will jump out on monday if Leadville dissapoints..but why? They have something commercial allready IMO. If they get sold down they are a good buy.
tech/a
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Wysiwyg said:You guys STILL waiting for the NEXT moving average convergence/divergence and analysing to death anything that even sniffs of an oscillation.
Out of interest how many stocks are you guys in---- WAITING for the NEXT stochastic trigger?
Do you ever sell a stock when the Oscillation is Crap or it just doesn`t eventuate or do you bottom draw it?
Love posts like this.
I'm not making a personal attack on anyone. But I am getting through to more of you than many would think. I ve had quite a few "Fundies" who have watched some REAL TRADING both private mail and email me with common theme.
"Thank God there is something more than the next announcement to use as a trading tool"
Few can trade in either discipline Fundamental or Technical.
I'm one of those who have spent the years required to serve the apprenticeship and can trade profitably---I also trade publically with neck on the line everytime I post trades. If your going to genuinely help people no point in posting theory!!!
My track records are public knowledge here----
http://lightning.he.net/cgi-bin/suid/~reefcap/ultimatebb.cgi?ubb=get_topic;f=74;t=000029;p=3
https://www.aussiestockforums.com/forums/showthread.php?t=4650
And your track records are??????------
Wake up people before you have no capital---your not trading---your not even investing!!
Chris
Had you been proficient in Charting you would have had great profit and back in at a much lower price.As it is all your doing is riding the roller coaster.
If its valued at $1-1.50 why didnt you sell it on the first spike?
Yeh we sure do look at the market differently.
I for one trade---if you seriously think waiting and analysing announcements is trading then---- No risk management,no idea of expectancy,no position sizing methodology. But hey your young you know everything.
So did I once.
tech/a
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tech/a
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tech/a said:
Hmm how was this so?
lol Tech. PMH hasnt even gone down yet...your tech analysis works..I dont deny that..but my way of trading has also worked.
Below are my winners.
BMN/EXT/AOE
All HUGE profits. Stocks I still hold are BMN/AOE/SMO/INL
SMO has doubled.
sold SHA when it doubled.
INL is very much in profit.
The next stock I had added to my Portfolio is ERN. I will continue to hold this..if you research the area and what they have..they will be $2+ and there will be ups and downs..but I believe in the end they will keep going up.
Now draw yourself a chart for the stocks I still hold over the past year and see the stages when you would of sold out of AOE/BMN/SMO and INL. Also the way you trade incurs a lot of tax..my portfolio has more than doubled..and I'm still sitting on a 3 grand tax loss so I'm pretty happy with that...I'm trading very efficiently..I am not saying your trading method doesnt work..I'm just simply stating my trading method has worked very well for me. All I do is thorough research. If my stocks get smashed in the early stages when I buy them I take a tax loss and get back in. I also took a tax loss on ERN of $700..now they are well in profit and looking good to keep going. Ive taken a tax loss on GDN also..then got back in. Im expecting them to head back up..and keep going. If not then ive havnt picked them right. I researched into the area they are in and I believe its looking very good for GDN.
I can go on with the profits...but thats just bragging. I have had very few losses. Only major loss was FXR. You would of sold on the dip when it got smashed...probably would of seen the signals and got out? Once again I should of held and stuck with fundamentals. Like I said..I still like GDN..I think they will come good..could be wrong. If thats the case..It wont hurt me much.
Below are my winners.
BMN/EXT/AOE
All HUGE profits. Stocks I still hold are BMN/AOE/SMO/INL
SMO has doubled.
sold SHA when it doubled.
INL is very much in profit.
The next stock I had added to my Portfolio is ERN. I will continue to hold this..if you research the area and what they have..they will be $2+ and there will be ups and downs..but I believe in the end they will keep going up.
Now draw yourself a chart for the stocks I still hold over the past year and see the stages when you would of sold out of AOE/BMN/SMO and INL. Also the way you trade incurs a lot of tax..my portfolio has more than doubled..and I'm still sitting on a 3 grand tax loss so I'm pretty happy with that...I'm trading very efficiently..I am not saying your trading method doesnt work..I'm just simply stating my trading method has worked very well for me. All I do is thorough research. If my stocks get smashed in the early stages when I buy them I take a tax loss and get back in. I also took a tax loss on ERN of $700..now they are well in profit and looking good to keep going. Ive taken a tax loss on GDN also..then got back in. Im expecting them to head back up..and keep going. If not then ive havnt picked them right. I researched into the area they are in and I believe its looking very good for GDN.
I can go on with the profits...but thats just bragging. I have had very few losses. Only major loss was FXR. You would of sold on the dip when it got smashed...probably would of seen the signals and got out? Once again I should of held and stuck with fundamentals. Like I said..I still like GDN..I think they will come good..could be wrong. If thats the case..It wont hurt me much.
My strategy is pretty simple. I kind of divide what I buy into..wow thats worth a go..or..thats definately going to be good in 6 months time. BMN came under the "wow thats definately worth a go" when they were 40 cents before their share split. SMO/AOE/INL all came under..."I believe these will perform and go up in a years time and will continue to go up". BMN have matured from "worth a go" to "I'm gunna hold this baby"
GDN came under "wow thats definately worth a go". Im hoping they mature also to a "I'm gunna hold this baby"
Another stock im going to buy into is AGM...this is a "hold" stock IMO. I had 10,000 and sold..but im going to get back in with 10,000..girlfriend is giving me money. I believe they will be 70 cents in 6 months time.
GDN came under "wow thats definately worth a go". Im hoping they mature also to a "I'm gunna hold this baby"
Another stock im going to buy into is AGM...this is a "hold" stock IMO. I had 10,000 and sold..but im going to get back in with 10,000..girlfriend is giving me money
. I believe they will be 70 cents in 6 months time.
tech/a
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Chris.
Dont get me wrong ( I know you do understand), I'm not stupid enough (Some would disagree) to believe that there is only one way to make a profit in trading and its that which I have adopted.
What I have seen in the Majority of cases while visiting this Fundamental Individual stock discussion forum is many who have no idea other than waiting for announcements.
I have seen many who have lost almost their entire nett worth attempting to make $$s on tips and announcements. Over the years many have contacted me.
What im trying to get across and succeeding to some degree is that many of these people COULD be profitable with some very basic knowledge of HOW to trade. Coupled with a basic knowledge of WHAT makes profit and WHY and a struggling trader CAN turn into a profitable one.
Seriously I'm sure you can see and have seen it all the time here.
The only reason I post my trades is to offer some actual realtime examples so that others can see that it can be done. I hate theory---its not worth the paper its written on!!!.
Finally I used to be firmly in Stevo's camp---If I cant test it and prove profitability I dont trade it!! For the majority of traders I would strongly advise they join the camp. Few can and have explored the discretionary UNPROVEN methodologies successfully.
However this---the most difficult to master yet most profitable---is where newbies start and often fail spectacularly.
I would love to find a snippet that would help in my own profitability and (from here---this Fundamental forum) I,m yet to find one.
Every now and again someone will post a gem.Over the years I have found many. What I have found is a prolific number of traders struggling---and wont even admit it to themselves.
Dont get me wrong ( I know you do understand), I'm not stupid enough (Some would disagree) to believe that there is only one way to make a profit in trading and its that which I have adopted.
What I have seen in the Majority of cases while visiting this Fundamental Individual stock discussion forum is many who have no idea other than waiting for announcements.
I have seen many who have lost almost their entire nett worth attempting to make $$s on tips and announcements. Over the years many have contacted me.
What im trying to get across and succeeding to some degree is that many of these people COULD be profitable with some very basic knowledge of HOW to trade. Coupled with a basic knowledge of WHAT makes profit and WHY and a struggling trader CAN turn into a profitable one.
Seriously I'm sure you can see and have seen it all the time here.
The only reason I post my trades is to offer some actual realtime examples so that others can see that it can be done. I hate theory---its not worth the paper its written on!!!.
Finally I used to be firmly in Stevo's camp---If I cant test it and prove profitability I dont trade it!! For the majority of traders I would strongly advise they join the camp. Few can and have explored the discretionary UNPROVEN methodologies successfully.
However this---the most difficult to master yet most profitable---is where newbies start and often fail spectacularly.
I would love to find a snippet that would help in my own profitability and (from here---this Fundamental forum) I,m yet to find one.
Every now and again someone will post a gem.Over the years I have found many. What I have found is a prolific number of traders struggling---and wont even admit it to themselves.
I would love to find a snippet that would help in my own profitability and (from here---this Fundamental forum) I,m yet to find one.
Every now and again someone will post a gem.Over the years I have found many. What I have found is a prolific number of traders struggling---and wont even admit it to themselves.[/QUOTE]
A sage snippet from Warren Buffet: "Invest in what you know."
Trading, as done by so many today, is a relatively new thing dependent upon the computer, discount brokerages etc. As such it has no long-term track record. Warren Buffet, the second richest man in the US after Bill Gates, made all his money investing in stocks as a fundamentalist. Trading may in the long run be profitable for a percentage of careful traders but many will hit the same wall that the momentum traders in the US hit in 2000 when the tech bubble burst. When you are doing the same thing that many many others are doing, watch out! In the long run it will prove to be a Ponze game or a game of musical chairs. The Market itself and the Market Makers are the ones playing the music; when the music finally stops, at the top of a trading frenzy, there will only be a few get-out quick chairs and lots of small traders unable to stack much of what's left of their trading capital on them.
Every now and again someone will post a gem.Over the years I have found many. What I have found is a prolific number of traders struggling---and wont even admit it to themselves.[/QUOTE]
A sage snippet from Warren Buffet: "Invest in what you know."
Trading, as done by so many today, is a relatively new thing dependent upon the computer, discount brokerages etc. As such it has no long-term track record. Warren Buffet, the second richest man in the US after Bill Gates, made all his money investing in stocks as a fundamentalist. Trading may in the long run be profitable for a percentage of careful traders but many will hit the same wall that the momentum traders in the US hit in 2000 when the tech bubble burst. When you are doing the same thing that many many others are doing, watch out! In the long run it will prove to be a Ponze game or a game of musical chairs. The Market itself and the Market Makers are the ones playing the music; when the music finally stops, at the top of a trading frenzy, there will only be a few get-out quick chairs and lots of small traders unable to stack much of what's left of their trading capital on them.
chris1983 said:
Fair point Chris. If i recall correctly his target was 30-32c.
But thats okay. Maybe he was wrong there (or just early).
Thats what iv learnt in my short time trading. Do some research, but when the trade doesnt go your way, get our and protect your profits/capital. The market will let you know pretty quickly if your right or wrong. Bottom line is that you only make money when the share price goes up. Company prospects and earnings dont really mean much in terms of the big picture. Its VERY hard to predict what news will move the share price.
