OXR - Oxiana Limited

[MalteseBull]

should explode today,

$4 by end of year imo

 

[legs]

should explode today,

$4 by end of year imo

Just as a matter of interest, why did you think it would explode today??

 

[Sean K]

Will struggle to get through $3.50 unless Au and Cu continue to climb, and/or a takeover offer comes. I think there will be technical correction in gold soon. It may get to around $660. If it breaks through $660 before Xmas then the Ox may clear $4.00 as well. I think gold may get close, but then retreat slightly.

 

[swingstar]

Fairly low volume on this recent pullback which indicates a counter-trend.

 

[Out Too Soon]

I know you always get weird figures before open but OXR is showing bid $3.30 & offer $2 t5his morning.

 

[Caliente]

i think someone mentioned this before, but you can make a living just trading the swings of Oxiana.
- I hold (this is my oldest baby : )

 

[nizar]

i think someone mentioned this before, but you can make a living just trading the swings of Oxiana.
- I hold (this is my oldest baby : )

I think so too.
LHG and OXR both.

 

[porkpie324]

Yes you can, OXR has been a good trader (one of my better ones) for about the last 6 months I have caught most. The way it works for me is to buy over a number of days say 10ks worth per day but don't over extend yourself use good money management. Then distribute on the top of the upswing over a few days (or where you think the top is). I use CFDs for this as brokerage is lower to a great success and not just with OXR others are MCR, IGO, KZL, SMY, JBM and a few more. porkpie

 

[legs]

Can anyone confirm that the last trade for the day was over 3,000,000 shares in one package??? Yahoo finance says this happened but you can never trust YAHELL.????

 

[reece55]

Legs
There was a crossed trade post the 16:10 final trade - 2,628,519 by my count.

Details as follows
20/12/2006 5:51 3.159 520395 1643928 XTSXOS
20/12/2006 5:19 3.159 1376380 4347984 XTSXOS
20/12/2006 4:46 3.07 731744 2246454 XTSXOS

Cheers

 

[swingstar]

I think we've just begun wave iii of 3 of (5). Time will tell, but for my count to be validated, we are in for a bullish move. Wave 2 frequently ends in between 50-78.6% retracement of wave 1.

Notice the low volume from the beginning of wave ii to the anticipated end. Picked up today on a bullish bar.

 

[chops_a_must]

I think we've just begun wave iii of 3 of (5). Time will tell, but for my count to be validated, we are in for a bullish move. Wave 2 frequently ends in between 50-78.6% retracement of wave 1.

Notice the low volume from the beginning of wave ii to the anticipated end. Picked up today on a bullish bar.

So would be looking for this to get above 3.50 in this cycle?

 

[swingstar]

So would be looking for this to get above 3.50 in this cycle?

Minimum price projection for wave iii using the info available (wave i and ii) is around $3.50-60. Don't have a time-frame yet. Only a probability remember... Not at all a certainty.

 

[chops_a_must]

Minimum price projection for wave iii using the info available (wave i and ii) is around $3.50-60. Don't have a time-frame yet. Only a probability remember... Not at all a certainty.

Nah, that's cool. I was just confirming if I had read it correctly.

 

[chops_a_must]

Through resistance at 2.80. Can't see this stopping before 2.60.

 

[swingstar]

I got stopped out (and some) on Friday. It's still possibly a wave 2, but other counts could probably take preference... Either way, too much guess work for a trade at the moment.

 

[chops_a_must]

I got stopped out (and some) on Friday. It's still possibly a wave 2, but other counts could probably take preference... Either way, too much guess work for a trade at the moment.

Is the wave analysis still valid when the underlying fundamentals change significantly, like they have here with copper? Because this was always the danger with OXR.

 

[swingstar]

Is the wave analysis still valid when the underlying fundamentals change significantly, like they have here with copper? Because this was always the danger with OXR.

As wavepicker mentioned in I think the zinc or gold thread, and Mag has mentioned it to me before, you should definitely take into account other factors. A lesson has certainly been learnt... I took the trade way too early, especially with the bear trend copper was in.

Another thing... There is probably an alternative bearish count, so it would have been wise to take a trade within the parameters of that (if clear) given the copper fall.

 

[legs]

I personally believe copper prices and gold prices can't stay this low for a long period. Do people think the building or infrastructure and housing in China is going to slow down enough to hold these prices? It has been mentioned on many talkback radio finance programs, internet forums and TV shows that stock brokers are tipping the mining giants such as RIO and BHP as good buys at these "low" levels. They are frequently wrong however. I believe it will turn around fast..lets hope I am right.

 

[Ken]

legs?

copper prices are not low...

they are still relatively high compared to 5 years back. there is just uncertainty.