brerwallabi
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Outstanding Dead Cat Bounce Alerts!
- Thread starter brerwallabi
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Sean K
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
Dead cats are opportunites to buy on the initial knee jerk reaction to bad news. But the cat is dead and will then continue down.
Takes some experience to judge these IMO, and then to trade them.
I suppose there can be longer stretched out dead cats, but it's not what I would be looking for as an investment.
Perhaps the example above may be a 'recovery' story?
Looks like that cat is dead.Anyone? I'd love to jump on this one if i thought there was a good chance of a bounce back
Dead cats are opportunites to buy on the initial knee jerk reaction to bad news. But the cat is dead and will then continue down.
Takes some experience to judge these IMO, and then to trade them.
I suppose there can be longer stretched out dead cats, but it's not what I would be looking for as an investment.
Perhaps the example above may be a 'recovery' story?
explod
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
Welcome to try. I have been there and done that but was very lucky that some second sense kicked in.
First experience Aristocrat, some three or four years ago, at about $1.60 to 1.70 Rivkin said the buy of the century. No muckin about bought $20,000 worth (that I probably could not afford to lose at that time.) they dropped and they dropped. By this time had gone quiet not game to tell the missus. They hit .90 cents, saw some buying overtake sellers, on instinct brought another $20,000 s worth. They hit $1.20, near enough to my money back so sold the lot. So scared I could think of nothing else. Of course since they have gone up and up and up. Without checking they are probably around $12 or $13 dollars now, too disgusted to ever look at them again and never will. Good lesson one with cat bounce.
Second, Ballarat Gold, chart below,was in the bounce at $1.50, 0ut at 1.30, Sureley must be in for the bounce at 50 cents so in again, watched them drop to .29 cents in disbelief, but this time with some calm doubled my holding and managed to salvage something at 40 cents. So have a go if you have the nerve. I only follow positive trends with my own back up fundamental study these days . How I did not lose my shirt I will never know,....
Anyone? I'd love to jump on this one if i thought there was a good chance of a bounce back
Welcome to try. I have been there and done that but was very lucky that some second sense kicked in.
First experience Aristocrat, some three or four years ago, at about $1.60 to 1.70 Rivkin said the buy of the century. No muckin about bought $20,000 worth (that I probably could not afford to lose at that time.) they dropped and they dropped. By this time had gone quiet not game to tell the missus. They hit .90 cents, saw some buying overtake sellers, on instinct brought another $20,000 s worth. They hit $1.20, near enough to my money back so sold the lot. So scared I could think of nothing else. Of course since they have gone up and up and up. Without checking they are probably around $12 or $13 dollars now, too disgusted to ever look at them again and never will. Good lesson one with cat bounce.
Second, Ballarat Gold, chart below,was in the bounce at $1.50, 0ut at 1.30, Sureley must be in for the bounce at 50 cents so in again, watched them drop to .29 cents in disbelief, but this time with some calm doubled my holding and managed to salvage something at 40 cents. So have a go if you have the nerve. I only follow positive trends with my own back up fundamental study these days . How I did not lose my shirt I will never know,....
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prawn_86
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
Welcome to ASF Justin
If your a new user check out the beginners lounge for heaps of useful info.
My words of advice as I was just starting out not that long ago:
Dont risk what you cant afford, dont rush into things, and when you do start sticking to the top 200 for experience is a good ploy
Welcome to ASF Justin
If your a new user check out the beginners lounge for heaps of useful info.
My words of advice as I was just starting out not that long ago:
Dont risk what you cant afford, dont rush into things, and when you do start sticking to the top 200 for experience is a good ploy
explod
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
Hope this helps ..............................................................................................................................................................
Anyone got a chart for AED? On the bounce?
Hope this helps ..............................................................................................................................................................
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prawn_86
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
Bradken: BKN.
I would never buy it, but for those who do trade dead cat bounces i would love to know why/why not this is a buying opportunity tomorrow morning
Bradken: BKN.
I would never buy it, but for those who do trade dead cat bounces i would love to know why/why not this is a buying opportunity tomorrow morning
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
I bought BKN yesterday for 9.05. Second successful dead cat bounce trade for me after buying BOL at 1.84.
I bought BKN yesterday for 9.05. Second successful dead cat bounce trade for me after buying BOL at 1.84.
rub92me
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
They need to hit the ground first before they can bounce. The price action yesterday on BKN (open on 9.00 quickly up and then closing below 9.00) indicates to me that we haven't seen the ground for this one yet..
They need to hit the ground first before they can bounce. The price action yesterday on BKN (open on 9.00 quickly up and then closing below 9.00) indicates to me that we haven't seen the ground for this one yet..
lamot1
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
For those game enough to try, CNP is down about 70% this morning. FY08 profit has been revised down about 15% and the Dec '07 distribution is canceled. Big debt refinancing concerns which, in this market, may really drag on the stock and limit the size of any potential bounce.
For those game enough to try, CNP is down about 70% this morning. FY08 profit has been revised down about 15% and the Dec '07 distribution is canceled. Big debt refinancing concerns which, in this market, may really drag on the stock and limit the size of any potential bounce.
Re: OUTSTANDING DEAD CAT BOUNCE alerts
this forums great! haha i've never really thought of trading these as they seem, from my observation to be quite unpredictable. but i wish i had been in on cnp this morning 40-85 cents giving some of these a bit more thought now although some of those horror stories might make me think twice. Keep the charts coming
Thanks Tyson
this forums great! haha i've never really thought of trading these as they seem, from my observation to be quite unpredictable. but i wish i had been in on cnp this morning 40-85 cents
giving some of these a bit more thought now although some of those horror stories might make me think twice. Keep the charts comingThanks Tyson
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
Bugger, Lamot I read your post yesterday morning 1hr after the market opened when CNP was at .65 and bouncing back from .42 at that time. Did a bit of research -past divies, what they own, etc and thought on paper this looked good to try for a quick profit on the bounce back. Even at .65 this seemed silly given the assets they have (Excluding the debt).
However never tried punting on bounce backs so i got nervous and did not go for it. Look at this now. Should have put even a few k on it-very short term. "Any profit is a good profit". Live and learn.
This is a good thread people keep the posting there are profits to be made on these occasianally and CNP was a big one.
Bugger, Lamot I read your post yesterday morning 1hr after the market opened when CNP was at .65 and bouncing back from .42 at that time. Did a bit of research -past divies, what they own, etc and thought on paper this looked good to try for a quick profit on the bounce back. Even at .65 this seemed silly given the assets they have (Excluding the debt).
However never tried punting on bounce backs so i got nervous and did not go for it. Look at this now. Should have put even a few k on it-very short term. "Any profit is a good profit". Live and learn.
This is a good thread people keep the posting there are profits to be made on these occasianally and CNP was a big one.
prawn_86
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
You wouldnt be in a profit if you bought on the first day of the big dive.
Thats why i dont trade dead cat bounces, you never know what day it is actually going to rally
You wouldnt be in a profit if you bought on the first day of the big dive.
Thats why i dont trade dead cat bounces, you never know what day it is actually going to rally
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Re: OUTSTANDING DEAD CAT BOUNCE alerts
LOL this is very true Ray. Be interesting to see what happens today with its price. Some silly stuff happening on comsec and hard to tell.
LOL this is very true Ray. Be interesting to see what happens today with its price. Some silly stuff happening on comsec and hard to tell.
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