Australian (ASX) Stock Market Forum

JMS - Jupiter Mines

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lol I was just joking re Pork pies lol lol

Anyway options are easy as piss,


Next time me and Sean meet up you should come join us and we can chew the fat ( sorry couldn't resist :p: ) on options
 
YOUNG_TRADER said:
lol I was just joking re Pork pies lol lol

Anyway options are easy as piss,


Next time me and Sean meet up you should come join us and we can chew the fat ( sorry couldn't resist :p: ) on options
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Mum said I've got to be in before "Home & Away" I hope its not a full megaphone lecture from the pulpit! haaaaaaaaa Yes sounds good to me just ping me a time and date via private mail and I'll thrash the car down to Brownswick....... I answer by the name of :axt: Choppha
 
3 veiws of a secret said:
As you know I don't trade options as yet (but tempted) I could'nt give a damn about the porkie pies or whatever ,beleive me....I was trying to reason out if the options had any significance to when the shares shuddered after the announcement. I think i need some kind soul to hold my hand and guide me through this option labrynth.....as I said it's interesting!
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This reply should probably be in the beginners section but i too would like to know how these options are traded and how do they work. Would be great if someone can give us a brief run down of how it works.

Hypnotic
 
Hopefully the news on JMS's iron ore options will sit better with investors the more they think about it. I'm happy to sit and ponder as others, hopefully, pick up stock.

On traded options: If you are willing to accept every penny you have invested is lost, and be content about that loss, and happy to invest again and lose again, and then not grumble about your losses, and learn and start back at the beginning, and hopefully recover these losses or lose and start again: Then options are for you my friend.

http://www.asx.com.au/investor/warrants/news/wco_rules.htm

http://www.asx.com.au/investor/options/index.htm
 
noirua said:
On traded options: If you are willing to accept every penny you have invested is lost, and be content about that loss, and happy to invest again and lose again, and then not grumble about your losses, and learn and start back at the beginning, and hopefully recover these losses or lose and start again: Then options are for you my friend.
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Do I detect Rudyard Kipling subtly veneered in that post?


Re opies: For example I picked up another 250k @0.015 cost = $3750 + brokerage say $4k all up, so my total exposure on that trade is $4k ie max downside, however upside is unlimited, if JMS sign some huge deal stock rockets to 30c, (since opies are 20c) they get to 10c my $4k posistion is now worth $25k

But back to JMS, good to see it now has support at 15c remember

Technical chart points to watch

Support 13c (Very strong)

Support 15c (Just got through but looks like its confirmed)

Resistance 19c (Very Strong needs to break and hold for at least 1 week to confirm)

Resistance 21c Blue Sky!
 
YOUNG_TRADER said:
Do I detect Rudyard Kipling subtly veneered in that post?


Re opies: For example I picked up another 250k @0.015 cost = $3750 + brokerage say $4k all up, so my total exposure on that trade is $4k ie max downside, however upside is unlimited, if JMS sign some huge deal stock rockets to 30c, (since opies are 20c) they get to 10c my $4k posistion is now worth $25k

But back to JMS, good to see it now has support at 15c remember

Technical chart points to watch

Support 13c (Very strong)

Support 15c (Just got through but looks like its confirmed)

Resistance 19c (Very Strong needs to break and hold for at least 1 week to confirm)

Resistance 21c Blue Sky!
Click to expand...

Thanks YT, i understand how the options work now. Basically they are like a contract for you to have the "Option" to exercise it later in the future when it reaches its exercisable price.

When you buy the options do they tell you what the price they can exercise it in? or is it assumed?

Does this mean that there should be a huge resistance later at 20cents+ for JMS when option holders can start exercising its options and make some good money?

What usually happens when a share hits a price where people can exercise its options?

Back to JMS looks like it will be hard to break through 19cents without a decent piece of news. Hopefully tomorrow or Friday the deals comes through.



Hypnotic
 
it would depend on what people paid for the options.

say you paid 2 cents for options with strike price of 20 cents. the shareprice therefore has to get to 22 cents before it is in the money. therefore to exercise your options under 22 cents you lose money.

and as the sp gets closer to the strike price the option price will increase. so its not necessarily the fact that as soon as sp hits 20 cents then everyone will convert their options.

and then it also depends on expiry date, people would want to wait as long as possible before conversion if stock is in an uptrend and have only just entered in the money.

ive only really started learning about options but that is a couple of very general points i have picked up.
 
dj_420 said:
it would depend on what people paid for the options.

say you paid 2 cents for options with strike price of 20 cents. the shareprice therefore has to get to 22 cents before it is in the money. therefore to exercise your options under 22 cents you lose money.

and as the sp gets closer to the strike price the option price will increase. so its not necessarily the fact that as soon as sp hits 20 cents then everyone will convert their options.

and then it also depends on expiry date, people would want to wait as long as possible before conversion if stock is in an uptrend and have only just entered in the money.

ive only really started learning about options but that is a couple of very general points i have picked up.
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The spread on these oppies is almost criminal! :banghead:
 
YOUNG_TRADER said:
Anamoly Identified at Widgie!
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RE: NEW TEM ANOMALLY IDENTIFIED AT WIDGIEMOOLTHA
Jupiter Mines has delineated a discrete bed rock conductor on its Widgiemooltha Project south of
Kalgoorlie. The project area covers 215 square km of prospective ground for Nickel. The project sits
between the structurally significant Widgiemooltha Dome and Pioneer Dome and approximately five
kilometers to the south of the Redross Ni Mine. The anomaly sits on the Basal ultra mafic contact.
The TEM SQUID survey over the project is still being completed and scheduled to finish before
Christmas. Preliminary work indicates the anomaly is under shallow cover and worthy of further
work. An EM survey and drilling program is planned for all delineated anomalies in the next phase
of exploration once the TEM survey is completed.

Here it is!!

They really want their christmas bonus don't they...

Everything happening at once....
 
Hypnotic FANTASTIC cut and paste just sold Caltex decided to see what's happening to JMS geee suspended! or trading halt ? But thanx for the positive news .......Champagne tonite, and come midnight back of the diesel fuel! :eek:
 
noirua said:
Many a Prime minister has Rudyard Kipling's " IF " inplanted in their minds, and now on ASF: http://www.kipling.org.uk/poems_if.htm

JMS are looking good, bought the shares and not the options, good, but not as good as it could have been.
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I almost bankrupted myself 4 yrs ago when I was 18 yrs old and the words of that poem will stay with me forever,

JMS is forming good support at 15c-16c,

If it edges up towards 19c pre Chinese ann which they said they would release an update by tomorrow it should re-test all time high.

Perfect timing for that survey report, almost too perfect :cautious:
 
Well its Friday and JMS promised a mkt update re Chinese JV and now they've gone into a trading halt!


Has it come through finally?

The trading halt was requested by the company until Tuesday, can't wait to see what the news is
 
Having missed selling on the spike on August 3, I certainly hope that we get a sustainable result from this ann. There has only been slight see-sawing for the last 6 months :banghead:
 
blueroo said:
Having missed selling on the spike on August 3, I certainly hope that we get a sustainable result from this ann. There has only been slight see-sawing for the last 6 months :banghead:
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that is what we are all hoping.
JMS has really tried our patience in these last six months.
"all things come to he who waits........ " blah blah blah (we hope)
 
Jumped back on this last week after seeing the increase in volume.
After all the criticism of management, they go and bombard the market with a number of good announcements. All seemed perfectly timed for this trading halt.

Very interested to hear what this is......VERY.
 

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