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Re: FWL - Ferrowest Limited

Pommiegranite said:
YT, undoubtedly there will be some profit taking...such as your sell order of 250,000 options at 0.99c :cautious:

:D
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Sorry to dissapoint mate but thats not me, I hold 600k in 3 different accounts, 200k in each, so the most I could put up in one order would be 200k, but $1 would be nice, yeah I'd take profits at $1, but only some, the rest would be a long term hold for me :)
 
Re: FWL - Ferrowest Limited

YOUNG_TRADER said:
Sorry to dissapoint mate but thats not me, I hold 600k in 3 different accounts, 200k in each, so the most I could put up in one order would be 200k, but $1 would be nice, yeah I'd take profits at $1, but only some, the rest would be a long term hold for me :)
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Not disappointed in the slightest. Infact today has been a good day.

It's good to see that end of day profit taking was minimal. Hopefully this will provide a good base to press on tomorrow.:)
 
Re: FWL - Ferrowest Limited

Yeah I'm not too dissapointed either,

According to the charts posted has this broken out now?

It was an all time high close, and volume was about 5x normal, ie 1m vs 200k

Tomorrow should be interesting, I still wonder though after seeing CUL if insiders bought today and yesterday because the news has leaked, oh well all this thinking is making my head hurt lol
 
Re: FWL - Ferrowest Limited

the build up this morning is js amazing, looks like someone is desperately trying to get in, news must be good!:eek:

did anyone notice that 100k order @90c pulled out in the last min ?
 
Re: FWL - Ferrowest Limited

UPKA said:
the build up this morning is js amazing, looks like someone is desperately trying to get in, news must be good!:eek:

did anyone notice that 100k order @90c pulled out in the last min ?
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Yeah I saw that, he kep going up then off up then off, I think thats him at 82.5c

Either way breakout confirmed, this could be the pre-pfs run
 
Re: FWL - Ferrowest Limited

I watched that 100k order in the pre-open as well, pushed the opening price from 81 at around 830am right up to its high of 86.5 then as that order and others were pulled seconds before open the opening price dropped to .84 .

Funny to watch it though, as 100k was put up at .90, a lot of smaller orders popped up to that point as well (within seconds), and sure enough as the order was pulled---so too were the small orders....I reckon the order was for a bit of fun from the second it was put up! Trying to fluff up the pre-open.......:2twocents
 
Re: FWL - Ferrowest Limited

tibby said:
I watched that 100k order in the pre-open as well, pushed the opening price from 81 at around 830am right up to its high of 86.5 then as that order and others were pulled seconds before open the opening price dropped to .84 .

Funny to watch it though, as 100k was put up at .90, a lot of smaller orders popped up to that point as well (within seconds), and sure enough as the order was pulled---so too were the small orders....I reckon the order was for a bit of fun from the second it was put up! Trying to fluff up the pre-open.......:2twocents
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I don't think YT is on this thread anymore....he's now distracted by RMI...and with good reason!!!!!!!:D
 
Re: FWL - Ferrowest Limited

Hi all.

I'm a newbie and FWL is my second largest holding. I'm in this for the long term. Can I get some educated opinions on what the SP will be long term. Say 1 -3 years. I've done some research and i'm educating myself daily but the share market is still a bit Greek to me. Cheers.
 
Re: FWL - Ferrowest Limited

Potato381 said:
Hi all.

I'm a newbie and FWL is my second largest holding. I'm in this for the long term. Can I get some educated opinions on what the SP will be long term. Say 1 -3 years. I've done some research and i'm educating myself daily but the share market is still a bit Greek to me. Cheers.
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Spud, where this will be in one week is anyone's guess, let alone a year, or three! So much water under the bridge...Best guess is to look at projected eps from their project and compare to peers. Unfortunately, we don't have that yet. YT's analysis is a good place to start, but we need the analysis from the company with the first hand info. Wait for BFS for confirmation. :2twocents
 
Re: FWL - Ferrowest Limited

Hey Spud,

There is plenty of info on this thread, you must take the time to read through it and get an understanding,

Also for rough calculations and figures see the companies web site, they have already done scoping studies on the project which show some very Robust Cash flows

http://www.ferrowest.com.au/yalgoo.html

EBIT of $75m p.a. for 30+ yrs
 
Re: FWL - Ferrowest Limited

Potato381 said:
Hi all.

I'm a newbie and FWL is my second largest holding. I'm in this for the long term. Can I get some educated opinions on what the SP will be long term. Say 1 -3 years. I've done some research and i'm educating myself daily but the share market is still a bit Greek to me. Cheers.
Click to expand...

Read through this thread. and read all the ann of the company. I think this will help you very much.
:)
 
Re: FWL - Ferrowest Limited

Thanks all. I have read through most of this thread, it along with the info on their website was the trigger for my buy at .45c. I'm still learning this capper but so far so good. I'm going to hold this one long term. SLA is my other big hold. Looking good. Just getting nervous seeing me money rise so high... it's all good though, love it. Good luck to all.
 
Re: FWL - Ferrowest Limited

What happened, I was looking at some other stuff for a sec and whamo, we're back at 80c,

Was bound to happen, probably traders locking in profits,


Kenna what's the chart saying?
 
Re: FWL - Ferrowest Limited

YOUNG_TRADER said:
Kenna what's the chart saying?
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Looks very good. That gap up is hopefully a breakaway gap and won't be filled. If it is filled then the lower part of the gap should be very good support, pending toppish market effects. Previous mentioned target still might be hit.
 
Re: FWL - Ferrowest Limited

hey YT - I wouldn't fret, in the scheme of things this is still pretty low volume stuff.

I'm still anticipating that sometime in the next few days to a week a large retail investor or an insto will arrive and takes 500K - 1M off the table in a swoop, although calculated buying seems the go atm.
 
Re: FWL - Ferrowest Limited

Hey Calliente, not fretting at all, its just the depth changed very very quickly

Kenna so you recokon 80c will act as support? or 75c?

It certainly doesn't look like anyone wants to sell below 80c,

Close should be interesting
 
Re: FWL - Ferrowest Limited

Hey Kennarico,

So chart wise it has now broken out from 75c and is may be headed towards 95c,

The opening Gap was filled today though as an intra day low,

Although I sometimes question technicals, I am nevertheless fasinated by them,

Watching and waiting, 9 days to go until the end of the month, so max 9 day till we get PFS!


kennas said:
Looks very good. That gap up is hopefully a breakaway gap and won't be filled. If it is filled then the lower part of the gap should be very good support, pending toppish market effects. Previous mentioned target still might be hit.
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kennas said:
Here's the background to an ascending triangle:

Ascending Triangle (Continuation)

The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Regardless of where they form, ascending triangles are bullish patterns that indicate accumulation.

Because of its shape, the pattern can also be referred to as a right-angle triangle. Two or more equal highs form a horizontal line at the top. Two or more rising troughs form an ascending trend line that converges on the horizontal line as it rises. If both lines were extended right, the ascending trend line could act as the hypotenuse of a right triangle. If a perpendicular line were drawn extending down from the left end of the horizontal line, a right triangle would form. Let's examine each individual part of the pattern and then look at an example.

Trend: In order to qualify as a continuation pattern, an established trend should exist. However, because the ascending triangle is a bullish pattern, the length and duration of the current trend is not as important as the robustness of the formation, which is paramount.
Top Horizontal Line: At least 2 reaction high reaction highs are required to form the top horizontal line. The highs do not have to be exact, but they should be within reasonable proximity of each other. There should be some distance between the highs, and a reaction low between them.
Lower Ascending Trend Line: At least two reaction lows are required to form the lower ascending trend line. These reaction lows should be successively higher, and there should be some distance between the lows. If a more recent reaction low is equal to or less than the previous reaction low, then the ascending triangle is not valid.
Duration: The length of the pattern can range from a few weeks to many months with the average pattern lasting from 1-3 months.
Volume: As the pattern develops, volume usually contracts. When the upside breakout occurs, there should be an expansion of volume to confirm the breakout. While volume confirmation is preferred, it is not always necessary.
Return to Breakout: A basic tenet of technical analysis is that resistance turns into support and vice versa. When the horizontal resistance line of the ascending triangle is broken, it turns into support. Sometimes there will be a return to this support level before the move begins in earnest.
Target: Once the breakout has occurred, the price projection is found by measuring the widest distance of the pattern and applying it to the resistance breakout.

That's not to say that this is the perfect ascending triangle, or even if a breakout will occur. It's probably too short a time frame, and too many day traders in and out. (sorry if you disagree Niz :p:)

My tip is it will crash now. :banghead: :D

However, recently, I seem to be getting it right. Or, the charts are getting it right. :confused:
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Re: FWL - Ferrowest Limited

YOUNG_TRADER said:
Hey Calliente, not fretting at all, its just the depth changed very very quickly

Kenna so you recokon 80c will act as support? or 75c?

It certainly doesn't look like anyone wants to sell below 80c,

Close should be interesting
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The bottom of the gap up should be the support, at about 78 cents, but we can't really say what sort of a gap up it is until further price action. There's no real solid support line there so I'd say around 75 ish for the minute. You could also draw a line up along a vague short term upward support line too which may provide support. On the downside the sp may hit this around 75ish as well which adds to that position.
 

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Re: FWL - Ferrowest Limited

Well we closed at the low of 74c which is just a smidge below that 75c line so I guess you could say we closed a smidge below Kenna's techie support levels,

Whats interesting is that the rise of yesterday and the day before was 2m shares, yet todays re-trace was 175k shares,

Still waiting for PFS 8 days to go
 
Re: FWL - Ferrowest Limited

Once FWL settles down, does anyone have an idea on what the premium will be on the option considering they expire June 2010? From other stocks I have seen its general 3 cent a year?
 
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