tech/a said:Interesting.
Its set itself for a double top of .094.
You'll note from the chart the volume has been less on this move than in other impulse moves. (breakouts).
Best of luck Snakey you should change your handle to "Maverick"----- I have a trust called Maverick!
well ill be
did not expect that
back in at close with just 500k
Today 03:17 PM
tech/a said:Thought you had another 500,000?
Anyway If it does blast out at open the trend will be far stronger than anticipated and this will be a continuation of the current trend.
With a possible top of around .098c or 12c.Based on Measured move analysis (ie 100% of the last moves length or 1.618% (fib Numbers)).
However I'm still not convinced that this wont form a double top.
Thats why I'm not in.Even if it did blast on I probably wont trade it as it needs some consolidation to sustain a move.(My opinion).
Some great profit there snakey,but gutsy trading by my standards.
But they are mine not yours.
Wilson! said:I went in 8.7 out 8.9
then she dropped back to 8.5
Then in at 9.1, half an before going to a meeting - how stupid is that?
Didn't sell when she paused at 9.2c
Went back to 8.9, sold there as I had to leave, then saw it closed at 9.4c
Would have been around $800 profit for the day - small but would've been happy with that
Snakey said:488k actually....closing order not filled
850k order at .094
bidded .094 at close to prevent paying too much (would not bid 10) if it closed at 10 i'd be in trouble
also swapped 500k mls to 500k rmi today which was a mistake.. i think
we had some good consolidation at around 6c Tech
which indicates to me 12 will be the temp high
any further jorc findings would shoot it up further
Dutchy3 said:I've had a look at this chart ... if I was long I'd just be hanging on for dear life ... looks like a ripper!
Wilson! said:I went in 8.7 out 8.9
then she dropped back to 8.5
Then in at 9.1, half an before going to a meeting - how stupid is that?
Didn't sell when she paused at 9.2c
Went back to 8.9, sold there as I had to leave, then saw it closed at 9.4c
Wuould have been around $800 profit for the day - small but would've been happy with that
Nizar, i agree 100% you have got to give the stock a chance to run esp. if its trending upwards anyway! Dont be to quick to lock in your profits and look at the facts of the day !nizar said:This sounds like overtrading. I used to do the same thing not too long ago.
Youve got to have some sort of plan.
Why did you buy at 9.1c?
What signals were there?
(no criticism - none at all, im an amateur - just trying to get you thinking)
I was waiting for a break of 9.4 (the previous high) to re-enter. Never happened.
The volume today i notice people making a big deal about the rush towards the end, including a mate that gave me a call sounding very excited. It was no big deal. I told him that. We have seen this stock do 300m in one day. If the buyers were that desperate they would have chased the stock. I didnt see this. It was the Brokers who closed it up 2 ticks.
But if this has enough volume momentum to get past 10-11c. It could run very quickly.
There is nothing wrong with trading between ticks, i know i did it about 4 times today on the one stock. Great idea if you havent got the money to sit on them!Wilson! said:Guys, yes I have a plan, today I bought at 9.1 as I saw it break above 9c and saw that as a major resistance.
I expected it to go up without any trouble, not with a gap
I had a 3.30 presentation to give, in the city, and had to close my position before I left
I am often trading on t+1 so can't hold overnight, or till close...
Had no choice.
But, that second trade was my first loss in 11 trades
Not bragging, just saying I'd love to stick around, longer trades, but can't just yet, but hey, this seems to be working ok for now
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?