Australian (ASX) Stock Market Forum

LNR - Lanthanein Resources

thanks heaps,

always interesting to get the opinion of the "others" (chartists) lol

i might spend this uni holidays educating myself further with charts
 
I'm all out today at 24.5 cents and time will tell if it was the right decision. The reason I sold is I think it may of hit some MEGA resistance at 25 cents more or less. As soon as it was pushed to these levels the sell orders pilled on, for a moment there where millions for sale, stacked up from 24 cents i think.
Just profit takers... like me? Possibly...
Profit takers or not, it still formed resistance on depth, we're in uncharted territory now and runs like this usually come back to fill the gap.
Thanks YT, you got a gift buddy, I bet your wallet loves it.
Also thanks to Mick for his input, you helped me with a very succesful day trade :D
 
I'm all out today at 24.5 cents and time will tell if it was the right decision. :D

I also put in a sell order at 23.5c after buying at 13c last week, but then decided to withdraw it. It probably will weaken a bit, but this should be an opportunity to acquire more. I see it as a long term hold based on the prospects this company has. regards. regards. YN.;)
 
I also put in a sell order at 23.5c after buying at 13c last week, but then decided to withdraw it. It probably will weaken a bit, but this should be an opportunity to acquire more. I see it as a long term hold based on the prospects this company has. regards. regards. YN.;)
There could some profit long term, but i'm counting on a retrace, i'll pick up a small package at lower levels and wait for $1... LOL!
 
I also put in a sell order at 23.5c after buying at 13c last week, but then decided to withdraw it. It probably will weaken a bit, but this should be an opportunity to acquire more. I see it as a long term hold based on the prospects this company has. regards. regards. YN.;)

i agree, was thinking about selling half at 26c then letting the rest run for free, but it never got there and im not really that disappointed. next ann in a months time should see it push 30c hopefully.

i continue to be worried about the volume though. About 80% of the company has changed hands in the past 2 days. i only hope we get a couple of substantial holding updates and new entrants, otherwise a hell of a lot is in the hands of traders with no long term vision.
 
I'm all out today at 24.5 cents and time will tell if it was the right decision. The reason I sold is I think it may of hit some MEGA resistance at 25 cents more or less. As soon as it was pushed to these levels the sell orders pilled on, for a moment there where millions for sale, stacked up from 24 cents i think.
Just profit takers... like me? Possibly...
Profit takers or not, it still formed resistance on depth, we're in uncharted territory now and runs like this usually come back to fill the gap.
Thanks YT, you got a gift buddy, I bet your wallet loves it.
Also thanks to Mick for his input, you helped me with a very succesful day trade :D

I don't think it hit "MEGA" resistance at 25c; the stock had 20m+ turnover in the first hour, up 20%+ from last close. A stock can only move so high (or else would you expect the sp to increase, indefinitely). From a base of 13-13.5c to has moved to 22c EOD, which is ~70% increase. Surely this is not resistance.

Please see the attached chart for hourly breakdown of vols/price for last 2 days. Most sales today were in the first hour at ~24c.

And remember, it has been 2 days of strong sp appreciation.
 

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I don't think it hit "MEGA" resistance at 25c; the stock had 20m+ turnover in the first hour, up 20%+ from last close. A stock can only move so high (or else would you expect the sp to increase, indefinitely).
Thats what I mean, "a stock can only move so high", and I think 25 cents (give or take a cent) was "the" high. I don't expect it to go higher than this, soon anyway. Do you?
 
The volume that went through at the 13 cent mark may be significant as people tried to sell half of what they had at 26 cents or there abouts. to let there profits run for free.

FNT is no different to any other explorer, I think FNT has had a history making week. I am holding onto a few options like my lotto ticket. November still a long way away now that the share price is above 20 cents.

Managing risk in this game i find important. so i will take the 90% profit on the shares. I can end up with the same amount of shares come november time, if the options are exerciseable. And if there not exerciseable then fair to say my risk management strategy has worked, because the shares would be below what I sold them for.

There are very few people who will ever get that perfect trade in a life time.

I dont see myself as a freak who can buy at complete bottom, and sell at complete top.

All just trying to make a buck. Some will lose on FNT however, and thats the game.
 
There are very few people who will ever get that perfect trade in a life time.

I dont see myself as a freak who can buy at complete bottom, and sell at complete top.

All just trying to make a buck. Some will lose on FNT however, and thats the game.

I've had that perfect trade before. :) Ah... should've bought a lotto ticket on that day.

From what I can see here, assuming people are still in the same mindset tomorrow, I think fnt will retrace a little bit more tomorrow morning (mainly judging from the market depth at close), but, of course, tomorrow is a new day, and anything can happen between now and 10am.
 
Thats what I mean, "a stock can only move so high", and I think 25 cents (give or take a cent) was "the" high. I don't expect it to go higher than this, soon anyway. Do you?

To answer yr question Pat... ... I don't know. ;) (I wish I did).

But there was a lot of buying at 24 and 24.5c in the first hour. FNT will be volatile in the coming days, but my intution is that with this base (so many shares bought at this price), coupled with significant interest generated in sharemarket land, it should hold up well. If yr time-frame is 2-3 days, get out; but if it is a week or even 10 days, then we'll see. (Let's not even get to the future). For me, the opportunity cost of holding for 2+ weeks is worth the risk. I did not expect FNT to run this hard the last 2 days.

Stay tuned... ...
 
And whom exactly do you think has been buying half the company's issued capital in the last two days - day traders?

It defies logic (technical, fundamental or otherwise) to suggest that a stock has exhausted itself after rising this amount on such large volumes...

It is a case of the shares going from 'weak' hands to 'strong' hands. :banghead:

By all means take some 'smart' profits but if you consider FNT has some quality assets, as I do, be short this stock at your own peril.

If Elo produces some good early results (or even the remaining batch of Kodu holes) the sky is the limit. The MD of FNT has already gone on record as saying that Elo has the potential to DWARF Kodu (and the soil anoms seem like very good indicators in this environment of what lies below).

Ok, Kodu is 200mt minimum, Elo could potentially be multiples of that number.

Then there's the Bukuam (sp?) trench results due any time. Results drive these small cap stocks not the hocus pocus of charts!

Finally, don't forget P. McNiel took up another 580k odd shares in the recent placement - says it all really. :p:
 
And whom exactly do you think has been buying half the company's issued capital in the last two days - day traders?

It defies logic (technical, fundamental or otherwise) to suggest that a stock has exhausted itself after rising this amount on such large volumes...

It is a case of the shares going from 'weak' hands to 'strong' hands. :banghead:

By all means take some 'smart' profits but if you consider FNT has some quality assets, as I do, be short this stock at your own peril.

If Elo produces some good early results (or even the remaining batch of Kodu holes) the sky is the limit. The MD of FNT has already gone on record as saying that Elo has the potential to DWARF Kodu (and the soil anoms seem like very good indicators in this environment of what lies below).

Ok, Kodu is 200mt minimum, Elo could potentially be multiples of that number.

Then there's the Bukuam (sp?) trench results due any time. Results drive these small cap stocks not the hocus pocus of charts!

Finally, don't forget P. McNiel took up another 580k odd shares in the recent placement - says it all really. :p:
You are making the assumption that the people that bought in around 24 cents are the 'smart' money. Well, that could be, but it is equally possible that the smart money had accumulated the day(s) before and unloaded at that price. So you now have a lot of people that bought in on the (temporary?) high hoping for a profit. In that scenario you have the smart money patiently sitting on the sidelines refusing to buy at these prices. The short term effect is likely to be down (probably with a short spike up first). Long term it may not matter, but not everyone will keep the faith if the shareprice drops to about 18 cents. :2twocents
 
Just forget about what everyone's saying and keep it for the same reason you should have bought into it originally - the fundamentals.

Or did you only buy it because everyone else said to ?
 
i wanna say is when you stuck with a ranging stock at lower 10+ cents for the entire past year, of course you want lock in a profit when it finally starts to run,
this fnt is in the re-rating process, the fundamental has changed, i hold for the next spike.
 
You are making the assumption that the people that bought in around 24 cents are the 'smart' money. Well, that could be, but it is equally possible that the smart money had accumulated the day(s) before and unloaded at that price. So you now have a lot of people that bought in on the (temporary?) high hoping for a profit. In that scenario you have the smart money patiently sitting on the sidelines refusing to buy at these prices. The short term effect is likely to be down (probably with a short spike up first). Long term it may not matter, but not everyone will keep the faith if the shareprice drops to about 18 cents. :2twocents

You really think that 'smart' money is only looking for a 2 day 50% odd turn in a company that could POTENTIALLY one day have a market cap in the hundreds of millions [ie of one or more of their projects are developed OR bought out by a major)?

Me thinks we have differing views of smart.....

Each to their own but the last poster is corrrect. If you bought only for a short term trade - congrats you've done well. If you're here for the fundamentals - congrats too - there's a long way to go imo.....
 
Ok, Back in at 20 cents, and now i'll wait for a few days to see what eventuates :) Only have half of what I had before.....
 
Ok, Back in at 20 cents, and now i'll wait for a few days to see what eventuates :) Only have half of what I had before.....

This one was well picked by YT. He new the estimate was drawing near..but be careful guys. All you have to do is look at MGO and their price action after the announcement to know a fallback could be very possible.
 
i have sold out some and am now freeholding the rest, as a few other ASFers have done.
hopefully it closes around 20c today and forms a nice floor there in anticipation of the next announcements in a month or so :)
 
Thats what I mean, "a stock can only move so high", and I think 25 cents (give or take a cent) was "the" high. I don't expect it to go higher than this, soon anyway. Do you?

The answer is yes. A large percentage of the FNT stock is now held by investors who have bought at prices above 22c. Those selling today are still making a profit as they probably bought at 13c, are saying to themselves that it is a pity they missed out on 25c but are still prepared to sell. The announcements we have seen should make the SP about 26 to 30c in my estimation and I believe the SP will achieve that in a matter of days.
 
The answer is yes. A large percentage of the FNT stock is now held by investors who have bought at prices above 22c. Those selling today are still making a profit as they probably bought at 13c, are saying to themselves that it is a pity they missed out on 25c but are still prepared to sell. The announcements we have seen should make the SP about 26 to 30c in my estimation and I believe the SP will achieve that in a matter of days.

the market needs to believe there is a realistic prospect of this deposit getting developed, the in situ values are massive which is why the stock spikes periodically - take last year - and then the euphoria subsides. I do hold but should have learned from the past action to take the opportunity to get out, because I see this coming back to earth again. If there is a strong likelihood this will be developed I can see massive gains (which is why I hold, I like the risk/reward) but obviously at the moment the market is sceptical. And also of the directors, it behaves like a pump and dump.
 
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