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Roll the Dice !
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When will the free fall end?
NLX - Nylex Limited
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Brand New
Roll the Dice !
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No reason that I know of !
However, as bad as Nylex are their share price could not go any lower than 0.04, one would think.
They were up 32% on 23million share traded, I'd love to know who is buying ?
Still, they are a dog and unfortunately, I bought at .010 and .05, long way to go for me !
Paul
However, as bad as Nylex are their share price could not go any lower than 0.04, one would think.
They were up 32% on 23million share traded, I'd love to know who is buying ?
Still, they are a dog and unfortunately, I bought at .010 and .05, long way to go for me !
Paul
Realist
Billie Jean is not my lover
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Re: PMH - Pacmag Metals
Haha, I tipped NLX in the stock tipping comp about 4 months ago.
It keeps getting bailed out cash wise by some bigwig, and it makes large losses, I would never buy it myself.
Trading is easy in hindsight Tech, did you buy NLX before the rise though?
tech/a said:
Haha, I tipped NLX in the stock tipping comp about 4 months ago.
It keeps getting bailed out cash wise by some bigwig, and it makes large losses, I would never buy it myself.
Trading is easy in hindsight Tech, did you buy NLX before the rise though?
Realist
Billie Jean is not my lover
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Re: PMH - Pacmag Metals
He should have held... 8.7 now!
nizar said:Yes while u were watching the depth on FOSTERS tech/a made good money on NLX, bought at 7.1 and sold i think it was 8.1.
Its in his other thread.
His trading can be VIEWED publically. And its been profitable. Thats not called hindsight if u ask me...
He should have held...
8.7 now!They have had a really great rise. I didnt buy into them. Too much risk factor for me. I dont know what they have or whats going on. There has been no reason for the rise is SP. Obviously some investors know something or the day traders are making this one run on speculation.
Hi Chris,
Some year or so back, they wound up their prod in au, and chose to only have a dist centre in au for asian manafacturing.
It may be immerant that the reason it (think FEB) caused heavy selloff is now coming to reverse and prod may start out of asia....???? not sure though...
Or your traders theory could also be true...
Either way....hope you guys enjoyed the run.... $$$$
Some year or so back, they wound up their prod in au, and chose to only have a dist centre in au for asian manafacturing.
It may be immerant that the reason it (think FEB) caused heavy selloff is now coming to reverse and prod may start out of asia....???? not sure though...
Or your traders theory could also be true...
Either way....hope you guys enjoyed the run.... $$$$
tech/a
No Ordinary Duck
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Re: PMH - Pacmag Metals
Sold full parcel at 8.3c
bought 1/2 parcel at 8.8c.
Looking for spike tomorrow.
Either will or turn into an inside day.
Love tax means I have it to use. (mainly to pay my accounting firm to minimise it!! hahaha.)
Sold full parcel at 8.3c
bought 1/2 parcel at 8.8c.
Looking for spike tomorrow.
Either will or turn into an inside day.
Love tax means I have it to use. (mainly to pay my accounting firm to minimise it!! hahaha.)
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I bought in six months ago at 12.5c and watched NLX languish in the meantime. I felt that an Aussie icon (makes Esky and garden fittings, among other things) would not be in the doldrums for too long. (Btw, this was not a typical purchasing reason for me).
Anyhow, I had pertty much resigned my self to a sub-5c sp for NLX - but I'll be blowed - here they are jumping up again!
Have you looked at the chart over a long time span? These little jumps and falls - though relatively impressive at the time - look like little more than noise from a distance. I wonder...
I thought that lower oil prices might have been the cause for some of the new wind in NLX's sails - seeing as they produce plastics and rubbers largely. Then I speculated as to whether the large grant for farmers from the Fed government may increase incomes for NLX indirectly... Also, it did rain yesterday... Speculation abounds and even NLX couldn't explain clearly why their sp had found legs again. (See the price enquiry response from about 5.20pm yesterday).
I will be keeping a closer eye on this "battler" for at least the next month or so.
Anyhow, I had pertty much resigned my self to a sub-5c sp for NLX - but I'll be blowed - here they are jumping up again!
Have you looked at the chart over a long time span? These little jumps and falls - though relatively impressive at the time - look like little more than noise from a distance. I wonder...
I thought that lower oil prices might have been the cause for some of the new wind in NLX's sails - seeing as they produce plastics and rubbers largely. Then I speculated as to whether the large grant for farmers from the Fed government may increase incomes for NLX indirectly... Also, it did rain yesterday... Speculation abounds and even NLX couldn't explain clearly why their sp had found legs again. (See the price enquiry response from about 5.20pm yesterday).
I will be keeping a closer eye on this "battler" for at least the next month or so.
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Okay - it looks like all of the interest in NLX is due to the imminent release of renounceable rights. NLX is strapped for cash, and, dare I say it, selling more shares in itself at a discount rate to raise dough. It's a sign of desperation (me thinks) or else why wouldn't they just borrow from a bank, right? This renounceable rights issue is like the mint printing more money and giving it out at a discount to those who already hold some...
The deal is that NLX will give you the option of buying more shares (2.17 for every one you hold) in their company at a price of $0.043. Of course, selling made-up shares in their company deflates the value of the shares already issued. But by how much? The formula to calculate the ex-right value (ERV) per share is simple:
ERV = (CMV + x * RIP)/(1 + x)
where CMV is current market value, RIP is rights issue price, and x is the number of shares to be issued for each one currently on the market. For a current market value of $0.075, the ERV is $0.053.
Thus, at the current market value, the rights are worth $0.010 per share. (That is ERV minus RIP). So, punters, don't sell you rights for less than that! You should of course, recalculate this value when the market value changes.
Really, a rights issue does not indicate any underlying improvement in the position of NLX. The recent jump is, I predict, an anomoly caused be those enticed by the fake offer of "discounted" shares. As such, I am cutting my losses and getting out. In fact, a rights issue is bad because resources are wasted in organising the issue, etc. Then there are brokerage fees for investors trying to sell their rights, etc. etc.
This might come back to bite me but I bought in without a clear head and I can't make a good case to stick around.
The deal is that NLX will give you the option of buying more shares (2.17 for every one you hold) in their company at a price of $0.043. Of course, selling made-up shares in their company deflates the value of the shares already issued. But by how much? The formula to calculate the ex-right value (ERV) per share is simple:
ERV = (CMV + x * RIP)/(1 + x)
where CMV is current market value, RIP is rights issue price, and x is the number of shares to be issued for each one currently on the market. For a current market value of $0.075, the ERV is $0.053.
Thus, at the current market value, the rights are worth $0.010 per share. (That is ERV minus RIP). So, punters, don't sell you rights for less than that! You should of course, recalculate this value when the market value changes.
Really, a rights issue does not indicate any underlying improvement in the position of NLX. The recent jump is, I predict, an anomoly caused be those enticed by the fake offer of "discounted" shares. As such, I am cutting my losses and getting out. In fact, a rights issue is bad because resources are wasted in organising the issue, etc. Then there are brokerage fees for investors trying to sell their rights, etc. etc.
This might come back to bite me but I bought in without a clear head and I can't make a good case to stick around.
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Yes, Tekman, NLX has regained the ground that it lost late on Thursday. (Just before I bailed out). Oh well - can you explain it?
Nudibranch said:
I a only a novice here, but perhaps it may be explained by the release
http://www.asx.com.au/asxpdf/20061020/pdf/3z35hvnqbclnd.pdf
Is this saying it's raised 30m out of the 40m, which drove it down in the first place...????
Can someone else suggest what may have driven it back to it's weeks highs
Thanks
SevenFX
pharaoh said:
Pharaoh,
I'm starting to releaise that I have many examples where if I did this, this would happen, and I used to kick myself....but now I think to myself, at the time my decission what I SEEN was right to exit, and when it is right again I will reenter (perhaps even the next day)...
If you hold a downtrending share for any longer that you bank can bare, your regrets become GREATER and your seccessful trading mindset becomes weaker...
Thats just my opinion.... and try to benifit from all the wisdom around here....
"Trade what you SEE, not what you FEEL".
"Never turn a PROFIT, Into a LOSS".
and "If your going to panic, PANIC EARLY".
Thanks to all ASF members that have helped along my journey.
