Australian (ASX) Stock Market Forum

RMG - RMG Limited

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Rafa said:
well done greggy,
i'm still holding, have only a 1/10th of what you have, so there's no point selling!

maybe if it hits 20c...
haha
NOTE: this is not a price target!

Looking forward to see what the company is going to get into...
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I'm happy with that price target Rafa. LOL :)

This is pure spec @rse pluck for me, and if I lose my socks then stiff. Actually, might be a pair of jocks...

I think traders jumped in today to push it up. I do not actually want this because a day trading bubble will burst. I want to hold this until they ann that they have bought a nice portaloo business somewhere in the Gawler Craton near OD, or in the Curnamona region bewteen Beverley, Honeymoon, Oban, and Mt Gee. Fingers crossed. Golly, I might as well have taken my $$ down to Crown.....:eek:

As far as price targets go, I wonder how you project that for a company that has nothing but debts? Ha! :)
 
Yeah, what it gets into is what will drive the share price...
i really don't know why its gone up, and like you, am non plussed at its recent run.

what i'm looking for is the annoucement.... and with all the miners that are going to be flocking to the Gawler Craton, they are going to need a hell of a lot of portaloos!

its an annoucement of what they are getting into that will really get this moving... similar to WMT i guess which moved from 2 cents to 6-8cents once the U word was dropped, and has since kept goin... :D

i am happy to wait it out....
 
Dunno and don't care when the annoucement comes out
only have 5k in this stock, so its not like i need to sell it in a hurry.

As Kennas said, we might as well be at casino and betting 5k on a number in roulette!

if it hits, well and good, if it doesn't... well...
 
RMG has had an interesting 2 days.

The dragon fly doji followed by almost a hammer. All time high close, all time high during day.

Dragon Fly Doji:

The Psychology
In a downtrend or within a pullback of an uptrend, a sharp intraday sell-off is followed by a reversal which causes the stock to close at its opening price near the day’s high. This hints at the possibility of a reversal. Bulls most likely were shaken out by the intraday weakness, and shorts start getting a little worried with the bounce. A strong following day on solid volume is needed to confirm the pattern.
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Just a probability, but sets up well for tomorrows open. Of course, anything could and will happen. :)

(holding - tossing for heads ;) )
 

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The last candle finished higher than expected. Not a hammer, so less bullish to me. Nonetheless a pretty good set up for tomorrow. Up 44% however in the past 2 weeks, so it might be getting toppy (at 2.6 cents LOL:) ).

MACD divergence a bit sharp, but not overbought on stochs. Volume still great. 2 cents could be a floor at this point without bad news or market crash.

Having said that, I'm not sure TA works on stocks like this. Not sufficient psychological clitical mass perhaps, and therefore less fidelity. (don't ask me what that means ;) )
 

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timelord said:
Why? Have bought some shares but why the movement?:confused:
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Probably day traders jumping on some volume and tech breakout. Don't question Mr Market too much! LOL

If not day traders, people in the know, or punters taking a punt that they're picking up some uranium leases.
 
Todays chart review. Started well as expected and moved to 3 cents on just a few trades. My interpretation on this was possibly newish day traders jumping on momentum (might have been me ;) ) and chasing the price up ahead of itself. Three very good days IMO. (well, 30 ish % must be VG) Must be ready for some profit taking. I hope ASF aren't chasing this up. :cautious:
 

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kennas said:
Todays chart review. Started well as expected and moved to 3 cents on just a few trades. My interpretation on this was possibly newish day traders jumping on momentum (might have been me ;) ) and chasing the price up ahead of itself. Three very good days IMO. (well, 30 ish % must be VG) Must be ready for some profit taking. I hope ASF aren't chasing this up. :cautious:
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hey kennas wasnt me chasing it today i missed out on getting on this one :(

not to worry i jumped on AGY last week :)
 
I think the biggest indicator is the huge spike in volume. Dont know if thats just day traders jumping on or an indicator of an impending announcement. Jumped on this a few weeks ago at 1.8 cents so looking good already hopefully more to come.;)
 
No longer in this one, but going by both its huge volume and increased share price of late, things seem to be looking good for this one. As YT has mentioned, in buying this stock you're backing its management and its certainly top notch in terms of delivering share price appreciation. Since its recent meeting the share price has really taken off. | would like to have been a fly on the wall after the meeting to find out what was going on. I regret having sold out early, but there again you don't go broke taking a reasonable profit. Good luck to existing shareholders.
DYOR
 
kennas said:
Todays chart review. Started well as expected and moved to 3 cents on just a few trades. My interpretation on this was possibly newish day traders jumping on momentum (might have been me ;) ) and chasing the price up ahead of itself. Three very good days IMO. (well, 30 ish % must be VG) Must be ready for some profit taking. I hope ASF aren't chasing this up. :cautious:
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Hmmm? What to do with a company thats just had a good 2 weeks on no news at all.

These levels cannot be sustained with out an ann. Also I have seen nothing to suggest an ann soon except rumor. :confused:

I'm taking a punt on a retrace so tomorrow i'll be out, take profits again possibly around 2.7 cents... last week I sold at 2.4 cents and got back in at 2.1 cents.... Hope to get in on the retrace at 2.1 - 2.2 cents eh?
 
Out at 3c today myself with a nice little 10g profit from a company with no assets or projects. If it heads back to 2c I'll be waiting.
 
kevro said:
Out at 3c today myself with a nice little 10g profit from a company with no assets or projects. If it heads back to 2c I'll be waiting.
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Lucky guy,
Of late work has me training, learning of the changes to super legislation the govt made to win this election. So I'm not at my desk to trade :mad: The bastards!

Lately I've been trading some spreads guesstimating entry and exits. And done pretty well, good experience for me.
 
This is going to get a speeding ticket unless it releases some info soon, which will probably result in a "we no nuting' response followed by sp pullback unfortunately. Unless, of course, this action doesn mean an ann is imminent. Well done to those on it. Thanks for the heads up YT!
 
kennas said:
This is going to get a speeding ticket unless it releases some info soon, which will probably result in a "we no nuting' response followed by sp pullback unfortunately. Unless, of course, this action doesn mean an ann is imminent. Well done to those on it. Thanks for the heads up YT!
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Yes once again a big thank you to YT super stuff that! Are you still in kennas? If so do you think you will pull out soon or just go for the ride. I intend to run with the bulls on this one.
 
mickqld said:
Yes once again a big thank you to YT super stuff that! Are you still in kennas? If so do you think you will pull out soon or just go for the ride. I intend to run with the bulls on this one.
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I'm holding till $10.00. LOL:D No, I've got no idea what I'm doing with this. :eek: Would be silly not to take profits at some stage and go free carried. (Almost there now.) Might depend on how much you have in it I suppose. I haven't made a big comittment to this relatively, so if I lose my shirt down the track it won't matter. On the other hand, if I'd put 100K on it, then I'd definately be taking some out! So, relative to your situation I'd say. And your risk tolerence.

Note: $10, wasn't a price target. :) ;)
 
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