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PMH - Pacmag Metals

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true.. i was daytrader myself
but now, i change my habit a bit
 
tech/a said:
Hmm little support.

Could be a while realist.
Click to expand...

hmm...little support because someone sold out at the end of trade? Little support with over 10 million shares traded above 45 cents?

Can you explain..Buyers stemmed off towards the afternoon but they traded steadily around 47 - 48 and held firm for the entire days trade.

If the DOW doesnt get smacked tonight I think they will continue to rise.
 
If you dilute for options there's > 160 million shares on issue. You might be able to take 13 mill off that number for the nov options if they finish out of the money.

johnmwu3 - if you're going to lift text from other locations you should mention where you got it from.
 
i was hoping it stay at 47.5c
but that seller sold at low price
what a discount
anyway, let see what tmrw brings
 
Lets hope the message to be released tomorrow morning is good.

" Sydney - Tuesday - October 10: (RWE Australian Business News) - Giralia Resources NL (ASX code: GIR), in response to a stock exchange query over a rise in its share price from 29c on Tuesday October 3 to 37c at the close today, has attributed the rise to an announcement by PacMag Metals Ltd (ASX code: PMH) on October 5 regarding an initial copper resource estimate for the Ann Mason deposit.

Giralia holds an interest of about 10 per cent in PacMag. "The company has been informed that PMH intends to make a further (unrelated) release before the commencement of trade tomorrow (11 October 2006) regarding an update on exploration activities which will include results from the Olary project in South Australia, a joint venture with Giralia," director Mr Michael Joyce said.

PacMag shares closed up 4.5c at 46.5c after touching 51c today. The stock has risen from 18.5c a week ago. ENDS"
 
tech/a said:
Hmm little support.

Could be a while realist.
Click to expand...

Tech you've been negative about PMH all along this thread.

Telling us "this is exactly the way not to trade", yet today you say you potentially would have got in at 46.5 when it hit 51c.

But it was too quick...

Your negative comments are no help to anyone, you've been proven wrong on this thread more than once, already!

No support!
Click to expand...
Ha, over 10,000,000 shares were traded today, the price at one stage was up over 20%, there is huge support!

Stop being so negative, your just making yourself look silly.

PMH does have potential despite what you say, I got in at reasonable prices despite what you say, holding was smarter than selling in low 40's despite what you say, there is huge support despite what you say, and tomorrow has the potential to be great despite what you say.

You've not been right about 1 thing yet! I have!!!
 

Holly cow, it could fly tomorrow!
 
Hey realist, I agree

Damn, I sold out already
I have made so much money the last 3 days on PMH and MOX, it's crazy, my luck has to come to an end soon.

Maybe...

If you didn't hold, would you tempt trading, or late entering PMH in the morning...?
 
Pharoah,

You had MOX? Welldone. I saw that yesterday and could see the rise building..I couldnt bring myself to get any. Great rise today. You would be happy

Well I hope PMH put out a positive announcement. It sais that they "intend" to. So we know there is definately an annoucement coming..hopefully it does come tomorrow..keep the momentum going.
 
 
Well looks like the drinks are on -PMH- UP agian today, and by the size of that long neck, I don't blame ya's for sculling, and you really wouldn,t be sellin all your eggs and trophy's until you think it went legless and hit the floor.

its payed back any losses, but it is certianly early days and it sounds/seems like your got your hands on a winner?
Fast'in your seat belts.
 

Yeah why not buy a few, the upside potential is huge, the downsize limited.

You gotta be in to win.

I'd see what happens on open, if it is slow then buy some, if it storms up don't - just watch and wait.

Anything under 50c is good.
 
realist have you actually made any money out of this stock yet? As far as I can tell you're either marginally profitable or at a mild loss at the moment. We don't know what tomorrow will bring.

Could you also explain why you think this is/was a good buy? You read three lines from the MD of a company that said "its really good and worth a lot" - gee thats an unusual thing for an MD to say - I'd buy every stock that ever made an announcement with that approach.

Just out of curiousity, since you're so focused on fundamentals, when you did your valuation model on this stock, what mine startup capex did you estimate for this resource?
 
This has been an interesting thread to watch over the last few of days. There are others in a similar vein, reliant on hope, wishful thinking and too much emotion based trading.

Just trading on a sentiment based indicator and scalping the emotions in itself would have been profitable over the last couple of days.

There appears to be more hope and wishful thinking rather than solid analysis in a whole range of posts.

One thing traders like about investors is that they bring money into the markets and we don't mind taking it off them. But, by the same token we don't like seeing people lose money unnecessarily or putting too much at risk.

PMH may or may not fly today, tomorrow or next week or maybe it will who knows.

Think about the basis (why have you purchased this share?) for your trade/investment, be wise and keep the emotions under control.

For those who have bought it good luck, hope it works out for you. There are quite a few stocks moving positively at the moment, just try not to get caught on a spike.

Cheers.

Give some thought to Cuttlefish's post as well.
 
btw in my previous post I wasn't offering an opinion one way or another about this stock - just questioning the extent of realists fundamental analysis. Also for someone that 'never sells' he seems to focus a lot on price action rather than future income.
 


Cuttlefish, no-one can make a good ascertation of the exact value of PMH.

They've yet to make a dime, this is not a case of fundamental analysis.

This is a case of would you buy into a $40M company that has after over 12 months of research recently discovered an inferred resource of $33B of copper in a good position in Nevada?

I answered YES!

I may lose money, it is a risk, but the simple fact that this company was worth $40M 5 months ago before it knew of this amazing news, I believe the market has under-reacted so far. So I bought quite a few shares, and I will not be swayed by initial market sentiment, however I will watch closey because I enjoy watching!

Please advise why you yourself who bought CQT, does not think PMH is a better investment - it is cheaper than CQT afterall and the resource is massively higher!
 
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