Australian (ASX) Stock Market Forum

HLX - Helix Resources

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be interesting to see what happens to HLX on monday morning, will the people that missed out friday arvo jump in or will a few profit takers come out of the woodwork and keep a lid on the price.

At the close on friday the buy to sell ratio was 7:1, so not many left available.

Also very positive for HLX the recent surge of the gold price now around AUD $860 making Tunkillia a very likely mining operation.

What do you guys and girls think will happen Monday morning?
 
Profit takers are always around, thats what makes the market. Its the ones that sell to early that make our task easier. Lets hope there are a few more sellers out there so we can top up before the anticipated announcement. ;)
 
What do you guys and girls think will happen Monday morning?

Ok I'll give it a shot.
I have only executed 2 trades in my career so can afford to make a fool of myself on public display :)

From past observations of chart patterns after such a LONGISH Bar I would quess that there is a 99% probability that ......

All those reading this thread... looking at charts ... reading news will hop on first thing just to make sure they don't miss out.
So it will open higher .. then all the professional will step in and ofload.

It will close LOWER at the end of the day so all the topper uppers will get their chance.

I am only responding to this thread because I actually became aware of HLX through MetaStock on Friday night which gave it is a buy signal on one of my explorations BEFORE I saw this.

Rob
 
Rob...don't forget the strong possibility if an ann. early next week on anyone of 3 projects....that will change the trading strategy you outlined.

It will also act as a bit of investor promotion causing more people to "discover" what a bargain HLX is ....a bargain at any price below 40c atm imo....

And that's why I have been buying oppies all last week.

EB
 
Rob, with the possible gap higher, past experience shows me that an open which is 12/15% higher then the previous day's close, will be jumped on quickly and sold down. However the price will still likely come back and close, close to the open. If HLX opens nearer to the close then it may be a goer for a move into the mid 20's.

All is just a guess though, when you consider people's emotions they will sometimes pay anything. Also as exberliner1 has said announcements are expected at anytime, plus directors are buying so the current price level most likely will be short lived. :)

Good Luck
 
Tech Trader said:
Rob, with the possible gap higher, past experience shows me that an open which is 12/15% higher then the previous day's close, will be jumped on quickly and sold down. However the price will still likely come back and close, close to the open. If HLX opens nearer to the close then it may be a goer for a move into the mid 20's.

All is just a guess though, when you consider people's emotions they will sometimes pay anything. Also as exberliner1 has said announcements are expected at anytime, plus directors are buying so the current price level most likely will be short lived. :)

Good Luck
Click to expand...

Exberliner and tech trader ... I hope you are right.
As I said this came up on my MS exploration as a buy on Monday first thing... HOWEVER I won't be buying yet....

It now goes into my watchlist for a purchase after a short retracement.
I need a little trough 4-5 days below 22c after which I'll be in for a "feeler" trade at 21.5c.

If that doesn't happen and it gaps up to soon (for me) then I'll just wait for the next chance.

We all trade differently ... lets see what happens ?
 
have been buying hlx since they were 9c, a true believer,
own nearly 1% of company, i think they could breach a $1 eventually,
290m tons iron ore at $55t equals $15billion, hlx-30%= $5billion,
how high can they go?
market is just starting to realise the potential. will not be selling for some months yet.
gold up on friday. some analysts are saying gold is about to go for a huge run.
MEP holes finished at 50m with some very high grades 15-20grams per ton. so tunkilla is open at depth with some excellent grades,
 
Should be an interesting start in the morning, with the profit takers up against the speculators. Surely we should get an announcement this week sometime, remember they had planning meetings with both MEP and AQA last week. Even if its just a exploration update and not a JORC reserve for either the Iron Ore or Gold projects it should be enough to keep the share price bubbling along.

Personally I think we will be in for a strong open with people jumping aboard that missed out on friday and then maybe a bit of profit taking later in the day. I still think we should be a bit stronger by the close.

Anyway rest up tonight boys and girls it will be on in the morning.

And go the Aussies Tonight
 
Big week ahead for HLX,

Like I keep saying, I keep getting the feeling that there will be an update before Friday, my bet is probably Tuesday

Looks like "our baby" is finally taking its first steps,
Good luck all ;)
 
A quiet opening which is good imo, as I am expecting an ann shortly, so if it just quitely consolidates above 20c forming a good support base, it will serve as an excellent launch pad for when ann comes out.
 
HLXO is strengthening at 6.5c, which means that HLX is valued at 20.5c.
Current HLX and HLXO prices indicates HLX will be well supported at the level of 20c, just need a good announcement for next big run :D
 
Around ten days ago, My gf who works at bank of china told me that she got an official notice suggesting to buy GOLD. at that time, GOLD was trading 648, I thought it could be related to diverfiy large foreign reserve mentioned at recent chinese finance conference. Some her colleagues said that GOLD would fetch previous peak of 730, I am sorta doubted about it. But, internal official notice is absolutely reliable info. Let us see what will happen to GOLD :D

PS: We are easily influenced by daily fluctuation, but every dog has his own day, just be patient. IMO, this march will be a big one for most mining stocks.
 
Accaeric said:
HLXO is strengthening at 6.5c, which means that HLX is valued at 20.5c.
Current HLX and HLXO prices indicates HLX will be well supported at the level of 20c, just need a good announcement for next big run :D
Click to expand...
Healthy retrace as nervous profit takers jump off . Thought about going short today myself but a bit concerned i might not be able to get them back!
Did top up a little at 19.5 and still waiting @19 . Feel fairly comfortable with the large base at 18c.
 
yes some strong support at 18 cent mark, would like to see a close of above 20 cents today. good news is that only small retrace.

support levels are 18 - 19 cents as stated in charts. old resistance has now formed our new support.

and judging how hard TRF ran on 44 million tonnes at 35% fe, i would like to see market reaction to 200 million tonnes 55% plus (we dont know exact size of resource yet).

however IMO this will be a much larger resource with superior grades.


well we are now just waiting for

- gold upgrade
- iron ore upgrade
- JV toro drilling to start
 
More like a BUYER just went NUT!!!! hm..... other buyers going nuts too... 480k sitting on 20cents

250k in one hit buying up to 21.5 cents....


IS that you YOUNG_TRADER?????? *evil stare* :p:

Hypnotic
 
plus 1mn oppies bid at 6c.....

It's going off....

Shame I was still looking for some more oppies below 6....

Oh well....have to make do with those I bought last week ...

EB
 

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