Oversold stocks that will perform well in July?
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most of uranium stocks are oversold
nru, ntu, gbe, xst, ura, pnn, etc.....
maybe market waiting for uranium hype again
currently most of them driffting lower with small volume trade.
nru, ntu, gbe, xst, ura, pnn, etc.....
maybe market waiting for uranium hype again
currently most of them driffting lower with small volume trade.
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Please do not simply post ASX codes in this thread.
If you are going to claim a stock has been oversold please provide some reasons/analysis for your view.
If you are going to claim a stock has been oversold please provide some reasons/analysis for your view.
AGM oversold....see Chinese have bought 11% of company for 80c or 41million shares for $33million....anything below 80c is oversold...as there is a delay of production due to finishing the ballmill on time..company upgraded Ni by another 10k or $350million if it stays around present price...Stainless news said that Ni will sell around the $35k to $37.5k a tonne for the next 12 months or 2007 to 2008....as when production starts in early january AGM is the only new mine of the block..At present 75c.... SPwill see better days soon as the market starts buying again....I hold and will buy more if SP should retract further....daytraders are shorting here
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I'm holding and have been accumalating TRF which has been oversold.
It had hit a high of $2 but fell back into the 80's upon the farming off of its Iron assets to the Ironclad (IFE) IPO. TRF is holding 50% of IFE and will hold 20% of the iron resource and get all the credits. IFE should list next week. Alot of TRF holders sold out to buy into IFE and allocations have been annouced of only 70%. Once they the refunds come through there should be some more interest in getting into TRF or IFE upon listing. In light of the $20mil $1 shares held in IFE TRF is a bargain.
Those that bough on the way down from $2 would have sold for tax purposes and bought back in taking the tax loss to offset some of the great gains we have had in the market last year.
I bought in on the weakness and am enjoying the benefits and much more upside to come if IFE lists at a premium. TRF has risen recently and i expect it to keep rising as we get closer to the listing of IFE.
It had hit a high of $2 but fell back into the 80's upon the farming off of its Iron assets to the Ironclad (IFE) IPO. TRF is holding 50% of IFE and will hold 20% of the iron resource and get all the credits. IFE should list next week. Alot of TRF holders sold out to buy into IFE and allocations have been annouced of only 70%. Once they the refunds come through there should be some more interest in getting into TRF or IFE upon listing. In light of the $20mil $1 shares held in IFE TRF is a bargain.
Those that bough on the way down from $2 would have sold for tax purposes and bought back in taking the tax loss to offset some of the great gains we have had in the market last year.
I bought in on the weakness and am enjoying the benefits and much more upside to come if IFE lists at a premium. TRF has risen recently and i expect it to keep rising as we get closer to the listing of IFE.
Anything with exposure to the high dollar I think has been oversold - especially when you look at the hedging they do, their payout ratio and capital investment/R&D requirements abroad. A high dollar means acquisitions of foreign companies can be bought on lower multiples. ABS is IMO oversold - US expansion proceeding as forecast, most earnings are AUD/NZD and further acquisitions in the US would be otherwise cheaper. But then I've always looked at this company through rose-coloured glasses. Also, BXB and CTX hit hard over "downgrades" when really their previous guidance was not revised down. CSL down significantly from highs due to high $A and worries about Gardasil despite continuos upgrades and no fundamental change in the company's position. MBL also well down off highs despite very bullish half yearly results. I think overall there are still excellent bargains to be had with many sectors off 5% or more from their highs, which in a bull market is 'cheap'. Industrials are out of favour despite strong domestic and overseas demand, LPTs also out of favour despite booms in QLD and WA and a tight rental markets and booming industrial and commercial portfolios. Also financials more broadly have underperformed - insurers particular have not kept pace with excellent market conditions for their investments and a generally quiet claims environment. I think alot of money has been taken off the table lately (excluding the Materials sector and M&A hotspots like media) and the next correction will be short and shallow - to the point where it will be over before some people realise and opportunities to accumulate will be missed - which explains the quick and strong recovery from the February 'blip'.
Just to point out.....AGM is not a CU play....so do your research please....
Sorry, I am confused. It is Ni player. Ni is just as week as Cu. Every commodity is weak, except Lead.
How is Nickel weak? $37k a tonne is where it started the year, and with demand the way it is, its hard to see it going too much lower. AGM started out doing their BFS based on about $15k a tonne (or even less!) and forecast PE ratio for 07/08 is about 4!! Leaves a lot of room for improvement i say
PSH Penrice Soda
Oversold after bad 1H, better announcements recently, appears to be back on track.
Exhaustion type volume on lows around end F/Y
SP around $1.42, forecast divi this year 11.5c FF gives a return of about 11% grossed up
I hold
Oversold after bad 1H, better announcements recently, appears to be back on track.
Exhaustion type volume on lows around end F/Y
SP around $1.42, forecast divi this year 11.5c FF gives a return of about 11% grossed up
I hold
Thanks for you information. It is indeed very interesting. It is the only manufacture of soda ash in Australia. I like the word "only". Still need to do more research.
I think the money is going into the big boys...
ZFX, OXR, RIO, BHP, WPL
All setting records....
Go figure... who would have thought... now the top 5 resource/energy companies in a portfolio could very well be those stocks...
They are all pretty much blue chip.
Have put on 54 % since last December...
Not saying its not going to change... but now is the time where I would be looking to put my funds into some defensive sectors. IF it wasnt for RIO and BHP and WPL the all ords would be back to 5900-6000 or pretty close to.
The last time the resource sector ran this hard, it got very spooked.
Personally I would have my shorting methods sorted, as what goes up, comes down, and we know that.. everything has a price. Any pressures on base metals, and it will be felt. I'd love BHP to get to $40.. but everything happens in cycles correct???
ZFX, OXR, RIO, BHP, WPL
All setting records....
Go figure... who would have thought... now the top 5 resource/energy companies in a portfolio could very well be those stocks...
They are all pretty much blue chip.
Have put on 54 % since last December...
Not saying its not going to change... but now is the time where I would be looking to put my funds into some defensive sectors. IF it wasnt for RIO and BHP and WPL the all ords would be back to 5900-6000 or pretty close to.
The last time the resource sector ran this hard, it got very spooked.
Personally I would have my shorting methods sorted, as what goes up, comes down, and we know that.. everything has a price. Any pressures on base metals, and it will be felt. I'd love BHP to get to $40.. but everything happens in cycles correct???
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Ken
Aren't we talking about oversold stocks here mate...... ??????
CDR -Below book value at present (although much of it is an intangible). 2x downgrades, but realistically a bargain if it were split, cash flow issues however. But plenty of substantial holder appeal.
CEY - Centennial Coal - Still my favorite little stock, Anvil Hill now approved and whilst it is a risky stock, it has an absolute ton of upside.
ILU - Iluka Resources - Never really done very well, but look at the recent price action and substantial shareholder list. My uncle works for ILU and things are happening IMO - sure, not a great history, but not much risk from here.
These are the ones that come to mind to me. However, bottom picking is always an extremely difficult affair...... Patience and foresight is require, but it's the later that is always difficult to capture.....
Cheers
Reece
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don't know whether it will perform well in July but I do know that it is appears
OVERSOLD. Unless there is something that I'm missing, we have had only
good news in the last 4 months (refer ASX anns) but for some inexplicable
reason it just gets dumped.
The selling cant go on forever, I would expect this to turn sometime in the
near future.
I hold.
OVERSOLD. Unless there is something that I'm missing, we have had only
good news in the last 4 months (refer ASX anns) but for some inexplicable
reason it just gets dumped.
The selling cant go on forever, I would expect this to turn sometime in the
near future.
I hold.
It would be interesting if you named the stock you are talking about.
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apologies....re previous post was referring to KIM
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Clearly an oversold stock of late (especially today) would have to be Paladin (PDN)
Hit a low of $7.40 today. With such great projects as the Langer H mine in Nambia and the Malawi Uranium mine to come online next year (just to name but 2), this stock HAS to be classed as oversold.
Ok the heat has gone out of Uranium of late, but undoubtable will come back in time to come.
Hit a low of $7.40 today. With such great projects as the Langer H mine in Nambia and the Malawi Uranium mine to come online next year (just to name but 2), this stock HAS to be classed as oversold.
Ok the heat has gone out of Uranium of late, but undoubtable will come back in time to come.
