hi moses
thanks for your SMA posts, but could you do a quick synopsis of the curve means? what to look for in it?
bye
HLX - Helix Resources
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hi moses
thanks for your SMA posts, but could you do a quick synopsis of the curve means? what to look for in it?
bye
Ann today, 2 directors bought more shares on market, 300,000 ($55k) and 100,000 ($19k) respectively. This adds to several previous announcements of changes in Director's interest. All of this adds weight to the Neilson SMA indicator.
However...
TocBat, the blue and black lines represent buying pressure which is measured once a day after the market closes. The blue line indicates the pressure of buy v sell in number of shares in the depth queue, the black line indicates the quality of the buying pressure. It does this by comparing the relative size of the trades on offer. For more and better info, check out the "Neilson Smart Money Analyser" thread.
What it means for HLX atm is that there are 5 times as many "buys" as "sells" in the depth queue, and that on average the buyers are making bigger orders than the sellers. This can be a signal that there are some smart big money buyers in the depth queue waiting to pick up bargains. But be careful; check the depth queue tonight and sure enough you will find 2 unusually large orders in the buy queue. Unfortunately they are at 5c and 6c respectively, ie, meaningless really, but they still register on the SMA chart.
So although I still have confidence in this stock (and I especially like it when directors put $55k of their own money in their own company), the SMA's buy signal for HLX is not as strong as it first appears.
However...
TocBat, the blue and black lines represent buying pressure which is measured once a day after the market closes. The blue line indicates the pressure of buy v sell in number of shares in the depth queue, the black line indicates the quality of the buying pressure. It does this by comparing the relative size of the trades on offer. For more and better info, check out the "Neilson Smart Money Analyser" thread.
What it means for HLX atm is that there are 5 times as many "buys" as "sells" in the depth queue, and that on average the buyers are making bigger orders than the sellers. This can be a signal that there are some smart big money buyers in the depth queue waiting to pick up bargains. But be careful; check the depth queue tonight and sure enough you will find 2 unusually large orders in the buy queue. Unfortunately they are at 5c and 6c respectively, ie, meaningless really, but they still register on the SMA chart.
So although I still have confidence in this stock (and I especially like it when directors put $55k of their own money in their own company), the SMA's buy signal for HLX is not as strong as it first appears.
Moses, thanks very much, i appreciate it, by the way how much do you personally use the SMA, has it proved ot be a reliable tool?
I use it a lot, and give it a qualified "yes" as a reliable tool. Qualified because (a) it can be skewed by meaningless data, (b) it doesn't work on all stocks, and (c) you can easily make mistakes if you give it too much authority. All it really does is give a limited but significant indication of buyer/seller interest, and it must be interpreted through that lens.
However, the big advantage is that it can quite often indicate a change of market interest in a stock BEFORE any movement in SP or volume, and BEFORE announcements come out. In my opinion that is invaluable information. Its up to you of course to evaluate the meaning of that information in a wider context before you buy or sell.
BTW, check out the GCR thread for an illustration of how I use it. I'm predicting a future significant price rise based purely on the Neilson SMA indicator as confirmed by the depth chart. So far there is no news and no significant shift in volume or SP, just a steadily rising buyer interest. Time will tell if I'm right (and things may change), but either way, its just a tool to stack the odds in my favour.
However, the big advantage is that it can quite often indicate a change of market interest in a stock BEFORE any movement in SP or volume, and BEFORE announcements come out. In my opinion that is invaluable information. Its up to you of course to evaluate the meaning of that information in a wider context before you buy or sell.
BTW, check out the GCR thread for an illustration of how I use it. I'm predicting a future significant price rise based purely on the Neilson SMA indicator as confirmed by the depth chart. So far there is no news and no significant shift in volume or SP, just a steadily rising buyer interest. Time will tell if I'm right (and things may change), but either way, its just a tool to stack the odds in my favour.
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frustrating that the only announcement we ever get out of this company
relates to directors buying.......
relates to directors buying.......
Sean K
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Wheeler buying more shares on market. Encouraging. Conspiricists must be enjoying this. LOL
Anyone read up on the Aquila ann today regarding the API JV legal issues. I don't think it's going to have any effect on the Yallen JV. Any thoughts?
Chart wise bounced off 15 well, but is in a significant resistance zone now. Looks to be struggling around here. Volume way off which isn't flash. Breaking 22 will be very positive by this chart.
Anyone read up on the Aquila ann today regarding the API JV legal issues. I don't think it's going to have any effect on the Yallen JV. Any thoughts?
Chart wise bounced off 15 well, but is in a significant resistance zone now. Looks to be struggling around here. Volume way off which isn't flash. Breaking 22 will be very positive by this chart.
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Wheeler buying more shares on market. Encouraging. Conspiricists must be enjoying this. LOL
Anyone read up on the Aquila ann today regarding the API JV legal issues. I don't think it's going to have any effect on the Yallen JV. Any thoughts?
Going off the overwhelming response to my earlier post that conpiricists may be restricted to you and me K
AQA stuff sound s purely to be an AQA (and sub's) issue to me.
Still waiting (and buying) patiently on whatever Messrs CUL and Wheeler can see coming.
Was going to post a long term weekly chart as we've got a beaut wedge that I can see.
Too tired though and on my fifth Coopers.
Must go to bed.
See you on the flip side HLX ers
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frustrating that the only announcement we ever get out of this company
relates to directors buying.......
LOL. I agree!
I think HLX has been the slowest stock at doing ANYTHING that ive owned!
Ok, it is great to see Mr Wheeler buying up again, and even willing to pay 20c for his stock.
Helix isn't known for its quick release of any announcements....well not that ive seen this year
No Kennas I didnt see the business on the API JV, but whatever it was it hasn't affected HLX, so thats fine with me
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The SP has been showing good strength all morning in a fairly average market.
One of the few greens in my Watchlist. Greg Wheeler may be in there again as a buyer?
One of the few greens in my Watchlist. Greg Wheeler may be in there again as a buyer?
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Sean K
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Aquila/API have been continuously drilling, so results could be any time as far as I know.Does anybody know if any results/announcements are due at the moment to warrant such activity?
This gap up may be quite significant, but with this market environment, who knows. General sentiment could crush anything, pending significant results. Day's still young, looks like it was chased a little to me. Holding over 23 will do me.
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Would Mr Wheeler be allowed to increase his stake if this cuurent rise is due to leaking news.Is it possible that the POG is behind the rise-seems unlikely given the size of the increase in SP but Im confused as to the recent news as to the director increasing his stake
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To me it's games. Did you notice how the pressure built up rapidly - pushing the price up 4c. Suddenly there were bids for virtually a million of them.
Just as suddenly the pressure has dissipated. Take a look now at the buy depth - nothing out of the ordinary there anymore.
I don't know what to think - but I doubt very much that it is the POG.
Just as suddenly the pressure has dissipated. Take a look now at the buy depth - nothing out of the ordinary there anymore.
I don't know what to think - but I doubt very much that it is the POG.
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Any thoughts on the "bonus" issue and dirctors buying over the past few days. I'm surprised thay are permitted to do it.
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Hmmm well it is strange that there has been so much action over HLX the last few trading days and then an ann about bonus shares.
It does make me wonder if somehow people new some sort of news was comming, although they didn't know what the news was going to be.
Perhaps some did think it would be drilling news on Yalleen project?
If thats the case I cant see HLX staying up at these levels. With peoples disappointment at the ann only being about bonus shares, some might look to off load.
Considering I paid a premium price for HLX way back in the start of the year (.22c and .24c) Im feeling very tempted to set a stop somewhere around 24c so that I can buy back in at a lower price.
If I had more experience, i would have had many many chances throughout the year to do this
However as Kennas stated, a report from API is due soon..lol. That kinda stuffs me up abit as to what to do
I too doubt the POG has anything to do with this movment. If so my bloody RSG (Resolute Mining) shares would have gone up!
I guess if i play my cards right, i could sell my HLX then hope to buy back in below .22c AND still get my bonus options.
It does make me wonder if somehow people new some sort of news was comming, although they didn't know what the news was going to be.
Perhaps some did think it would be drilling news on Yalleen project?
If thats the case I cant see HLX staying up at these levels. With peoples disappointment at the ann only being about bonus shares, some might look to off load.
Considering I paid a premium price for HLX way back in the start of the year (.22c and .24c) Im feeling very tempted to set a stop somewhere around 24c so that I can buy back in at a lower price.
If I had more experience, i would have had many many chances throughout the year to do this
However as Kennas stated, a report from API is due soon..lol. That kinda stuffs me up abit as to what to do
I too doubt the POG has anything to do with this movment. If so my bloody RSG (Resolute Mining) shares would have gone up!
I guess if i play my cards right, i could sell my HLX then hope to buy back in below .22c AND still get my bonus options.
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To me this is one of the most blatant examples of insider trading I have ever seen,
So dodgey its not even funny! Where the hell are the so called regulators? How can they just turn a blind eye to this?
Am I the only one who was shocked?
