SDV - SciDev Limited

[Sean K]

Kennas, whats your take on that gap? You think it will get filled in the next 4 weeks? Maybe consolidation will fill it. Retracements can quite often return to the level of the original breakout before moving much higher.

Yours or anyone elses thoughts?

Cheers,

Maybe CC. It should not have run this hard today IMO. Day traders are pushing things too hard. It will come back in line to some degree. Maybe.

I did originally have a sell price set at $0.25, but I might just wait till Monday to see how it goes. I didn't expect this! It might get some media over the weekend which might give it a boost Monday.

 

[KIWIKARLOS]

so im not the only person thinking of holding this one for more than 5 minutes?

i was planning to hold on for at least a few weeks to see if the trend continues. What are the opinions of other non day traders.

 

[ALFguy]

Agree, ran far too hard today, jumped out at 27.5 for a happy profit.
Expect it to come down over the next week or so, where I'll jump in again.

Still learning, but getting the hang of basic charting and reading sentiment.
One thing for sure, emotions are out and I've stopped being greedy

 

[chris1983]

so im not the only person thinking of holding this one for more than 5 minutes?

i was planning to hold on for at least a few weeks to see if the trend continues. What are the opinions of other non day traders.

People wont just stop buying this stock. Fundamentals point up. Its producing now...zinc is hot atm. I like buying stocks early that look to be companies in the making...this is one of those companies.

 

[toc_bat]

Agree, ran far too hard today, jumped out at 27.5 for a happy profit.

How come when a stock like WMT (ok i know its an extreme example but there are similar others) goes uo 75% on day one and then 53% on day two, you more knowlegable guys think that INL ´s 23% run is too fast? Doesnt it make more sense for a confirmed producer to run harder than a potential producer?

... while im at it : "Kennas, whats your take on that gap? You think it will get filled " ...... "Highly unlikely---so now you can watch it fill." ........ what gap? filled? U guys reccomend a good to read so I can understand the jargon?

 

[juddy]

plenty of charting stuff online Toc, no need to waste money on books until you have a grasp on the basics.

 

[Broadside]

so im not the only person thinking of holding this one for more than 5 minutes?

i was planning to hold on for at least a few weeks to see if the trend continues. What are the opinions of other non day traders.

hold it for 2-3 years if you want some really decent gains, my opinion

 

[CanOz]

How come when a stock like WMT (ok i know its an extreme example but there are similar others) goes uo 75% on day one and then 53% on day two, you more knowlegable guys think that INL ´s 23% run is too fast? Doesnt it make more sense for a confirmed producer to run harder than a potential producer?

... while im at it : "Kennas, whats your take on that gap? You think it will get filled " ...... "Highly unlikely---so now you can watch it fill." ........ what gap? filled? U guys reccomend a good to read so I can understand the jargon?

Here you go mate!

http://www.stockcharts.com/education/ChartAnalysis/GapsandGapAnalysis.html

 

[toc_bat]

plenty of charting stuff online Toc, no need to waste money on books until you have a grasp on the basics.

yeh but books are so much nicer to interact with,

 

[CanOz]

hold it for 2-3 years if you want some really decent gains, my opinion

Is there some fundemental reason for this? What is the possible value of this stock?

 

[juddy]

yeh but books are so much nicer to interact with,

yes you are right, but it is difficult to find one that gives you all the basics. They usually are devoted to only one aspect of TA.

 

[Broadside]

Is there some fundemental reason for this? What is the possible value of this stock?

so they can license out the tech, get some serious royalties happening, I don't think that will be overnight, anyway this is just speculation on my part, it will be a nice climb in the meantime, but may take 2-3 years to truly realise its potential if it can stay independent

 

[Sean K]

How come when a stock like WMT (ok i know its an extreme example but there are similar others) goes uo 75% on day one and then 53% on day two, you more knowlegable guys think that INL ´s 23% run is too fast? Doesnt it make more sense for a confirmed producer to run harder than a potential producer?

... while im at it : "Kennas, whats your take on that gap? You think it will get filled " ...... "Highly unlikely---so now you can watch it fill." ........ what gap? filled? U guys reccomend a good to read so I can understand the jargon?

TB, Gap up or down is just a leap in the price from opening. There will be a 'gap' from its last close to the next open. Techically, this gap needs to be filled sometime down the track.

Gap Gaps form when opening price movements create a blank spot on the chart. This occurs when the high of the day is below the low of the previous day or when the low of the day is above the high of the previous day. Gaps are especially significant when accompanied by an increase in volume.

Gap - Breakaway Breakaway gaps signal a potential change in trend and are especially significant when accompanied by an increase in volume. A bullish breakaway gap forms when a security gaps up after an extended decline. Bullish breakaway gaps can also occur after an extended base or consolidation period. A bearish breakaway gap forms when a security gaps down after an extended advance. Bearish breakaway gaps can also form after an extended top or consolidation period.

Gap - Common Common gaps occur within a trading range or shortly after a sharp move as a reaction. These gaps do not signify the beginning or continuation of a move, but rather represent anomalies. For instance, if a security has declined 20% in a week and gaps up, it would be considered a common gap and not likely to signify a change in trend. Or, if a trading range develops between 20 and 30, and a gap forms in the middle, it is probably a common gap.

Gap - Continuation A continuation gap forms in the middle of a move and in the same direction as the current move. These gaps signal a continuation of the preceding trend and can mark good entry points. After a short or intermediate advance, a continuation up gap is usually considered bullish and signals a renewal of the uptrend. After a short or intermediate decline, a continuation down gap is usually considered bearish and signals a renewal of the downtrend. This gap is also called a measuring or runaway gap.

Gap - Exhaustion After an extended or long move, a gap in the direction of the current move is called an exhaustion gap. For an exhaustion gap to be considered valid, prices should reverse soon after the gap and close the gap. After an extended decline, a gap down could signal that the downtrend is about to exhaust itself. An exhaustion gap is confirmed when prices reverse soon afterwards and move above (or "close") the gap. After an extended advance, an exhaustion gap would be confirmed when prices reverse soon afterwards and move below the gap.

Gap - Measuring See continuation gap

Gap - Up/Down An up gap forms when a security opens above the previous period's high, remains above the previous high for the entire period and closes above it. Up gaps can form on daily, weekly or monthly charts and are generally considered bullish. A down gap forms when a security opens below the previous period's low, remains below the previous low for the entire period and closes below it. Down gaps can form on daily, weekly or monthly charts and are generally considered bearish.

 

[Porper]

Highly unlikely---so now you can watch it fill.

Don't quite understand what you mean here Tech, do you think the gap will get filled or not ?

I don't think it will, but I am probably thinking with my emotional side of the brain as I hold .

It may consolidate but it has to have a fairly big move down to fill that gap.

Finished almost on the highs the past 3 days as well.It will get press coverage over the weekend, but who knows, there are 3 chances, up, down or sideways.

 

[youngneil]

Don't quite understand what you mean here Tech, do you think the gap will get filled or not ?

I don't think it will, but I am probably thinking with my emotional side of the brain as I hold .

It may consolidate but it has to have a fairly big move down to fill that gap.

Finished almost on the highs the past 3 days as well.It will get press coverage over the weekend, but who knows, there are 3 chances, up, down or sideways.

gaps generally fill. however if the fundamentals are strong enough they prob wont.

look at AIM. everyone was harping about gap filling at 17c and then at 20c... it is unlikely this will happen?

i hope they both dont

regards

youngneil

 

[tech/a]

Don't quite understand what you mean here Tech, do you think the gap will get filled or not ?

I don't think it will, but I am probably thinking with my emotional side of the brain as I hold .

It may consolidate but it has to have a fairly big move down to fill that gap.

Finished almost on the highs the past 3 days as well.It will get press coverage over the weekend, but who knows, there are 3 chances, up, down or sideways.

Sorry.

I dont think it will fill infact Id be suprised if it even gets close.
I feel momentum is still strong and is likely to continue a little more before a pause where there will be more accumulation.It wont rise vertically forever and it wont fall like a stone either.

There is a different mentality of trader who trades Smalls,they are FULL OF EMOTION and if you can read that then you'll make a killing.

Become an expert in price action watch it and learn the emotion that drives it up AND down.

I love it.

 

[clowboy]

I almost had a heart attack when i found out i spent $500+ on brokerage this week.

But its a cost of doing business.

Just like how in any business you have bills and wages, with trading you have internet, data and brokerage.

LOL

 

[clowboy]

Gap up then a sell off.
If its a low volume sell off, then its still bullish for the remainder of next week.

Just my opinion.

Didnt want to risk holding it over the weekend. Wesptac broking the other monday decided to take half the day off!

even funnier

 

[imajica]

if the fundamentals of a stock are solid then hold it for a few years until it matures

locking in small profits and racking up brokerage merely makes e-trade wealthy and u regretting many missed opportunities to make Kongbucks

its happened to me three times in the last few months - locking in pissy profits and missing out on 10's of thousands of dollars

INL is a producer now - put these in the bottom drawer - forget about them for a year - multi-bagger for sure

 

[moses]

Sorry.

I dont think it will fill infact Id be suprised if it even gets close.
I feel momentum is still strong and is likely to continue a little more before a pause where there will be more accumulation.It wont rise vertically forever and it wont fall like a stone either.

There is a different mentality of trader who trades Smalls,they are FULL OF EMOTION and if you can read that then you'll make a killing.

Become an expert in price action watch it and learn the emotion that drives it up AND down.

I love it.

And I loved the irony of your post.

You *feel* momentum is strong, you *love* the emotion driven action; what then is the mentality of your trading practice? Rational or emotional?

Both.

You use rational chart analysis to identify the emotional cues that drive price action. If thats not best practice for short term trading, what is?