Australian (ASX) Stock Market Forum

PMH - Pacmag Metals

Jump to new
nizar said:
thats speculation for you realist
i lost a pile with this one, i mite put up a thread later on how NOT to trade :banghead:
Click to expand...

Did you sell though Nizar? :confused:

The sellers have dried up, should hold in low 40's for a while, before it storms up (I hope). :(
 
Haha patience Realist.

I think it will go further. There really hasnt been any negative comments made in the media for this one. It all seems positive.

Just negatives coming from all the supposed "pros" in the chat forums. Get real. This one has a real chance. If it does get hammered though I'll have my stoploss.
 
ill jump out if they broke down past 35.

I actually nearly sold at 40.5 this morning.

I cancelled after I saw there was quite a bit of support for the stock.

I dont put all my money into these kinds of stocks tech-a. mayb 4 grand etc. If I lose a grand so be it. This has the potential to 3 fold IMO.

Type of stocks I would have larger holdings in are AOE :)
 
Fair enough.

I would have taken the profit and a 25% hit on initial parcel size would be un acceptable to me regardless of potential.
Goodluck---do you have a time stop? Ie how long would you hold between 50c and 30c ?
 
I always hold a stock untill I think one comes along with better potential. Thats about it really.

Unless I see something I really like...then I'll hold long term. I really liked Bannerman and made comparisons to Paladin. No way am I selling them. I sold half of my holding at a 100% profit to cover my outlay. Thats one thing that I would consider doing. I wont sell AOE either. You trade differently thats all.

I have held some stocks such as Bannerman and they are now showing an 800% return. I like to pick a good one and leave it. I cant trade. If I stuck to grabbing a 25% profit on my stocks my fund wouldnt be where it is atm.
 
I'm only a small player in the market. Maybe when i have 200 k+ in there I would put more money into a stock and grab those 25% gains. ATM though im still building my fund up.

This one has a chance to double. Thats why I got in. If it goes down..then I'll lose a bit.
 
Chris.

I have underestimated you!!
Some great holds there.

Not so different.I guess its the profit taking of outlier moves that maybe different.(Thats what I tend to do),but Im quick to take stops slow to take exits and quick to take shock moves.
 
Ive done alright. I'm still learning.

Im not saying ive only made profits. When the market got smacked I sold 10,000 Fox Resources at 65 cents..was in at 85. When you look at the fundmentals of the company I have no reason why I sold. Lost a little bit there. I got caught up in the hype of the sellouts.

ATM PMH is purely speculative..but speculation is what drives the price of a lot of companies. This one has a long way to go to get to the production stage.

They are still drilling though and if they find higher grades the SP will get driven up. Ill still keep my stop loss in place though. Could fall back. Another 5 million shares traded in the low 40's though. If it ever did fall back to the low 30's a lot are losing including me.
 
I think -PMH- might drink you guys under the table?
You may notice that the Accumulation Distribution may well be the stocks downfall, in overwords a bit of a longneck. (a1 hit wonder)?
But i'm sure you guys know the fundermentals of this one. And its just my opinion!
 

Attachments

  • pmh_ax31aug06_to_10oct06.png
    pmh_ax31aug06_to_10oct06.png
    10.7 KB · Views: 62
Well guys, I managed to pull pin yesterday. Got out at 43c, made 60% on a small punt so that'll do me.

Good luck to all holders.
 
donjohnson said:
Well guys, I managed to pull pin yesterday. Got out at 43c, made 60% on a small punt so that'll do me.

Good luck to all holders.
Click to expand...

Well Done Don,

You could always buy back in when she starts moving north again, for the small costs of brokerage...

How did you get on with your srn no, or did you get a broker to sell for you...

Cheers
SevenFX
 
Yep, might get back in this week if she starts another run.

I actually ended up finding out I could use a special code (12a) to bypass the SRN number on the online ordering system.

Apparently you have 10 working days within which to use this code. After the 10 days elapses you need the SRN.

You would of thought that would have been an easy thing to find out, however it took me 10 emails and 2 phone calls to get it out of them.

Anyway, lesson for the future.

Cheers.
 
The announcement made and progression in their project seems pretty positive IMO. Not one negative word was said by the press. It will go up. Still cheap. Speculative yes..great potential yes.
 
You seem to be getting a bit of a run.
will be interesting to see if selling pressure arives OR wether the species are out after the blow off and new investors/speculators in.
Early days.
 

Similar threads

System
MMA - Maronan Metals
Replies
9
Views
2K
finicky
finicky
System
KOB - Koba Resources
Replies
7
Views
3K
noirua
noirua
System
AW1 - American West Metals
Replies
18
Views
4K
peter2
peter2
System
AR1 - Austral Resources Australia
2
Replies
27
Views
6K
Dona Ferentes
Dona Ferentes
System
EMS - Eastern Metals
Replies
3
Views
1K
Dona Ferentes
Dona Ferentes
Top