HLX - Helix Resources

[Snakey]

YT - my bet is he won't but don't take it personally

think about it - this guys in the position where there must be a lot of people following his recommendations blindly - i mean he used to give Kerry Packer tips (has anyone seen a study on speculator punts and their impact on share price 5 days after bulletin comes out - someone must of done it?)

now in that position you open yourself for severe crticism that you're just supporting your own portfolio / conflict of interest etc

i looked again at the speculator the other day and noticed he declares an interest for anything he or his family owns but there was only one share in his current portfolio he has an interest in

so.... when a great spekky arrives on your desk (and he must get 20 a day) what are you going to do? if i was him i'd be buying in big, telling my mates (who all trust you implicitly), leaving it out of the speculator just so i don't have to declare it, and still making a motza cause James packer and his friends aren't going to be buying parcels of $10,000

chances are YT he told his mates last night and this is the result!!

what about both?
first tell ya mates then tell the world
thats what I'd do.
i think the big boys are having trouble accumulating decent parcels
not enough sellers?

 

[scsl]

I finally jumped in this afternoon, albeit not near the low of the day... couldn't resist, so I just bought at market. But, I'm not worried... so long as the announcement comes out soon.

Just wondering if anyone also reads the HLX thread on HotCopper? Be interesting to hear how pumped they are!

This may sound very nooblike, but when will we see the buying created from rumours? Eg the geologist tells a good mate, good mate then tells his mates that this is gonna be the next big thing... or the lab technician likes what he sees and drops his cousin a line, stuff like that. Or is that what we're seeing now?

 

[Accaeric]

there is no big selling order. slight retracement is healthy.

 

[sydneysider]

there is no big selling order. slight retracement is healthy.

The buy side is stuffed with big buyer orders. Currently 24.5 with biggest resistance to 30 at the 25 level, once that goes it should be an easy run to 30 ISH.

 

[YOUNG_TRADER]

The buy side is stuffed with big buyer orders. Currently 24.5 with biggest resistance to 30 at the 25 level, once that goes it should be an easy run to 30 ISH.

Lots of people still reckon they can pick it up at or near 20c, so you're right Syd, once it breaks away towards 30c, these orders will chase up as fear of missing the run kicks in, it'll be a frenzy,

 

[Trend Trader]

Toro up 9% with 800+vol, broken from a small triangle and may be a clue to what is coming for HLX.

Good Luck all

 

[TheAbyss]

Toro up 9% with 800+vol, broken from a small triangle and may be a clue to what is coming for HLX.

Good Luck all

Reading the Toro Company overview released recently they comment that they want to develop a producing mine and that the fastest method will probably be via acquisition (page 37). Any relationship to HLX with this?

 

[Sean K]

Reading the Toro Company overview released recently they comment that they want to develop a producing mine and that the fastest method will probably be via acquisition (page 37). Any relationship to HLX with this?

I can't see any from here. Possibly comparing charts, but more likely a ramp for Toro.

 

[mambowoods]

hlx and toro are in a 1000 hole jv looking for u in sa

 

[Sean K]

hlx and toro are in a 1000 hole jv looking for u in sa

That makes some sence then mambo. Thanks for the info.

 

[Trend Trader]

I can't see any from here. Possibly comparing charts, but more likely a ramp for Toro.

Hi kennas, if you were refering to my post, I don't hold TOE and only made the comparison based on their JV with HLX.
I won't post the chart for TOE here because it isn't relevent, but there is a small ascending triangle startdate 25/1, with a breakout line at 78c. Needs a close above 80c to confirm.
Relevance to HLX is the pattern formation developing into breakout, this will likely mean an announcement is coming for TOE, and HLX, over the coming days.

If you weren't refering to my post then ignore, and sorry for the reply.

 

[scsl]

Could it be that the results are not as good as management had expected and they are holding back a little, perhaps trying hard to word it better? But then again, two directors bought shares last week...

 

[dj_420]

i think the news will be great. todays action has seen a little retracement which is healthy. we dont want our stocks to rise vertically and then fall over. huge support at 20 cents. the 20 cent mark is beginning to form a nice new base now. some consolidation around this level keep it at low 20's then news.

 

[megla]

two directors bought shares last week...

Have directors not bought shares previously, just to prop share prices up?

I'm holding so I'm hoping that they know something good

Edit: just checked that for myself, couldn't see a director risking super fund money, particularly when he wasn't a shareholder previously. All looks good!

 

[Trend Trader]

Let them sell I say, the base has formed at 20c and with in the next couple of weeks there should be a marked improvement from where HLX is today.

With today's movement I am more encouraged, remember a lot of traders become impatient when they see a little bit of profit loss. They may sell to buy some thing else which is moving and buy back in later. The more vertical the share goes the longer the fall back to reality as dj_420 has said.

Everyone has that choice to make, but with so many possible announcements coming HLX may go 'pre open' at any time.

dj_420 I will be a little more bullish and say that HLX will be above 25c before any announcement, maybe closer to 30c, but that could be wishful thinking.

Good luck all

 

[Out Too Soon]

Correct me if I'm wrong, but couldn't we be being played for fools here?
Someone or a group buy about $100K-$200K worth of shares a few days ago, do their stuff on a couple of forums then dump at a nice profit.
Probably not the case here but I just wonder how much it gos on.

 

[YOUNG_TRADER]

Correct me if I'm wrong, but couldn't we be being played for fools here?
Someone or a group buy about $100K-$200K worth of shares a few days ago, do their stuff on a couple of forums then dump at a nice profit.
Probably not the case here but I just wonder how much it gos on.

For such a quality stock, with such quality assets I find it hard to believe, the Directors certainly believe in their company, as do I.

 

[Novski]

Correct me if I'm wrong, but couldn't we be being played for fools here?
Someone or a group buy about $100K-$200K worth of shares a few days ago, do their stuff on a couple of forums then dump at a nice profit.
Probably not the case here but I just wonder how much it gos on.

True, but if they do that are aren't patient when the price is trending up and there really are no strong sell signals, they are likely to be 'Out Too Soon'

 

[dj_420]

Correct me if I'm wrong, but couldn't we be being played for fools here?
Someone or a group buy about $100K-$200K worth of shares a few days ago, do their stuff on a couple of forums then dump at a nice profit.
Probably not the case here but I just wonder how much it gos on.

so you think that people who are buying a company with some fantastic fundamentals

1 - tunkillia
2 - iron ore
3 - uranium exp
4 - other base metal projects
5 - market cap of $20 million
6 - directors buying up big

are been played as fools???


now if a company with poor mgt, no projects, no assets was been pumped and then people bought into that THEN i would say they are been played as fools.

look at the market cap! its 20 million, IMO there is no way sp can go but up from here.

IMO the people who are dumping their holdings after a small run are the fools. just pointing out the fact that i think people are buying into this company based on the fact that it is extremely undervalued given the projects. not simply because a number of people (myself included) are excited by finding such a gem of a stock with such small market cap.

 

[Go Nuke]

Well...from what Ive read etc...Im glad to be on the HLX boat at 21.5c

I was going to buy into LHG seen as it broke out a bit yesterday...its still an option....but I think i will sit and save some more hard earned money for awile.

This is worse than the gambling bug! :badass:


:microwave