Australian (ASX) Stock Market Forum

January Stock Competition Entries!

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Tric said:
Rich,
bad luck with MRX, hope you didn't get personally singed.
I haven't held mrx but had been watching waiting for ann result with view of jumping in. It sure plumeted when ann came out (about 35%+) on weds, has bounced abit since (4.35% today) but not much. Seems to be a great example where market at times relies heavily on anns in regard to resources. I've read on this site (by a very prominent poster) that anns don't make a difference, they come and go and the market moves on, this being said in support of the debate of fundy vs t/a. I think examples like mrx show the benefit of having some knowledge of fundamentals and linking it to t/a trends when dealing with resources. I use both fundamental, technical analysis, and yep at times contrarian approaches in trading and believe it doesn't have to be a choice. But guess it all depends on how much time you have. Also sure many others use a variety of approaches, just thought this opinion ties in well with how the market reacted to mrx.
cheers
Click to expand...

Hey Tric,
Yes did lose some on MRX but I live to fight another day! I overestimated the reliance on the announcement. In fact it was poorly worded and sounded extremely negative and the market has looked at it in a similar light instead of the takeover play and the overall scheme, which is still in the works. I think those are the reasons why it is recovering a bit. Technicals really help to keep me sane so instead of fighting the market I'll just have to go with it. Can always enter MRX again, especially at these levels but it's too early, I'll have to reassess. As for different approaches, as Tech/A and alot of other people who are into risk mgmt systems say, it's having a plan that is profitable that matters- I'm still getting there, some way to go yet!
 
hi rich

interesting scenario here chris bonwick md of igo has invested 20% into mrx @ 10c or there abouts for diversification of his company. he is a smart guy who has been in the industry a long time and knows his business. at these levels i would not dismiss mrx, it will get back on track.
to me it looks like a reasonable time to make an entry but you might need to hold for a little while-----like azr.

just my thoughts
croc
 
crocdee said:
hi rich

interesting scenario here chris bonwick md of igo has invested 20% into mrx @ 10c or there abouts for diversification of his company. he is a smart guy who has been in the industry a long time and knows his business. at these levels i would not dismiss mrx, it will get back on track.
to me it looks like a reasonable time to make an entry but you might need to hold for a little while-----like azr.

just my thoughts
croc
Click to expand...

Hi Croc,
Yes, I agree with you about it's prospects, just a poorly worded document- we often criticise co's for jazzing up their releases this is the opposite. I expect the price to stabilize somewhere- I'll buy in then, but too early to say, waiting for an uptrend to establish itself, no strong support near current prices. I don't want my money tied up doing nothing so I may just take a small postions and pyramid up. Not sure yet of strategy. This co will be at 12c+ before the year is out imo as that is the min takeover target level it reached earlier, it's just a matter of time before the takeover strategy is finalised.
 
What a battle royale January's competition is turning out to be.

One trading day left and the top three are:

Stefan SOO +26.67%
Bingo GBG +25.00%
GreatPig BWT +22.73%

Looks like anyone's game at this stage.

Monday will be interesting! ;)
 
Maybe we should have a tipping comp on the Jan Tipping Comp winner!?? ha ha , just being silly. Nice to see a bit of drama at the end of each comp. Kind of justifies the current format as it's all about keeping up the interest with a bit of excitement.
 
Oh well another month nearly done, congratulations to-

Stefan
Bingo
Great Pig
baglimit
crocdee
Lucstar
Brerwallabi
My stock (PCG) is pretty much back where itstarted at 0.51c, however, i picked it up at around 0.44c so things are still good :beat:
 
Okay, well it's all over for January and a hearty congratulations goes to Bingo for nabbing the first place spot with GBG, up 25% over the month.

Half a neck away on 22.73% was GreatPig with BWT. Well done, GP!

baglimit, tech/a and stefan also performed very well with returns over the month of 18%, 17.86% and 16.67% respectively. Nicely done!

crocdee and Lucstar both deserve a gold star for finishing the month in positive territory!

...and the rest? Well better luck next month! :p:

Bingo and GP... please send me a private message and we'll sort out those prizes for you!

Good luck for February everyone!

:mexico:
 
Pipped at the post for a second time! Congrats Bingo!

Joe: you have a prize for runner up too?

GP
 
GreatPig said:
Pipped at the post for a second time! Congrats Bingo!

Joe: you have a prize for runner up too?

GP
Click to expand...

GP, first you forget to bookmark the stock tipping competition page (AND miss the link at the bottom of the page) and then you forget that the second placegetter gets $25 as a runner up prize!

All you have to do is private message me an address to send it to. ;)

:twak:
 
Joe Blow said:
first you forget to bookmark the stock tipping competition page (AND miss the link at the bottom of the page) and then you forget that the second placegetter gets $25 as a runner up prize!
Click to expand...
Geez Joe, I gotta enter and remember all that stuff too??? :D

GP
 
Re: January Stock Competition entries! (JOE)

The Barbarian Investor said:
Morning joe-

Is it possible for the final results to be pasted onto the end of his thread?
Click to expand...

Oooops.... sorry Barbarian Investor but I forgot to do it this time (I usually do) and I have replaced last month's entries with this month's already. :eek:

I'll make sure I do it for February's competition.

Apologies!
 
Ah, what a difference a Monday can make to the comp... :)
SOO just couldn't hold on to that big gain on the very last day of the comp. Oh, well. It was indeed a very interesting finish! Well done guys! Let's see what February has in store.

Good luck and happy trading!

Stefan
 
congrats bingo and gp
stefan i think you have an unfair advantage this month. hope you pull it off after yesterdays finish.
mul has to explode sooner or later. lets hope its this month.
to date it has only produced a second place

regards croc
 

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