JMS - Jupiter Mines

[dj_420]

ok so JMS has been trading within this channel since the breakout with brockman ann. the sp has found support at the 33.5 level in the past and has been tested on a number of occasions.

a break of the 33 cent support and the next level down is 29.5 where the sp found strong support on retracement of the original breakout.

although a down day it was on lower volume so not a huge time to panick in my opinion. however i want to see that critical level of 33 cents mark hold and see a white candle tomorrow.

 

[barney]

although a down day it was on lower volume so not a huge time to panick in my opinion. however i want to see that critical level of 33 cents mark hold and see a white candle tomorrow.[/QUOTE]

I agree re looking for a white candle ......... I am still curious/unsure about the volume in relation to the time frame though......

The slide in the sp only started at just before 3 o clock when a cross trade of one million shares went through at 36.5 cents, followed by almost another million shares (total) between 3 and 4 o clock That was nearly the whole days trading in one hour before close .......... thoughts anyone??

 

[hypnotic]

ok so JMS has been trading within this channel since the breakout with brockman ann. the sp has found support at the 33.5 level in the past and has been tested on a number of occasions.

a break of the 33 cent support and the next level down is 29.5 where the sp found strong support on retracement of the original breakout.

although a down day it was on lower volume so not a huge time to panick in my opinion. however i want to see that critical level of 33 cents mark hold and see a white candle tomorrow.

Great posting DJ, i love your charts very clear to read !

Definitely agree with the technical analysis there. I bought back in after selling at the high and now holding and waiting for the illusive JV.

My gut feeling is that people are getting out of this one just taking some profit for other opportunities after the big leap. Judging by the low volume it looks like people are not interested on this one for the short term until some news come out.

Also there are lots of strong share holders every time it dips to around 33.5 cent mark support brings this share back up. Looks like it is consolidating really well around these level. The share price is now sitting at the averages indicates to me it wont be long till people come back in finding fair value in the stock.

However, if the sp breaks through the 30 cent mark then momentum traders on this share will start selling out, bringing the share price down.

Like DJ have said I don;t believe fundamentals have changed, in fact it looks even better now.

With that said we do need some postive news here. I will hold this one long though really like the projects in the company, dunno about the directors though.

(please do your own research these are my views on this only) :

Cheers,

Hypnotic

 

[dj_420]

this one tends to move very quickly at times. stock showed strong buying support at these levels this morning.

with news imminent on a number of projects i dont see this one been dumped too hard. sp has actually picked up this morning of yesterdays low.

technically seems to have found strong support at 33 cents mark.


we have news due on

- gold upgrade
- iron ore
- nickel to start drilling

once the tenements at brockman go live we could see interest pick up from RIO (adjoining tenement).

and also remember we have a lot of exciting times ahead with brockman, 2.5 km strike zone 3-400 metres wide, if we see some depth this will be a substantial resource.

 

[Profitseeker]

if brockmann is that promising i think rio will try and get set before the results of the drilling.

 

[spottygoose]

Chinese look at iron ore projects
Source: SMH
February 14, 2007

BAOSTEEL Group, China's largest steelmaker, and rival Wuhan Iron & Steel are seeking to invest in iron ore projects in Australia to secure supplies to meet rising demand.

"We are looking closely at potential iron ore projects," Zhang Yong, Baosteel's Australian investment manager, said in an interview before a mining conference that began in Perth this week. Wuhan is in talks to take a stake in a $2.6 billion iron ore project, said its manager for iron ore purchases, Dai Jianqiu.

Demand for steel in China, the world's largest producer of the alloy, is forecast to grow 8.4 per cent a year until 2010 as the nation builds more skyscrapers, cars and home appliances. Australia last quarter had about $5.95 billion of iron ore projects approved or under construction.

"Chinese steel producers are investing in Australian iron ore mines in order to secure supplies for their rapidly growing steel industry," said Rohan Kendall, an analyst at the Australian Bureau of Agriculture and Resource Economics.

Chinese companies are studying more than 15 minerals and energy projects in Australia worth $10 billion, Henry Wang, a senior investment commissioner at the Australian consulate-general in Shanghai, said last week.

The Australian Government wants Chinese companies to build ports and processing plants in Australia, not just invest in mines, Mr Wang said.

Five straight years of price increases have driven Chinese companies to seek to bankroll alternative suppliers in Australia, which shipped $7.3 billion of the ore to China last year.

 

[Profitseeker]

Ha. Should be good next week.

 

[Pat]

JMS has broken support @ 0.33 cents. Where will she go from here?

I'd say its still in it's sideway trend however if it breaks 30 cents it could be a precursor before a downtrend occurs...

MACD is looking a little sick along with Stochastics. Needs buyers obviously!
This is divergence right?

The stock is trading along the bottom bollinger band, slowly stretching it out and widening and is now trading below its MA's.

Any thoughts on this and why its in such a slump now?

 

[Profitseeker]

I think it slumping as people are getting bored/worried about the lack of announcement.

 

[barney]

The management were very up beat in their radio announcement a few weeks back, mentioning some "exciting" times coming up over the next two months (that would be about a month now), so assuming the management were being fair dinkum, and there is no reason to believe otherwise at this stage, those punters selling at the current sp may regret their "boredom" in a few weeks or so, imo. Tempting to top up considering the closeness of the anns. Director aquiring half a million unlisted options certainly doesn't appear to be bad news either . Good luck to holders.

 

[HRL]

I think it slumping as people are getting bored/worried about the lack of annoucement.

I hear you and I think this one will reward the patient holders out there... I should know as I held a big chunk for a longtime last year and got tired of the complete lack of communication so eventually sold up and moved on... then three weeks later out of nowhere they made their announcement and exploded from 14.5c to 40c !! Basically a good company and are heading in the right direction IMO. Though a crash course in investor relations wouldn't hurt.

 

[barney]

Couple of nice buy orders went through today.... 100,000 @ 31 .... 60,000 @ 30.5 .... and 50,000 and 30,000 @ 31

Not huge money, but enough to warrant attention for a small spec stock in a downtrend ............. It was enough to convince me to top up

 

[stiger]

Couple of nice buy orders went through today.... 100,000 @ 31 .... 60,000 @ 30.5 .... and 50,000 and 30,000 @ 31

Not huge money, but enough to warrant attention for a small spec stock in a downtrend ............. It was enough to convince me to top up

So Barney do you see a bottom is close or do we have a way to go yet? Cheers

 

[barney]

So Barney do you see a bottom is close or do we have a way to go yet? Cheers

Howdy S, The chart is not pretty (it looks like it may test the 29-30 cent support line), but there are some initial signs that the slide is weakening imo. There is divergance on the chaikin osc. Even the momentum from 15th-20th showing early signs of divergance. RSI is still weak, but that is to be expected .......
All the punters from 4th december are still in profit, so if it consolidates at the current sp, that would be a good sign. As the lads said above, "boredom", or probably impatience is the main reason for the decline ............. We all like to see action on our stocks ........... I think patience will be rewarded with this one, but there is no guarantee of what the sp will do .............. The last of the impatient sellers may drive the sp a bit lower, but the fact that the larger orders yesterday were buy orders gives some longer term confidence ........... All the best.

 

[Halba]

this is looking bad. why can't the company release some positive info?

 

[coladuna]

tell me about it. was sitting on 145% profit and now it has dwindled down to 70% in a matter of a month or two. Not happy at all

 

[Halba]

well its okay its only february. most of the news on mining is not there dec-jan. so its only 1 month in the yr.

 

[hypnotic]

It has broken through the 30 cents mark,

Looks like no turning back for a while unless there is some new released soon.

The buying volume on this one has been very low. Looks like most people have moved on from this share after the price hikes. The MACD is on a downward trend since Dec and had crossed the 0 line a few days ago.
The share price is now down at the EMAs, maybe a sign that it is over sold or this stock is being overlooked.

I still believe in the fundamentals on this one, but looks like the company has taken a long holiday since its series of annoucements before Christmas.

Hope they'll pull their socks up soon.

Hypnotic

 

[Halba]

the last good news was the audio broadcast. that gave a strong impression as does brockman and anything to do with iron ore in general

will continue to hold even if i suffer large financial loss!

even in bull mkt not easy is it!!

 

[speves]

In the absence of much discussion on this stock lately i will post these comments taken from another forum. I stress that these are not my words and the forum does not have the antiramping policing that ASF does but nevertheless I think there may be some merit in them...

Aplogies to original authors...but as holders I'm sure they won't mind me spreading the word.

Just rang the company again and news sounds better and better. Board meeting friday (rather not reveal his name as MORE than helpful) from which some big positive announcements are going to be revealed. More than one I have been told (multiple). In addition it was stated that this wouldn't be all the positive news as alot more was due shortly (any day now in addition to the board meeting announcements). In fact its hinted we could see a string of reports and news all very good over the next couple of weeks.

This is all subject to the company having been honest but I definately believe them more than ever!!!

and

I have not posted for a lot of years so take it or leave it.
I spoke with one of the directors this morning. He pretty much confirmed what B has been saying but he was fairly careful about what he said. He is very bullish re Jupiter and is a bit surprised at how far the SP has sunk. He confirmed that the discussions with the Chinese were continuing and they are looking at other possibilities re JV. Nothing has changed from the news release. Announcements will be forthcoming re drilling and I asked when. He suggested within a week. I asked him if Talbot was selling and he replied not to his knowledge and reminded me that his man Denis Wood is a director.



Make give a few dejected holders some hope....hopefully not false hope....