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JMS - Jupiter Mines

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thanks YT and DJ

in your collective experiences, when you see this sort of activity which makes you say something is up, is generally something up?

i mean it would be quite a gamble to think that this sort of buying is confirmation of an insiders knowledge of say a positive development on the expected JV.

would any of you take such a gamble and buy in? if the JV falls through it could easily drop to the 20s i think ...

anyway out of cash so just foolin round, paper trading,
 
i have re read many of JMS anns just now, couple of Qs,

ok what does CID stand for? did a few google searches but kept coming up with criminal investigations department

second, there is a difference between Beasley river and Brockman right? They do however mention both of these in a couple of anns, leads me thinking that maybe Brockman is the formation name at Beasley, which is the location.

anyone...?

thx in advance

edit: ok beasley and brockman are seperate,
 
CID = Channel Iron Deposit

Brockman and Beasley seperate areas, both very prospective for Iron Ore
 
interest starting to pick up again. possibly as drilling campaigns begin on each project. JMS will also try an expand on their 300 000 ounce gold resource also.

anyway from charts JMS was in short term descending triangle and has found support at 33.5 cents mark. possible breakout today from descending triangle pattern.
 

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An ann maybe about to come out going off buying and volume of last 2 days

Anyone else seeing this?
 
lol DJ great minds think alike and in our case at the same time, lol both of us posted at 1.52pm
 
lol, nice work yt.

yes i think maybe ann is due, and by looks of things could be good!

now we play the waiting game.
 
DJ this maybe a breakout going from your descending triangle graph

It'll be outstanding if it breaks 42c

Its unbelievable timing for me as I took my $15k profit from BCN and bought 100k JMSO at 15c today, I suppose the lesson here is a bird in the hand is worth twice in the bush, or rather a profit taken and reinvested somewhere else can generate even more profit, rather than just holding on to the original play
 


Blue sky? not quite i fink, i see a lot of resistance...but does have potential...i want to see the volume to pick up!
 
From a technical point of view, once a stock clears previous highs and moves to all time highs I call it blus sky as technically there's no more pre-established resistance levels,

Majority of the time when a stock clears to these blue sky levels it can run quite hard.

Thats what I meant with Blue skies after 42-43c as 42.5c was previous all time high,

Would need to get to say 45c to confirm on volume
 
Large no of trades in at 42c totalling 1.8m so far.

Strong support if jms trades above 42c with potential run up to 55c if sustained trading above 43c.

However high probabality of failure around the 42c mark. IMO

SevenFX
 
Tek can you explain a wee bit further the fialure probability at 42c, I'm always eager to learn as my Tech analysis is no where near as strong as my fund analysis


I would have thought that by the sheer amount of volume plenty of traders are in, so if all time highes of 43c+ are so close I would have thought they'd take it out tonight to close at say 43c so that tomoz will open very strong

Just my thoughts, we'll know in about an hour though
 
yeah if it gets above 43 cents for close i think that will set the tone for great day tomorrow. maybe everyone realised that JMS also has gold deposit.

anyway i think if it clears 43 then i may buy more as there will be no overhead resistance as YT has pointed out.
 
YOUNG_TRADER said:
Tek can you explain a wee bit further the fialure probability at 42c,
Click to expand...

Roughly 80% of trades fail at the 50% mark, hence where it's spent the last 1 1/2 hrs struggling.

Should trading be sustained above 43c safe profit would be around 48c with full retracement at 55c.
 
SevenFX said:
Roughly 80% of trades fail at the 50% mark, hence where it's spent the last 1 1/2 hrs struggling.

Should trading be sustained above 43c safe profit would be around 48c with full retracement at 55c.
Click to expand...

Tek,

So if close above 43c (which is what I'm hoping for) you reckon it'll get to 48c very easily? "safe profit" ??

Not sure I get the "full retracement to 55c" though, isn't a retracement when somethings goes backwards or in the case of stocks down????

Also whats the 50% mark? ? ?

Sorry mate I ain't the best tech going around so if you could explain it would be great
 
Tek had a look at chart,

Are u saying breakout was 36c and target was 48c (safe profit) so may fail at 42c since this is the 50% mark? ? ?

How did you get 55c target, the full length of the flag pole added on to where? breakout point? so 36c + 19c ? ? ? ?
 

YT,
Breakout occured at .15c,
Retracement reversed at 29.5c
Flagpoll =25c

25c from retracement (29.5c) = 54.5c
50% from retracement (29.5c) =12.5c
75% from retracement = .48c
29.5c+12.5c=42c

Hope this is more clear or can explain another way...

SevenFX
 
SevenFX said:
YT,
Breakout occured at .15c,
Retracement reversed at 29.5c
Flagpoll =25c

25c from retracement (29.5c) = 54.5c
50% from retracement (29.5c) =12.5c
29.5c+12.5c=42c

Hope this is more clear or can explain another way...

SevenFX
Click to expand...


Cheers,

Didn't have the close I imagined it would, at the least should get a speeding ticket,

I wonder if todays action was tech based I charts/breakout etc, or fundamental in the form of an ann coming out?

Looking forward to tomorrow
 
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