Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,008
Pat, I actually think it's longer term support. Have a look at a 4 year chart. I posted one yesterday I think with support shown.Pat said:
HLX - Helix Resources
- Thread starter YOUNG_TRADER
- Start date
-
- Tags
- helix resources hlx
- Joined
- 31 October 2006
- Posts
- 403
- Reactions
- 0
For anyone that wants to jump onto HLX, the options are actually better value..
24.5c on the ask, compared to 9c on the options ask..saves u 1.5c a share
24.5c on the ask, compared to 9c on the options ask..saves u 1.5c a share
- Joined
- 27 April 2006
- Posts
- 1,109
- Reactions
- 4
agree pat. i would like to see the buyers gaps fill up without a massive run on the sp. huge runs encourage big selldowns like the other day. i want to see 1 - 2 cent increases with support following sp.
- Joined
- 31 October 2006
- Posts
- 739
- Reactions
- 0
kennas said:
I guess, but seeing it the share price got smashed to 16.5 cents, i'm not sure how strong it is... I suppose when there is a panic sell off support flys away with the share price.
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,008
There were only a few sales at 16 ish cents. It was a panic sell off from day trippers. It bounced straight off there and back to 20. Now that I've said all that, it'll crash to 10 cents.Pat said:
- Joined
- 22 September 2006
- Posts
- 435
- Reactions
- 0
kennas said:Support validated at 20, hopefully a steadier climb with day traders steering clear. Still early days. Could fall over in the next 1 1/2 hrs..
Kennas, the U.S. Wall Street Journal did a half page article about resource miners and featured BHP and their iron ore operations in the Pilbara with commentary about the massive developments in the area. There have been a whole series of major articles about the Pilbara, W.A. resources, BHP in the WSJ over the last few weeks. This mornings article came with a large color photo of an ioron ore open pit operated by BHP in the Pilbara. IMHO the yanks have arrived with suit cases of cash... look at AQA which is flying.. I think that HLX is now "entrapped" in a major bull market move.
- Joined
- 31 October 2006
- Posts
- 739
- Reactions
- 0
kennas said:There were only a few sales at 16 ish cents. It was a panic sell off from day trippers. It bounced straight off there and back to 20. Now that I've said all that, it'll crash to 10 cents.
10 cents?
Hope not, got a few mates who would cry if they saw that.Any view on the small rise today. Been some low volume, small bids pushing the price up... I dont see it holding.
- Joined
- 1 February 2007
- Posts
- 1,068
- Reactions
- 0
sydneysider said:
Ahhh...I was born and raised in Tom Price in the Pilbara...Iron Ore is in my blood!
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Go Nuke said:Ahhh...I was born and raised in Tom Price in the Pilbara...Iron Ore is in my blood!
In your blood you say? So what if I stuck a drill into you and sent the sample away for assays what sort of results could I expect? 60% Fe ?
: TGI Friday (I'm losing the plot)On a serious note, alot of buy orders sit around 20c and then get pulled lately, so keep an eye on that
This is the first time I have owned options, so one question. I dont have enough $$$ to convert all my options and I will be selling them on market.
As the expiry date gets closer to the options always sell at around (Share Price - Strike Price) or do they sell at a discounted value due to the hassle of converting into shares?? If so whens the best time to sell in your opinion?
As the expiry date gets closer to the options always sell at around (Share Price - Strike Price) or do they sell at a discounted value due to the hassle of converting into shares?? If so whens the best time to sell in your opinion?
djones said:
LoL i dont think there is a right or wrong answer for this question. If you cant convert them ... why buy so many of them especially when its close to the expiry date??. But my opinion to you is if you cant convert them you might as well sell them what you think is a good price.
- Joined
- 18 February 2006
- Posts
- 4,200
- Reactions
- 2
Timothy Boreham of the Criterion got back to me via email,
He's going to take a look at HLX and may comment on it in a sector wide piece, I will also forward him an updated view on YML, with nickel breaking $20lb I think YML is well poised for a proper re-rating soon
He's going to take a look at HLX and may comment on it in a sector wide piece, I will also forward him an updated view on YML, with nickel breaking $20lb I think YML is well poised for a proper re-rating soon
Hi YT,YOUNG_TRADER said:
I'm back in around the 20c mark.
Timothy Boreham is a pretty good bloke. He always replies to his emails. I contacted him about NRU just over a week ago and he informed that he was about to do a review on uranium stocks which may include NRU and hopefully HLX as well. I often read his Criterion column and he seems to have a strong ability to move markets just like you YT.
DYOR
- Joined
- 31 October 2006
- Posts
- 403
- Reactions
- 0
Volume has totally died off here - on the plus side there wasn't another big sell off like before but with volume this dry a run seems unlikely.
stoxclimber said:
Volume has died off because people arent expecting anything soon like in a couple of days. I think middle of march is when we will see some movement like what we saw earlier in the last couple of weeks and if an announcement comes out after that i think we will see it go to blue skies.
Well volume seemed to pick up a little today. I saw AQA in a trading halt. I hope it has something to do with HLX because if they are in a trading halt, then HLX will be in a trading halt soon as well. I wonder if that has caused some interest to come on it today. Anyone have any thoughts?
- Joined
- 22 September 2006
- Posts
- 435
- Reactions
- 0
Beethoven said:
Half yearly reports due from all three JV partners Aquila, Toro & Minatour in the next week or so.
Down 3.5 to 19.5cents with lot of sells and not to many buys to hold the price up. Im going to hold in there with my shares and options as hopefully this is just a slight market correction which will bounce back. Would love some positive news from HLX on thursday or friday!
