HLX - Helix Resources

[toc_bat]

Hi all

I have been away from the internet for a while, im sure none have you missed me much, anyway does anyone here know when HLXO stopped being traded?

bye all

 

[madcabbie]

Hi all

I have been away from the internet for a while, im sure none have you missed me much, anyway does anyone here know when HLXO stopped being traded?

bye all

Friday 23rd March i.e. - end of this week

 

[Sean K]

Seems to have found good support at 17 ish and momentum is back up. Holding above 20 will be more confirmation.

(not holding)

 

[madcabbie]

great charts Kennas - someone or something is bidding for a lot of HLXO - of course, we can't know their motivation, but it still adds to the overall picture

 

[Beethoven]

great charts Kennas - someone or something is bidding for a lot of HLXO - of course, we can't know their motivation, but it still adds to the overall picture

Don't know their motivation you say??? I think people can see that HLXO is a bargain. The stock is trading at around 20 cents. The options should be worth 6 cents. Anything below 4 or 5 cents is cheap. I think its a safe buy and they save on brokerage fees as well.

 

[jtb]

Don't know their motivation you say??? I think people can see that HLXO is a bargain. The stock is trading at around 20 cents. The options should be worth 6 cents. Anything below 4 or 5 cents is cheap. I think its a safe buy and they save on brokerage fees as well.

Thinking hard about another 100K and selling INL to convert them myself

 

[Dr Doom]

Seems to have found good support at 17 ish and momentum is back up. Holding above 20 will be more confirmation.

(not holding)

I'd like to see a bit more volume too Kennas. Volume usually is a good indicator of a break as well as the other indicators lining up in unison. I see the stochastic topping out in this daily cycle, so it may need to re-test the last lows (for a daily double bottom?) for a real good go at it, depending on further ann's? Then it could be off to the races

 

[AJ_]

Just remember that the directors were buying both HLX and HLXO a while back.... must be for a reason... but HLXO expiry is getting really close, so it could be risky to get those... so that is proabbly why they (HLXO) are trading at a discount.

 

[Go Nuke]

Doing well today...now lets just see it stay above 20c!
Any ideas why?

 

[greggy]

Doing well today...now lets just see it stay above 20c!
Any ideas why?

I feel that this stock has been well and truly oversold of late. As discussed a number of times it has several interesting projects and is set to cash up again with the options expiring very soon. Nice finish for the day.
DYOR

 

[Sean K]

Volume has picked up a little. Finally cracked 20 (just) which it's been trying to do the past 3 days. Nice finish.

(not holding)

 

[greggy]

Volume has picked up a little. Finally cracked 20 (just) which it's been trying to do the past 3 days. Nice finish.

(not holding)

Nice chart there Kennas. Thanks for the chart. I'm still holding.
DYOR

 

[madcabbie]

Company announement today - G. Wheeler (company director) bought another 401,417 opts. (exp. 23-3-2007 i.e tomorrow)
seems like a vote of confidence to me - strike up the band

and a 1 and 2 and a 1,2,3,4 ...... :band

 

[petervan]

Buyers seem to be building up.Looking bullish

 

[Jimminy]

what do we make of this? Bought at $0.037c - now that he has notified today and the options expire on the 31 March 2007 he clearly intends to convert.

$0.177 for heads. Probably not a bad buy. But do we see this as a sign from the MD of news being imminent. And what news?

 

[petervan]

Pure guesswork, but i think an announcement about production at west pilbara iron project.Have to go pick up the kid from school,going to miss close of market

 

[YOUNG_TRADER]

I think its great news as instead of buying on mkt at similar price, he's buying opies and will convert = more cash for company!

I wonder if someone will step up and underwrite the options? Would be easy money for whoever does it!

 

[Go Nuke]

Sadly i have NO idea about options...so im just going to sit back, read and learn.
But Im guessing it could be a good thing if he has bought options.
I get a bit confused because I know MD get special privilages in reguards to options etc dont they?
Or is that just based on performance?

Anyway..its going to close on 22c...so Im happy with that

 

[dubiousinfo]

I think its great news as instead of buying on mkt at similar price, he's buying opies and will convert = more cash for company!

I wonder if someone will step up and underwrite the options? Would be easy money for whoever does it!

I wouldn't be surprised to see the directors take up any shortfall of options not converted.

 

[nomore4s]

Another good day, chart starting to look pretty good. Increased volume, MACD looking good but most importantly sp moving up!

Also included is a weekly chart (2 years), the climb is pretty steep, hope it can keep it up.