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MUL - Multiemedia Limited

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Re: MUL - Where to from here?

stefan said:
Wow! Nice exit point! It was obvious that 5 cents wouldn't be cracked today so selling at 4.9 may well have paid off. Now you'll have the pleasure to find an entry point again
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Yes, I actually had to leave for a few hours today at 11:15am and go down to the Gold Coast, so I was watching MUL eagerly from the open. It stalled at first and dropped to 4.1c but it gradually began picking up steam and knowing MUL the way I do I felt that 4.9c was a good point to bail out because of the solid resistance at 5 cents.

It was a good thing I didn't get back until after 3pm today as I may have been tempted to buy back in at around 4.5c.

I'll be watching MUL very closely tomorrow.

Well done to all who have profited from MUL over the last couple of days!
 
Re: MUL - Where to from here?

"It was a good thing I didn't get back until after 3pm today as I may have been tempted to buy back in at around 4.5c."

Lol! I fell right in. But i'm still happy with my entry price
 
Re: MUL - Where to from here?

Guys,

You got to remember the greatest fool theory!

I believe MUL will pull back in the near future. I have no intention to enter my position with MUL at this stage...time will tell.

Looking forward to see how MUL doing by the end of this week.
 
Re: MUL - Where to from here?

hi all
well done joe a 4.9c sell was a good move. i sold today as well @ 4.6c seeing that there was no further advance at that time.
within the next day or 2 i see a further pullback below 4c all my charting indicators point this way at the moment.
next level of support is 3.7c.
atm i'm completely out, however i'm here to trade when i see the best time for me to enter and exit.
the fa/s are good however the t/as are not right atm for me.
my next entry point will be below 4c and on t/a.
on close of trade today we have 314 buyers wanting 69,907,294 shares against sellers with 118, 494, 159 shares available for sale.
to me not a good sign for forward movement. i'm backing a pullback now and am waiting for the the market to show me a new entry point.

my thoughts only regards croc
 
Re: MUL - Where to from here?

While we are waiting to see what happens to the MUL today, have a read:

http://www.theaustralian.news.com.au/common/story_page/0,5744,11113528%5E16942,00.html

It's good for a few smiles

It will be very interesting to see which strategy will turn out to be the better one. As brerwallabi put it, some of us have to think about tax implications as well. (In fact I guess all of us have to )

Anyway guys, I do support the feeling that MUL may pull back a bit today but that depends if they have some more news or not and it also depends a great deal on traders who have pushed the volume to new records for the second day in a row. You never really know and it's not over until the fat lady sings. So whoever wants to find an re-entry point today will have to spend the day in front of the screen or just take a gamble. (It's probably much the same, really )

Good luck to all MUL traders and congratualtions to all who made a fortune out of it already.

Happy trading

Stefan
 
Re: MUL - Where to from here?

hi all
314 buyers 76mil 529 sellers 132mil
my opinion mul will slowly slip away today. an announcement in the wings can be its only saviour.
regards croc
 
Re: MUL - Where to from here?

I have a partially filled order sitting at 3.6 cents. What's so hard about selling me a few MUL shares? Come on, somebody!!!
 
Re: MUL - Where to from here?

it will happen stefan however i don't think 3.6c is the low point. only 120000 to go you'll be right.
regards croc
 
Re: MUL - Where to from here?

it will happen stefan however i don't think 3.6c is the low point. only 120000 to go you'll be right.
Click to expand...
Croc, I think 3.6 is bottom. At the moment it is building suppot at 3.7 so those 120k may be left over for breakfast... I have a feeling it will run into the close. Those orders are building and I've seen it before.

Happy trading

Stefan
 
Re: MUL - Where to from here?

Hmm, interesting move today. The price movements fell straight into our predictions...a retracement...How long do you guys think this will last for? What are we expecting to see tomorrow?
 
Re: MUL - Where to from here?

The greatest fool bought MUL at $0.05 yesterday. I don't think MUL will ever reach there again in the near future.

I don't think this is the time to buy MUL, maybe sit back to see the market is doing at the moment.
 
Re: MUL - Where to from here?

hi all
well a significant close down today and not looking good for tomorrow imho.
i traded 3.7c to 3.8c today and consider myself lucky to be out.
at close today we have 261 buyers wanting 76,303,590 as against 527 sellers offering 143,459,055. not a good scenario for forward movement tomorrow.
stefan i have no doubt your remaining 120k will get filled early tomorrow, mul is heading down and only a positve announcement will pull it back.
with no announcement it is hard to call where the pullback will be. there is a big gap in the chart from 2.6c to 3c which does concern me greatly. i believe it will get filled, only a positve announcement will delay that from happening

the support level of 3.7c was broken today with the sp hitting 3.6c. opening @ 4.1c and closing @ 3.7c is not a good sign for forward movement tomorrow, quite the reverse imo.
my money is in the bank now and will remain there for more positive signs.

i am a little concerned about capital raising atm don't know whether it is on management agenda or not. am definetly interested in informed comments in this regard. atm to me it is of concern.

for me it is now time to sit back and watch for re-entry signs.

i am very interested in comments from anyone who has something constructive to say, there is money to be made from MUL to date the management have done it well for themselves and their mates.
a man never goes broke making a profit as they say.

well folks that's the way i read it atm over to you for your thoughts and comments.

regards croc
 
Re: MUL - Where to from here?

The greatest fool bought MUL at $0.05 yesterday. I don't think MUL will ever reach there again in the near future.
Click to expand...
He may have been a fool for a short period of time and he could have done much better indeed. I do not share your view that MUL won't ever reach there again in the near future. I'm even tempted to say that it will finish the month well above that level.

I don't think this is the time to buy MUL
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Only time will tell but you're missing something in your judgement. There has been a change happening. MUL is now guided by an earning forecast. ANY new deal will be regarded as a step forward to reach that forecast and the market will react very differently to news in the future. There will be a major pump followed by a minor dump that will keep MUL higher than before. This is also the reason why I no longer believe that GAPS will be filled on MUL. The stock is driven by positive sentiments rather than speculation and the market will treat it differently. I base my judgement on what I've seen with other stocks before that turned from loss towards profitability.

The time to buy MUL was at 2.2 cents, but that is history and if you sold for a profit well above 4 cents and are now looking for an entry point, then NOW is the time to buy back in. Sure, you may get it at 3.4 instead of 3.6 cents but that is a drop in the ocean considering my final target.

My view is always based on investing longer term.

Happy trading

Stefan
 
Re: MUL - Where to from here?

I have a rather large order sitting at 3.7 cents waiting to be filled.

Hopefully I should have them this morning.

Sorry Stefan you'll have to wait a bit longer to get yours at 3.6 cents.
 
Re: MUL - Where to from here?

Croc, my order was only good for a day. So I'll have to look into it again...
Anyway, I don't agree with your statement. Check my previous post regarding GAPS. Overall, MUL will trade upwards from this level on and is set to reach higher levels within weeks. I'm sure you'll win this months competition with a % that won't be topped for quite a while. We only have 2 weeks to go but I am very bullish on MUL. The wind has changed. I had a look at yesterday's buy orders and their size. This is about to turn into serious buying supported by investors who will keep holding. (Just as I do ) MUL will always have pullbacks but they will get smaller and smaller. I think you guys are wrong this time by speculating that it will fall much lower. Just my idea, really. After all, I have to make a point here I can't hold MUL and then pretend as if it would go back to 2 cents

We shall see. The good thing about the stockmarket is that you can always see who's right at the end of the day.

This board is a great place to discuss different views about stocks so I do appreciate all coments and I'm well aware that I may wreck my reputation on this one

Happy trading

Stefan
 
Re: MUL - Where to from here?

Sorry Stefan you'll have to wait a bit longer to get yours at 3.6 cents.
Click to expand...
Oh well, just my luck... I have to re-enter my order anyway as it was only good for the day. So I may just buy at market to beat you

(That was just a joke. I NEVER buy at market.)

Happy trading

Stefan
 
Re: MUL - Where to from here?

back to 4c today before creeping down? no position for me, ummed and ahhed to much at 2c ish, very interested to see what it does
gl everyone i'm glad its finally starting to come good for you
 
Re: MUL - Where to from here?

stefan said:
Oh well, just my luck... I have to re-enter my order anyway as it was only good for the day. So I may just buy at market to beat you

(That was just a joke. I NEVER buy at market.)

Happy trading

Stefan
Click to expand...
My order was filled at 3.7 cents. Not a moment too soon either... MUL is making another run towards 4 cents.

Here's hoping it breaks through!

If MUL plan on one more capital raising they are going to want the share price a litle higher than it is now... lets hope there's a few major announcements in the wings that wil drive it higher!
 
Re: MUL - Where to from here?

A company spokesman said it was the first time in the company's 20-year history that it had put out a profit forecast.
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I wonder why MUL want to put out that forecast? there must be something behind the scene.
My thought is they are playing a strategy here. According to the past experience, they know the market won't respond to any contract news without a figure. Back to before the GM was held, there were some "good" news annouced, but the share price was going down and down. We all know MUL was in Gitex, and there's good chance that MUL would have a few contracts there. In order to have a best impact on market, they are going to play this trick. First, they said, "hey, guys, don't be panic, I can now feed myself. and later i can even earn a lot lot money! Don't believe? Now let me show you." From now on any new contracts will lift the sp up.
Now let's wait for the anns from newsat.
Don't you think it's a good idea?
 
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