Positions updates

[Sean K]

emailed AZM last week and got a pretty positive response regarding their future. They are confident they have enough in the bank to go into 2009 and will start drilling again then.

I've locked in a capital loss containing one too many zeros but offsetting 07/08 cap gains.

I really like the future of these guys with their land bank and already have 750k oz at good grades at surface after just a year of prospecting.

Will be back in to this when there's some upward movement and the market seems to have factored all the damage in.

I would have held long term but have taken the opportunity to lock in a loss at this moment of uncertainty.

Ready to fight another day.

 

[Sean K]

Well, gold still languishing but NCM once again pushing horizontal resistance at $26 ish and a strong down trend channel. If it holds up EOD will be consider a trade, on potential break up, but may wait to see if it can use the same line as support first.

 

[Sean K]

Decided that the strength of todays push breaking up from a short term pennant through resistance might hold.

Ready to sell if it fails, or add more if the break continues.

 

[Sean K]

This is going ok. Poked it's head through $1.00 today. Might take some off the table and then wait to see if it can crack $1.00. Not much resistance between there and $1.50.

 

[Sean K]

Cripes, what a misjudgement of what this correction was going to do to IO prices and hence all these juniors.

Expensive lesson.

And also a lesson about FA and TA and it's value.

In this case TA wins I'd say.

 

[Sean K]

Thanks for the feedback WP. Would be good to get another EWer more active in this forum

Fixed up your inbox yet? Seems it was full a couple of weeks back and was rejecting PMs

WP is permanently suspended for operating multiple multiple accounts.

Other people you may know him by are:

Machi
Kinezikens
Libba
Skyhawk
Stoner

You will not see him again.

Hopefully other wavers join in and do not need to open up additional accounts and start praising themselves.

Incidentally I wonder how many people other than WP saw this last top in Zinc/ZFX? Not many I bet.

KInd Regards

Machi

Hello All,

I am new to this website and this is my first post.

I have been reading into the history of this thread and some excellent ideas & posts here. I will be keenly following the comments and ideas made by wave picker.

Amongst other fine posts.

 

[MRC & Co]

Insane.

That's all I can say.

Some people just love drama I guess.

He obviously loves his trading and EW though, so hope he continues it, does well, and pulls himself together.

 

[nomore4s]

Why would you bother, that is a lot of work to make you look good to a bunch of people you probably will never meet.

 

[Sean K]

I'm back into BRM at 51.5 and waiting to buy more or sell accordingly....

LOL

 

[chops_a_must]

Reminds me of someone I met in a psych ward. : :

Ever been to South Korea Kennas?

 

[Sean K]

Not to South Korea yet, no.

Were you in a psych ward there?

lol

 

[chops_a_must]

Hahaha... no...

Can go to South Korea to work apparently. Would love to... I think...

 

[Sean K]

You guys might remember my last post to 'stoner' in the XAO thread after he was calling a major bottom, which turned out not to be a bottom, and then I got this in my PMs:

I guess you have learnt a bit of Spanish on your travels kennas because you are all of the following:

-Montania de mireda
-Iha de puta
-pahero

Which actually isn't able to be translated to Spanish.

LOL

What he was trying to say was that I was a mountain of something, a prostitutes something, and a pahero, which might be a pajero 4WD....eeek

 

[Naked shorts]

Good, I hate stoners (try living with one and you will understand).

Doesnt puta mean bitch?

Perhaps he was trying to ramp the strategy so it would become self fulfilling

 

[Garpal Gumnut]

Puta means *****.

I think Pajero is derogatory too, the Japs didn't call the 4wd Pajero in Europe.

gg

 

[Garpal Gumnut]

Sorry it doesn't mean *****.

It means prostitute , 5 letter version.

gg

 

[Sean K]

Taken a few off the table at $1.10.

 

[Sean K]

Up around 90c now but I haven't added any more on the way which was a mistake. The large candle towards the end of Dec was the signal. Oh well..

 

[Sean K]

Put a few back on the table due to the bounce off the $1.00 region.

 

[Sean K]

Cripes,

Totally lost track of where I am and posting trades. Appologies, probably linked to the crash and not wanting to say how much I've lost!

Sold out of CBA and WBC today around even. Things are looking really bad and I think I might get them back at a lower price.

Now holding:

BRM
BMN
DMM
NCM
SRL
WOW

Will sell them all if key support is broken.

Day trading is going as usual, CRAP! I have no clue whatsoever. I hit buy and the price goes down. I hit sell, and the price goes up.

All education I suppose.....

Must post all my trades as a contra indicator for you guys!