Australian (ASX) Stock Market Forum

NCM - Newcrest Mining

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No worries. It got stopped out on the count back line yesterday for only 2.4% of account profit. WES got stopped today for break even.

Havent had any scan results the last few days but I think there will be some short trades show up tonight.
 
qldfrog said:
I registered as I had substancial interest over that period and significant losses at time
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Best of luck qldfrog, and keep us posted.
If the class action is actually successful in recouping anything you might not see much of it after the lawyers have been paid off.
 
to be honest, the reason I participate in any of the class actions I am entitled to is not such much money but the fact that it removes the inpunity insiders have when fudging the market;
False releases to the market are usually the reason behind these class actions;
yet I would bet that the individuals involved were well aware of the real figures for their own portfolios.
I want to "keep the bastards honest".
This sadly has disappeared from our political arena, but if we can at least have this reinstated in our corporate bordroom, this is a victory for shareholders and the notion of Justice.

If other "b..ds"(aka lawyers) make most of the bucks, well so be it.
Just sad that the $ usually comes from the company or the insurances premiums paid by the companies, not the culprits
 
qldfrog said:
to be honest, the reason I participate in any of the class actions I am entitled to is not such much money but the fact that it removes the inpunity insiders have when fudging the market;
False releases to the market are usually the reason behind these class actions;
yet I would bet that the individuals involved were well aware of the real figures for their own portfolios.
I want to "keep the bastards honest".
This sadly has disappeared from our political arena, but if we can at least have this reinstated in our corporate bordroom, this is a victory for shareholders and the notion of Justice.

If other "b..ds"(aka lawyers) make most of the bucks, well so be it.
Just sad that the $ usually comes from the company or the insurances premiums paid by the companies, not the culprits
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Well I do hope you get something back.
I'm now curious to know what a successful class action like this might actually deliver in terms of $/share and what this would mean for other share holders who didn't choose to or who didn't qualify to participate in the class action. If the damages were extremely large one group of shareholders (and their lawyers) would be benefiting at the expense of the other group of shareholders and that doesn't seem fair either.

So does anyone know anything about this? How much might Newcrest have to pay out for their misdemeanor and how would the amount even be determined?
 
I will try to keep you posted as it develops, basically usually it ends up is a $ amount that the company pays when it knows it is guilty to allow for a general white wash at the profit of the lawyers and their limited amount of clients.The deals usually close any future litigation.
And I believe the lawyers only start these when they know from the start that they will get to a deal and have the ability to back their claims.
 
I bet it will take a long, long time though and that also means that even if you do get something back its NPV will be diminished by the long wait.
 
Sure but every dollar will be one I do not expect and would not have had anyway;
I can not loose unless I invest in NCM again (as ultimately the company is the looser),
That will not be the case until management and policies are wiped out and started afresh, and this will not happen tomorrow in my opinion
 
Something going down - or up??? Inside trading - again???

The trading desk identified unusual trading activity in Newcrest Mining throughout the day. Despite a large number of gold miners giving back their Friday gains over night in Toronto, Newcrest today - after losing 16 cents within 8 minutes of opening - slowly clawed its way higher to close 64 cents higher for the day or 6.43% at AUD10.60. 16 cents of this gain was seen in the closing auction on very high volume: 3,669,255 trades went through this closing auction versus 4,549,399 shares trading hands throughout the trading day. The desk anticipates to see an announcement on this stock tomorrow.
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Uncle Festivus said:
Something going down - or up??? Inside trading - again???
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A few stocks traded and matched funny today. Possibly some funds moving some stock ahead of / in step with the MSCI rebalance tomorrow.

Not sure about an announcement tomorrow, however.
 
skc said:
A few stocks traded and matched funny today. Possibly some funds moving some stock ahead of / in step with the MSCI rebalance tomorrow.

Not sure about an announcement tomorrow, however.
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Correction... MSCI rebalance today (Tuesday) at close.
 
2 questions -

Shouldn't Saxo know about the MSCI rebalance and
How do you know when this takes place and what companies it affects?

The closing depth volumes looks bullish at least, we'll see how she opens today then?
 
Uncle Festivus said:
2 questions -

Shouldn't Saxo know about the MSCI rebalance and
How do you know when this takes place and what companies it affects?

The closing depth volumes looks bullish at least, we'll see how she opens today then?
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Don't know if they keep up. They're a CFD desk so they're not as "deep"

I didn't see any notes that put NCM as a volume event so no idea what happened there.

Textbook squeeze up and fade :)
 
alexandro
I feel it is very near to a rebound taking place. I base it on previous steep declines and rebounds. The common steep decline from a peak measures 18-26%. Steepest declines have measured 26-30% from the peak. We are curently at 27%. If we allow it to go to 30% from the peak of $36.10 earlier on in the year, then we have about another 75cents to fall (3%). take 75c off todays low of $26.27 gives about $25.50. At $25.50, load up. If it goes to 25, then load up more. If it goes to 24, then put the house on it and go to the bank and get more to put on it and watch it climb back up to 32-36. Collect $200,000 or $300,000 and spend 6 months eating seafood and having sex on an island somewhere.

Reply
24th-April-2012 11:49 PM #347
notting
Then wake up in wet Pajamas and say, "****, it was just a dreeaaam!!!"
alexandro
It's good to dream. Anyway, the point is that NCM is due for and not far from a rebound based on previous chart action. It is a very wild volatile stock that can go up as strongly as it does down. There is a 2-3 dollar upside at least. If you buy 10,000 of them, that a neat 30k.
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Is it time to Wake up Alexandro and get him to take out that mortgage?
Remembering with affection.
I'm still not convinced but perhaps it's just that hang over you get from living with a mongrel dog bitch for 3 years.
Well, I wasn't exactly living with her, she was just always barking at me through the gaps in the fence when ever I went outside.
 
ftw129 said:
Still respecting the resistance line at the top of the downtrending channel with the recent sell off (isn't technical analysis a beautiful thing?!) :D

View attachment 57867

Interestingly, we have formed what looks like the perfect set up for an inverted head and shoulders which is a bullish pattern.

Should the stock break through the channel resistance line and break through the "neckline" of the pattern (as drawn on chart) it will be time to enter a long position.

Could this be the end of the trend? It is starting to look positive but you MUST wait for confirmation.

You will always miss the exciting early gains of a turn around because they are impossible to pick.

The trend is still down until further notice.

(Of course I could be wrong. Just my opinion. Do your own research)
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Confirmation of bullish breakout. Price target $16-$18

NCM has gone and broken out of a very bullish pattern. The volume hasn't been huge, which is the only cause for caution.

The price target is $16-18 with a stoploss at around $9.50.

2015-01-13_2125.png

(This is purely my own opinion and should not be construed as advice. This post is only here for illustration purposes only)
 
ftw129 said:
Confirmation of bullish breakout. Price target $16-$18

NCM has gone and broken out of a very bullish pattern. The volume hasn't been huge, which is the only cause for caution.

The price target is $16-18 with a stoploss at around $9.50.

View attachment 61112

(This is purely my own opinion and should not be construed as advice. This post is only here for illustration purposes only)
Click to expand...

Nice work ftw129, I'm waiting on some more volume for confirmation and look at getting in just before close on Friday or early Monday. I see the entry risk being around 20% for the position at this stage and would position size it so it is no more than a 2% risk to total portfolio. Looks good so long as it stays above the $12.50 mark.
 
Nortorious said:
Nice work ftw129, I'm waiting on some more volume for confirmation and look at getting in just before close on Friday or early Monday. I see the entry risk being around 20% for the position at this stage and would position size it so it is no more than a 2% risk to total portfolio. Looks good so long as it stays above the $12.50 mark.
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The bold part... I like it :xyxthumbs
 

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