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Thanks BL greatly appreciated
I registered as I had substancial interest over that period and significant losses at time
I registered as I had substancial interest over that period and significant losses at time
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
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.
Something going down - or up??? Inside trading - again???
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.
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?
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.
Still respecting the resistance line at the top of the downtrending channel with the recent sell off (isn't technical analysis a beautiful thing?!)
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)
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)
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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