I've been trading DYE for a few swings; not every trade a success, but overall in Plus.Up 12% yesterday, down 4.6% today. HM!
I originally bought into DYE at 0.75 when things seemed a bit more stable, just for a bit of fun, current average price is 0.55 so I'm sitting about even now with my DYE. Really not too fond of hanging onto DYE in this climate, I've never really even followed their business all that much, just been playing to their highs and lows.
Contemplating getting out, but not too keen on not having any profit to show for holding it for so long.
Break of 0.16 on ultra high volume. Pullback on lower volume. Anyone else like this one? I'm thinking a stop around 0.155.
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Although I noticed and did buy the breakout, I took profit on the first day, suspecting a pump'n'dump or a preparation for a capital raising. Considering a re-entry at 14-14.5c.
Not grinning yet, but as of yesterday I can definately feel a smirk coming on. With an announcement due 31st July on Tata's commercialisation plans also Dyesol may finally be turning the corner.
That would be good news, Zedd.
I missed the bit about the forthcoming 31 July announcement. Where/when was this mentioned?
"At the project level, progress in discussion continues to work relentlessly towards commercialisation. During the next quarter significant updates are expected in relation to all three major projects - Tata, Pilkington and Timo. We have sometimes been optimistic on timing, but decisions at the multi-national level are largely beyond our control. The formal deadline for an announcement on commercialisation arrangements at Tata is July 31, having been revised from May 31 due to a slight delay to completion in 2011"
- March Quarterly Report 2013.
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