MUL - Multiemedia Limited

[crocdee]

Re: MUL - Where to from here?

hi stefan
as you say it's hard to predict the futurein this game.
did have a few beers last night but the post i was refering to was that of the 19th.
a small announcement about presntation to market analysts did give the sp a little kick however from there it has all been down hill. today looks no different atm.
i think my post was fairly accurate to what is happening.
however i'm back in @ 4c unfortunately but i do believe the sp will go higher, i will just have to wait it out and hope for an early positive announcement.
with 204 buyers wanting 51,828,421 against sellers at 136,260,850 it looks a bit sick atm.

regards croc

 

[tech/a]

Re: MUL - Where to from here?

Stefan

Youll get no arguement from me re Predictability and the use of technical analysis.Anyone who believes that they can predict the future with T/A is sadly mistaken.

The best it can do is INDICATE.
It can also be used to place the odds in your favour.
It can give you a start and a finish.
It can and should be used to determine wether your method is profitable.

A Fundamental trader can do the same but his manual backtesting is likely to be small in sample.

It can give us a snap shot of whats happening NOW
Whats reciently happened and whats likely to happen in the near future and what has historically happened.

Lets look technically at what the charts saying and as time unfolds see how accurate it was/is.

Long term.
This stock has been a bottom dweller for at least 3 yrs,with very little happening to price.Not seen as a stock to accumulate by punters.

Medium term
There appears to have been 2 announcements that have amounted to very little,causing speculation and short term volitility.Historically short term gains are nearly all given back.Experienced speculators could have done well( See very short term)

Short term.
The latest surge(for whatever reason) hasnt been sustained by punters.Price is coming off without volume.There are 2 ways of analysing this.(See very short term).Price has 2 areas of consolidation or recognised VALUE by most trading it.To the bottom side real value is seen buy buyers at .025c those that have bought are prepared to hold (at this point in time) at around .038c


Very short term.
Buyers arnt rushing to take up those being offered for sale even at .035 yet a week ago they were falling over one another to buy it at that price.Those that bought at around 4c and didnt sell out on the reversal shark bar have held.(not wise in my veiw).Experienced speculators would have seen the Shark pattern.
IE
First day gap up sharply huge volume closing near its high.Next day gap to higher open as punters buy as much as they can get their hands on.The good speculators start to sell into strength and as price drops past the open anyone left should have seen that the shark has got you if you bought at open.Next day panick selling as the punters get out.Next 2 days sees buyers un successfully to push price over 4.3C ,sellers come in as buyers push price.

Think this will continue and stop increase in price in this stock beyond recient high.Infact if there isnt an anouncement then I cant see this stock trading over 4.5c as buyers will be met by bulk sellers caught a week ago.

Now thats what we do know technically.
Fundamental changes drive price so lets see.

tech

 

[stefan]

Re: MUL - Where to from here?

with 204 buyers wanting 51,828,421 against sellers at 136,260,850 it looks a bit sick atm.

Croc,
I just put another order in and whenever I do that, it seems to start building on the buyer side so that my order gets lost several ticks behind. Maybe I should just keep putting orders in each day and MUL would reach 20 cents by next week..

Happy trading

Stefan

 

[crocdee]

Re: MUL - Where to from here?

stefan
well what can i say maybe there is something brewing for a forthcoming announcement. you give seem to give mul the kiss of life my last buy gave it the kiss of death[ i do say that rather losely as i'm 4ks down atm]
depth has built a little since my last post 222 buyers 55,679,178 549 sellers 130,727,200.

by the way i've been meaning to ask have you been following MML.

regards croc

 

[stefan]

Re: MUL - Where to from here?

Long term.
This stock has been a bottom dweller for at least 3 yrs,with very little happening to price.Not seen as a stock to accumulate by punters.

Tech, I don't play MUL for anything but longterm, so I won't comment on short term stuff as this is for speculators and I'm not one of them.

Long term the stock has been going from 0.006 to 0.125 back to 0.023 over the last 15 months. I wouldn't call that "very little happening to price". After all it is up 70% from my average entry price. It has so far returned a nice profit for 15 months and I'm holding it for 2 years as mentioned before.

I do agree that MUL can only grow on news until they show that their figures add up. There is massive resitance at all sorts of levels but for a longterm investor this is of no concern.

I personally consider MUL as a very dangerous stock to trade short term. It looks as if you can make a lot of money out of it, but as you mentioned before it is very easy to make brilliant gains with "HINDSITE" trading. It's quite a different story to avoid getting stuck in stocks like MUL when it starts moving quickly.

Time will tell. Thanks for your analysis and postings. It's always interesting to hear different views and ideas.

Happy trading

Stefan

 

[stefan]

Re: MUL - Where to from here?

by the way i've been meaning to ask have you been following MML.

Croc, MML is not on my watchlist and I haven't followed it at all. Why not creating a new thread and tell your view about it?
We could certainly use a few more threads so that we can take the focus off MUL...

Happy trading

Stefan

 

[crocdee]

Re: MUL - Where to from here?

hi stefan sp has dropped back a bit have you bought any more yet
croc

 

[stefan]

Re: MUL - Where to from here?

hi stefan sp has dropped back a bit have you bought any more yet?

No. My order is at 3.4 and I have some doubts that this is going to happen. Anyway, I'm waiting for some indication from the rest of the day to decide what to do next. If there's news, then I may miss out, but it looks pretty quiet right now. I may increase my bid before the close if it holds current levels.

Happy trading

Stefan

 

[Porper]

Re: MUL - Where to from here?

Regards charts and Mul.

I must agree with Stefan, it is almost impossible to predict the price of the "high risk" type of company's using charts because things change almost weekly.

If MUL has an announcement tomorrow the shares could add 50 %, if there are no announcements for a few weeks the price will probably slide, trying to predict this is like banging your head against a brick wall.

I am just trying to get my head around charts and theories, and it is intriguing but I am not convinced yet, maybe for the large companies where pretty much everything is known and there aren't too many surprises they probably do give you a better chance of getting it right.We will see, I wouldn't mind being proved wrong as it would give us all that extra "Edge" that we need.

 

[tech/a]

Re: MUL - Where to from here?

Good luck then Stefan if you bought back at around 1c or so.

I hope it pays off and certaintly hope its not delisted!

You should be fine.
Gotta say you certaintly love this stock.

Perhaps this will give you some encouragement.
10Yrs ago when doing my Diploma in technical analysis there was a guy doing it with me who loved a stock like you!!

He worked for a broker.
The stock----DVT---Davenet.

He bought a parcel of 150000 around $10000 at 6c ea.
Tony was a young guy--22 and always said that DVT would make him a million.
During the course nothing much happened on DVT.A few years later my interest in DVT grew as its price topped $1.

Tony had gone from the brokerage and was in another state.
I like everyone else I guess watched DVT rise to $6+ and then down well under the 1$.

2 yrs ago I ran into Tony and asked about his DVT trade.

His reply.
"I was always sure it would make me my million.It actually got to a 900K equity so I never sold.Had it reached the 1Mill I would have automatically.
When it tanked I sold out at $3.50.Yeh Im happy!"

Ill bet he was at a $400K plus profit!
DVT is now delisted.

Maybe you will have your own story one day.

tech

 

[JetDollars]

Re: MUL - Where to from here?

No. My order is at 3.4 and I have some doubts that this is going to happen. Anyway, I'm waiting for some indication from the rest of the day to decide what to do next. If there's news, then I may miss out, but it looks pretty quiet right now. I may increase my bid before the close if it holds current levels.

Happy trading

Stefan

Stefan,

MUL drop to 3.3Cents so I am pretty sure you bought some more and good luck.

 

[Joe Blow]

Re: MUL - Where to from here?

I shopped at Woolworths this evening to buy some groceries and the dividers at the checkout had an ad for Airworks on them.

 

[stefan]

Re: MUL - Where to from here?

Come on guys! I said I'll shut up about MUL for a while but you just keep bugging me

I'll sum up all the posting related to my person in this single post

Tech, thanks for the good wishes. Yes, I do love the stock. If you'd scroll back way before you joined the forum, you'd see that I'm also rather critical towards management and that has earned me some flaming from other dedicated MUL holders. I'm very much in favour of their product and as such I see that they have the chance to grow. Maybe not to $1 (not with that kind of float anyway) but certainly much higher than the current levels. It will take a while but my time frame is 2 years so there is some time left for them to show me the money! I have loaded up like there's no tomorrow simply because I believe that there really isn't one. This is the time to buy and hold if you want to make serious money and are willing to take the risk. It is a high risk stock and I've always made that very clear. It's my little gem in my portfolio and believe me, it's the only such stock. I'm not at all a penny trader but I like to put some money into high risk as well. MUL fits my profile and so I decided to have a go. The ods are against it at the moment and I can only hope that mangagement will plan their final, "small" capital raising very carefully. I think everybody is pretty much waiting to see how many shares they intend to flood the market with.

JetDollar, yes I got more. Today at 4:05 PM. I put an order in for 0.034 hoping I to jump the queue and got them for 0.033 as planned. But I only got a very small package of 12500 because I shifted some money away into SES instead. Should MUL fall back to 3 cents then I'll consider another bigger order.

Joe, I think Airworks will become a major source of income for MUL. But I'm much more interested to see new deals in the middle east area, especially from FalconStream. They've been very active lately and hopefully something will eventuate.

So there you have it. Now please leave me alone. I'm tired to talk about MUL. There are very interesting stocks out there that are well worth a closer look. If you're after some quick money, then I'm not the guy to follow. I don't speculate short term. I've done it in my early years and it never made me rich. I fully support Tech/a's view that 97% of traders fail because they try to make a million out of $1000 within 2 weeks.

I've changed my portfolio and I'm investing into companies that I believe in. I've rather be a shareholder than an investor. MUL is just held by the other guy deep inside me who turns up every now and then.

BTW: I do believe it will make me a million dollar. But that should come as no surprise, given the fair bit of time and money that I put in. I'm expecting a nice return so they better get working.

Happy trading

Stefan

 

[tech/a]

Re: MUL - Where to from here?

Stefan.

I must also say that your style of trading------ to me atleast is indeed very dangerous.

Another contributor from Reefcap sent me copious amount of information for a small miner back 2 yrs ago.He and 7 friends had invested $350,000 in this stock and he LOVED IT.He even sent me the buy contracts(Copies).
His urgings to buy the stock were relentless! It was trading at around 6C when I saw it and ranged over a couple of years from 1.5c to 13c.

He constantly averaged DOWN as you are doing.
The stock has been delisted although by the news that he'd sent me youd have sworn it was going to bolt!
He lost the lot and ofcourse vanished.

It amazes me why people INSIST on attempting to pick bottoms.(All you get are dirty smelly fingers!!)
Why not wait until "The" news arrives and if its "That" good the stock will have a "Sustained rise"(Yes I know the arguement is I want to be in at the lowest price to catch ALL the move)over a period of Days and if its really what its cracked up to be over weeks.Plenty of time to make packets without the necessity of using "Guess" analysis.

IE.Todays price action indicates an announcement soon.

While your placing copious amount of money here you have an "Opportunity cost" Other trades are passing you buy while you wait and wait and guess and wait and wait.

Just presenting the balanced veiw.
I sincerely hope the next 2 yrs is not a waste.

tech

 

[Lucstar]

Re: MUL - Where to from here?

"Todays price action indicates an announcement soon." Tech

Hi tech, interesting statement there. Could you please explain how you came to the statement?

 

[tech/a]

Re: MUL - Where to from here?

Sorry.
Misleading.

I was quoting a statement that Stefan had made about MUL during this 45 page thread (which Ive read).

It was/is an example of Guess analysis.
If I had been around when Stefan made that statement Both you and I would have been asking the question---"How so!"

Hope that clears it up.

tech

 

[stefan]

Re: MUL - Where to from here?

I must also say that your style of trading------ to me atleast is indeed very dangerous

Tech, trading MUL is VERY dangerous. But I don't think it's my trading style but rather the company I'm investing in.

He constantly averaged DOWN as you are doing.

No. I'm not doing that. I'm just adding more. My average is way below it's current price so when I buy, I'm actually averaging UP, buying at a higher price than my average. This is the most significant difference to what others are doing with MUL. As long as my average stays below 2.3 cents, I have a level of confidence that I can't go wrong except if MUL runs out of cash. Now at the current stage I don't think that this will happen. For me the signs are there that they turned the boat around.

It amazes me why people INSIST on attempting to pick bottoms.

I don't try to pick the bottom. I've picked up MUL after it run from 0.006 to 0.015. That's after a 100% increase. I've made it very clear in my many statements that for me it doesn't matter to pick the bottom. I'm buying when I have cash and when I feel the pull back is providing a good opportunity. You can either buy MUL after the news or during the lack of it. I try to accumulate shares while it is hanging around not doing much.

While your placing copious amount of money here you have an "Opportunity cost" Other trades are passing you buy while you wait and wait and guess and wait and wait.

If I was a daytrader, then yes. If I would put all my money into MUL, then yes. But with all due respect, I'm not that stupid. MUL has given me a nice return so far and I believe in its future. The only logical thing is to buy more when an opportunity arises and to hold on to it until they turn this company into a profitable one. Meanwhile I trade in other companies but again, I'm hardly selling. I'm accumulating shares to hold for years to come. I dont' believe in selling shares for a quick profit.

Todays price action indicates an announcement soon.

MUL for a long time was very predictable. Whenever there was news, the volume picked up hours or days in advance. That's where this statement came from. This has now changed. I don't know why but obviously the company is taking its news relase strategy a bit more seriously.

They offered a new subscription to shareholders a while ago at around 6 cents which was a 30% discount at that time as MUL was trading at around 9-10 cents. I never touched it. Many did and got burned, sitting on shares that are now worth half of what they paid for. Some may have bought and immediatelly sold out afterwards to cash in on 25-30%. Good for them. I can't see a point in selling only to pay 48cents in the dollar to John and his friends.

My strategy is to keep my average well below a possible bottom to avoid a paper loss. That's been working very well.

MUL will be the talk for a long time to come and we can easily fill this board with endless postings as to whether or not it is worth putting money into it and what would be the best way to trade it. I've done it my way and so far I can't complain. There are many other ways and I don't argue against any of them. Some are more dangerous than others, some are probably more sensible than others but everybody has to judge that for himself.

I hope everybody trading MUL can make some money out of it. As long as there's enough left for me

Happy trading

Stefan

 

[tech/a]

Re: MUL - Where to from here?

Stef

My opinion is one that is based on experience over many years.

I dont have to be convinced, and you dont have to justify to me or anyone else your holding.

My comments while specific are meant to be general in nature.

I sincerely wish you well,but in the same breath hope find the Real secret to success.

MUL is no Davenet.

Ill look on in the next 2 yrs with interest.

tech

 

[Joe Blow]

Re: MUL - Where to from here?

Stef

My opinion is one that is based on experience over many years.

I dont have to be convinced, and you dont have to justify to me or anyone else your holding.

My comments while specific are meant to be general in nature.

I sincerely wish you well,but in the same breath hope find the Real secret to success.

MUL is no Davenet.

Ill look on in the next 2 yrs with interest.

tech

Tech, I agree with you on one point in particular.

MUL is no Davnet.

I think MUL has much more potential than Davnet ever did!

 

[tech/a]

Re: MUL - Where to from here?

hahaha.

DVT has a track record it DID go from a few cents to $6.

MUL yet to prove itself.
Best of luck to you all!

Remember only YOU know what your success REALLY is!
(general comment)

tech