GLX - Gulf X

[prawn_86]

What exactly are you going to complain about?

That someone wanted to get rid of some shares, but the changed their mind and pulled the offer? Whats different to every second of every open day when the market depth is constantly changing?

Doesnt sound very compelling to me.

 

[redback]

What exactly are you going to complain about?

That someone wanted to get rid of some shares, but the changed their mind and pulled the offer? Whats different to every second of every open day when the market depth is constantly changing?

Doesnt sound very compelling to me.

Opposite way around, this outrageous huge false bid was seen for what it was, attempted manipulation, I have lodged a complaint with ASIC asking them to investigate the seller/bid identities at auction, these people are despicable

 

[cordelia]

How true that is, everybody went--wtf?, and as was expected the bid disappeared again as soon as another bid over that failed to appear, that was obviously a sell side bit of trickery, I will definately put a complaint in tomorrow, in fact I will do it now.

Redback ..I love you ..you are the craziest poster I have ever come across..keep it coming...keeps us all on our toes BTW are you a naturalist because you seem to have quite an indepth knowledge of Australian marsupials.

On a positive note..all sarcasm aside..today was very positive for GLX..the close was at the high and it seems to have found good support above .14c...plenty of accumulation..always a good sign....good luck to all holders

 

[prawn_86]

Opposite way around, this outrageous huge false bid was seen for what it was, attempted manipulation, I have lodged a complaint with ASIC asking them to investigate the seller/bid identities at auction, these people are despicable

My point is, how is there any way you can prove it to be false?

Perhaps they changed their mind, or perhaps they added too many 0's on their order so pulled it and changed it. Its not against the law to change or pull your bid you know

 

[sydneysider]

Opposite way around, this outrageous huge false bid was seen for what it was, attempted manipulation, I have lodged a complaint with ASIC asking them to investigate the seller/bid identities at auction, these people are despicable

I never saw this bid and assume that it lasted only a few moments, probably operator error, mistyped bid. IF u never commented about it then no-one would be any wiser. There has been a decent supply of stock into the market over the last week that has kept the price average around 16 cents, the prior week it was averaging 13-14 cents. My sense is that the supply up to 18 cents is on the order of around 2 million shares (based on posted bids yesterday) and may be a little above that amount that is undisclosed and sells at market. Based on this history we should get some pretty volatile trading as we trade thru the next 2-4 million shares.

 

[freerider]

hmmm... very low trade volume today so far. so when exactly is this JORC report being announced? Does anyone know?

 

[redback]

A promising day's trading ruined once again by a bunch of one day wonders, now what have we got?-- a bunch of silly numbats all bunched up 18c, what are these people thinking?, do they really think they will be able to get a sale? or is it safety in numbers?, what a bunch of absolutely insane nignogs, also I see the resident nutter is back yet again for the third day running with his nonsense 4 million bid which only lasts a minute or so before being pulled which was replaced by other even sillier bids--500k@17.5c, another 350k@ 17c--both also pulled, this is starting to undermine any credibility this company may have built up, I bet they are fully aware of this nonsense and should take steps to stamp out these ingrates before they are regarded as a joke company, I'm surprised ASIC hasen't jumped on this daily 4 million bs bidder by now.

 

[DavidB1]

A promising day's trading ruined once again by a bunch of one day wonders, now what have we got?-- a bunch of silly numbats all bunched up 18c, what are these people thinking?, do they really think they will be able to get a sale? or is it safety in numbers?, what a bunch of absolutely insane nignogs, also I see the resident nutter is back yet again for the third day running with his nonsense 4 million bid which only lasts a minute or so before being pulled which was replaced by other even sillier bids--500k@17.5c, another 350k@ 17c--both also pulled, this is starting to undermine any credibility this company may have built up, I bet they are fully aware of this nonsense and should take steps to stamp out these ingrates before they are regarded as a joke company, I'm surprised ASIC hasen't jumped on this daily 4 million bs bidder by now.

yea i no he/she starting to piss me off got about 50k in glx when the sp goes down it cost me a lot of money

 

[redback]

yea i no he/she starting to piss me off got about 50k in glx when the sp goes down it cost me a lot of money

you got 50k?, think about the guys who have 4 or 5 hundred K, the silly Willie's all bunched up at 18c can expect even sillier Willie's to bail under them, these Wagtails will sit there forever, for the life of me, I cannot understand these people who are intent on destroying their money, unless of course, they really are Wombats who belong in a cave--it looks that way--very dark

 

[sydneysider]

A promising day's trading ruined once again by a bunch of one day wonders, now what have we got?-- a bunch of silly numbats all bunched up 18c, what are these people thinking?, do they really think they will be able to get a sale? or is it safety in numbers?, what a bunch of absolutely insane nignogs, also I see the resident nutter is back yet again for the third day running with his nonsense 4 million bid which only lasts a minute or so before being pulled which was replaced by other even sillier bids--500k@17.5c, another 350k@ 17c--both also pulled, this is starting to undermine any credibility this company may have built up, I bet they are fully aware of this nonsense and should take steps to stamp out these ingrates before they are regarded as a joke company, I'm surprised ASIC hasen't jumped on this daily 4 million bs bidder by now.

its an open market, any buyer on the system can bid, some bid one share, some bid millions, sometimes folks try and be very clever, or downright silly. the stock is performing IMHO in a very bullish fashion and i suspect that another day or to of volumes around 2-3 million will see GLX go substantially higher/break above the flag. that is just my opinion and is based on my reading of the chart below. looks like a breakout to the upside from a penant/flag formation. typically you read the flag as a half way point in the move, assuming this is correct a continuation of the upward trend will see a break abouve 20 and give us a target in the low 30's

 

[cordelia]

its an open market, any buyer on the system can bid, some bid one share, some bid millions, sometimes folks try and be very clever, or downright silly. the stock is performing IMHO in a very bullish fashion and i suspect that another day or to of volumes around 2-3 million will see GLX go substantially higher/break above the flag. that is just my opinion and is based on my reading of the chart below. looks like a breakout to the upside from a penant/flag formation. typically you read the flag as a half way point in the move, assuming this is correct a continuation of the upward trend will see a break abouve 20 and give us a target in the low 30's

toyally agree with your analysis. The increasedvolume yesterday is very bullish. All shares undergo a period of consolidation where they move sideways for a while before a move. I use P&F charts and GLX looks set for a break to the upside fairly soon.

When the price of the share is lower it is a good time to accumulate options..

 

[mick2006]

its taken a while but GLX has finally broken through that stubborn resistance at 18c, has now broken through 20c on healthy volume.

looks like the whole coal to liquids has more room left to run.

 

[sydneysider]

its taken a while but GLX has finally broken through that stubborn resistance at 18c, has now broken through 20c on healthy volume.

looks like the whole coal to liquids has more room left to run.

I am in total agreement, GLX punched thru 18 & 20 cents and has now broken out on decent volume confirming new upside targets into the 30's as per my prior post.

 

[mick2006]

after a period of accumulation between 14-17c, today marked a major move higher above the recent trading range for GLX on excellent volume, will be interesting to see where the market takes GLX over the coming days.

 

[DavidB1]

I am in total agreement, GLX punched thru 18 & 20 cents and has now broken out on decent volume confirming new upside targets into the 30's as per my prior post.

investorweb.com.au did a report on glx today there target is $0.68

i hold glx

is anyone hear hold Aim Resources Limited (AIM.AX) ? there like glx

 

[michael_selway]

investorweb.com.au did a report on glx today there target is $0.68

i hold glx

is anyone hear hold Aim Resources Limited (AIM.AX) ? there like glx

Hi do you have a link to the report?

thx

MS

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[mick2006]

well if investorweb came out with a price target of 68c that may explain the sudden explosion in price/volume in GLX trading today, thought it was strange given their was no news from the company.

 

[redback]

There is more to this than meets the eye, those big takeouts of any resistance tells you something, do NOT rely on a 10 depth screen, you will end up selling out too soon, expect the scammers to turn up shortly, just look away, there is only 155million on issue here, not nearly a billion like all the other's, also this big 16c buyer who has been appearing each day for the last week is now being investigated by the ASX surveillance team, I see at one point today he was joined by another 5 million bidder, strange they both disappeared together shortly after.

 

[michael_selway]

well if investorweb came out with a price target of 68c that may explain the sudden explosion in price/volume in GLX trading today, thought it was strange given their was no news from the company.

Ok got it thanks

yeah its interesting but still a spec at thsi stage, will keep an eye on it

thx

MS

Lachlan McKenzie-McHarg
Gulfx Ltd: Streaming Away?
By Lachlan McKenzie-McHarg, 23 Jun 2008
Gulfx (GLX) has been on my watchlist for a number of days whilst the stock traced out a bullish ascending triangle pattern. GLX is involved in the Syngas project which is based around premium diesel. The company claims premium diesel is more efficient and cleaner than traditional diesel used today.

Looking at the daily chart above, the recent activity is exceptionally bullish. The stock has been forming an ascending triangle recently and today this has been broken. I expect the stock to now sprint away providing an excellent opportunity. Ascending triangles such as these are very reliable.

One other point to note is the relationship between price and volume. Firstly, notice the declining volume as the stock accumulates. Now, take a look at the volume so far today. There has been a big increase showing solid buying support.

Essentially, GLX is locked within a wide ranging accumulative pattern in the monthly chart. There is a large gap which I expect the stock to re-fill, however it may find a breakout through the upside of this range difficult. However, if the stock can manage to break through, I would suggest a move into much higher levels with an initial target of $0.68.

We will enter GLX at the close of market today for the Opportunistic Portfolio. I will place the initial stop loss at $0.14. From the evidence in the daily chart, GLX may be ready to run.

 

[rob7string]

Would someone be kind enough to quickly explain why GLX has gone so bad over the past week or so after getting up to 20c.
The announcement from the other day with updates on drilling seemed to be pretty good so i would of thought we would see the sp rise a little.
I know i should do my own research, which i have, but im still learning.