Positions updates

[basilio]

Hard to see anything good isn't it?

My belief is that energy stocks and in particular oil will be essential products whatever happens. With the looming decline in almost all world oil fields this issue will become critical.

I'm chasing LNC because i think Peter Bond is a real goer and the basic story of turning cheap cola into valuable diesel is a winner.

CNX has the same technology and is turning it into different products. Should also be a winner but not as imaginative or hard driving as Peter Bond. Mind you CNX is still getting slaughtered in the middle of a successful tril of its plant!!

 

[Sean K]

Eeeek, hit what I thought was an approximate bottom at 3400 ish, but the Dow is going to cause more blood today.

50% + drop. I doubt we'll ever see something like this again.

Once in a lifetime drop?

Maybe once in a life time buying opportunity coming up too?

I haven't bought anything yet as the momentum is just so great, and even accelerating.....

Maybe a V bottom coming up...

 

[Sean K]

Maybe bouncing off 3200 ish.

God, could keep calling these maybe's until it hits 0....

 

[Sean K]

Hmmm, interesting turn around yesterday.

Nice hammer candle.

Prospective....

 

[grace]

Hi Kennas

Have you seen Kev in town yet?....he's in Lima. (off topic I know)

Cheers Grace

 

[Sean K]

Hi Grace, No haven't seen him, but this APEC thing is a pain in the @rse. I live right in the middle of where it's been held and there's road blocks everywhere. Would you believe the Limenos have given themelves 3 days holidays for APEC? What the? Any excess to not work .....

 

[Sean K]

I've been day trading the ASX mini the past few months and gold and some very short term trading blue chips but haven't been happy or successful with any of it. Disaster really.

Made a few $ on RIO this am on the most likely oversell and have just bought a few BMN on a very short term trade depending on future movements.

Looks like a nice rounded bottom, POU has steadied, and it's poking though major resistance at 50c.

Has potential for a major move, or if it fails, it's back in the toilet, you dog!!!

 

[Miner]

did you mean POU or BMN ? Your chart shows BMN and I could not see POU in ASX.

BTW you are in the money for BMN went up 17 % today

Enjoy with RIO too

 

[Sean K]

No, I meant POU has steadied, up $5 last week. Hopefully regain $75 ish which will be very positive. On the other hand it might get crumped with all the additional U comin on in the next few years too. Hopefully demand stays high and increases as expected. Anyway, I'm ready to dump this sick puppy in an instant if it goes back under 50.

 

[Sean K]

Also looking an NCM for a trade on a break through $26 ish. Looks prospective.

Or, could short it expecting a failure at $26 I suppose...

 

[Sean K]

Hmm, BMN still running. Next major resistance around 75c. Could see that soon. Not sure if I'll hold to see, or take the money, and wait to see if 75c can be beaten...

 

[Sean K]

Big turnaround on BMN as it approached resistance. No one wants to hold this puppy for too long and people taking the opportunity to sell on a rally. Depending on how it looks Mon, I may go back under the couch.

 

[Miner]

apparently from their AGM notes on 24 Nov they are going to raise capital. IMO there were some activities which prompted the share to go up significantly between 24 and 26 Nov before falling on 27 . Probably as you said Monday/ Tuesday could. be a test casel

 

[Miner]

Sean

On another matter, did you have any chart on RMS ? YOu may refer to RMS site where we have asked your comments

Regards

 

[Miner]

Me again

I tried to look into BMN thread in ASF, Did not follow earlier one. it was informative

I also noticed that you modified some one's posting there.

Are you also a moderator like Trader Paul. Dr etc ?

Just curious
Regards

Re: BMN - Bannerman Resources
Its well over 50c now

Start of a nice upward trend IMO.

(PS, I will remember to not pad posts next time. Sorry ASF)
Last edited by kennas : 27th-November-2008 at 09:59 AM. Reason: added PS

 

[Sean K]

Yes, I'm a Mod, but Paul is not.

Mods are id by their name in big blue font.

Made a comment in the RMS thread.

Cheers.

 

[Sean K]

Sold BMN at 60.

 

[MRC & Co]

Good one Kennas!

I find day trading a whole diff ball game than normal EOD trading.

As you have probably noticed by mainly trading the ASX mini and gold, you can't rely on the same specific set-ups you can use on EOD charts (whereby you can search for great setups in an array of diff charts and stocks and get plenty of time to set levels etc).

Far more emotional I find! But good fun on it's moments, other times, it's completely aggrivating!

Volatility has been great, but it's been DAMN TOUGH to trade hey!

 

[Sean K]

Bought some SRL @ 82 as a relatively short term trade.

The news that they are in discussions to sell off their holding in Straits Asia could be a real boon.

Forgot the value of their investment for the minute but it's like twice their cirrent MC.

Best I check, LOL

 

[Sean K]

I bought WOW and WBC back a week or so ago, and bought some AOE which I've sold because I got drunk and didn't like it anymore.

Interesting action in the US today. Worst employment figures in 30 years and the market rallied.

Seems like a fvckin lot of pain is factored into the markets now, and if the US is successful in printing itself out of trouble we might reverse pretty quickly and have another 10 - 20 years of positive moves before total destruction.

So, watching carefully to add more of these blue chips.

And, watching carefully to hide behind the couch again....

:couch