JMS - Jupiter Mines

[Duckman#72]

........back to the vanilla ice cream G'nite fellow Jupiters!

BMX and JMS both up slightly and with some volume!

.....3 veiws - I might just allow myself to sprinkle some Hundreds and Thousands over my vanilla ice cream tonight.

 

[spottygoose]

YT

Heard on another site this arvo "there is a massive rumour of JMS being taken over. The take over price is north of .30c" reportedly from a "reliable source". They attributed this rumour to the SP surge today.

Any thoughts? I imagine JMS would be a take-over target but I would think it would have to be well north of .30c.

 

[YOUNG_TRADER]

Heard nothing of that, but I'd be surprised if this were true,


Be interested to see what happens 30c = $33m Mkt Cap so not too expensive but then not too cheap either given its spent most of its life around 15c mark,

I'll check my Pato's grape vine as they put Insto's on the registry at 13-14c placement a few months back

Where exactly did this reliable rumour emerge from?

 

[spottygoose]

Someone posted it on sharescene.com - as to who their reliable source is, I have no idea. For such a "massive rumour" I certainly hadn't heard it. Still, I am going to suss it out a bit too.

 

[dj_420]

could be just talk,

on many of these sites people love talking about takeovers as soon as a sp gets moving. i think many people believe a sp cannot increase without takeover talks, least of all been undervalued!

 

[YOUNG_TRADER]

Is this person a reliable poster like say Kennas or are they a **** talker like say (well there are a few on here)

Something was up in the last hour of trading

I was thinking more along the lines of news flow re

- Chinese JV

- Widgie Nickel

- Iron Ore exploration

Suss it out mate and let us know

Cheers

 

[spottygoose]

Had a quick look through their posts - could well be a ramp. I will see what i can find out. I hadn't heard a whisper of a take over so it would be a surprise to me.

 

[3 veiws of a secret]

Re: 'Possible Takeover' this is a classic attempt for a RAMP!!!!
Spottygoose time will tell but dont let BS baffle brains...... :bs:
It's just not cricket is it?!

 

[toc_bat]

hi everyone,

yes i was silly enought to sell, at 16c after buying at 17,5c so a 10% loss.

hopefully i will learn from this. I based my decisionon the chart, as you can see it hung around the 12-14c mark for a while, i thought it would come back to there.

So how come you guys knew better? I guess it was because you know the stock well and have been following the company fortunes. I was a new comer to it. Im a new comer to the market in general.

Seriously though what would have been a reasonable stop on my initial 17.5c buy?

Bye

 

[noobs]

As long as you follow your trading plan you can't get down about being stopped out as it will save your bacon on numerous occasions!

 

[spottygoose]

Re: 'Possible Takeover' this is a classic attempt for a RAMP!!!!
Spottygoose time will tell but dont let BS baffle brains...... :bs:
It's just not cricket is it?!

Yeah I think you might be right... just thought i would mention what was said. I still can't get used to this ramping thing - can't believe people make up blatent BS! The make jokes about lawyers, real estate agents and politicians - they should add traders to that list!!

 

[toc_bat]

As long as you follow your trading plan you can't get down about being stopped out as it will save your bacon on numerous occasions!

noobs i admit it i didnt have a trading plan, but i had a stop in mind and since my eyes were glued to the screen i didnt have to put in an order to sell, you see my sell order was taken out by buyers responding to the latest announcement,

anyway its all history, but what is a reasonable stop?

 

[noobs]

No one can really tell you what stop you should have used because it comes back too how much you are prepared to risk on that particluar trade.

 

[toc_bat]

all true, but as a general rule, what sort of losses do people accept before they jump off?

 

[noobs]

I am new to the game Toc - personally my trading style does'nt involve stop losses much as I try to make my decisions on what the market is doing at the time eg. demand, volume etc. When you can see that sellers are dominating and the price isn't continueing northwards I get out.

 

[YOUNG_TRADER]

Volume is far to low for any possible T/O rumour,

However does seem to be steady and firming so far,

If it breaks 19c and moves up to 20c then something is up, however wouldn't hold our breath for that just yet

 

[YOUNG_TRADER]

Is this person a reliable poster like say Kennas or are they a **** talker like say (well there are a few on here)

Something was up in the last hour of trading

I was thinking more along the lines of news flow re

- Chinese JV

- Widgie Nickel

- Iron Ore exploration

Suss it out mate and let us know

Cheers

Looks like it was number 3. Iron Ore exploration = Beasley River update,

I can't wait for RC testing of this area, thats what got me onto JMS to begin with, I think Rio will be watchin as well, as they were with AQD

 

[YOUNG_TRADER]

Strong close on good volume today,

Its only 1c off all time highs of 21c,

After that its on to Blue Skies,

It would appear something is up

 

[Sean K]

Strong close on good volume today,

Its only 1c off all time highs of 21c,

After that its on to Blue Skies,

It would appear something is up

Back in YT?

I think $0.185 was actually the trigger on this one. More resistance there. Because the peaks at $0.21/21 are so peaky, there would have only been a couple of buyers at those points there. Now, more just a psychological barrier. Perhaps it's going to do the same thing again?

Looking good otherwise. Finishing on the high is very good.

 

[YOUNG_TRADER]

Back in YT?

I think $0.185 was actually the trigger on this one. More resistance there. Because the peaks at $0.21/21 are so peaky, there would have only been a couple of buyers at those points there. Now, more just a psychological barrier. Perhaps it's going to do the same thing again?

Looking good otherwise. Finishing on the high is very good.

Never left it Sean,

Will be interesting, if its gonna move like this, the JV ann surely will see it test 30c,

Not holding my breath though