SDV - SciDev Limited

[KIWIKARLOS]

Totally agree TA

I was in a couple of stocks POH and MAE, had a good initial gain on POH then bought in more . price went down and i was sitting there about even with money tied up in a stock thatss going nothwhere for a while. I sold them all off.

Now im having the same prob with MAE its had some big spikes but then retracted and is going sideways. If another spike comes along ill prob sell up.

It's definitly a better feeling sitting on a stock with an upward trend

 

[Sean K]

funny how speculative stocks seem so much more attractive to most people, but then thats why they do, self fullfilling reallyso this one may just sit between 23-27c for a month now, eh? goodness me, im off to bed then

Yes, you're not making a whole lotta sence there TB.

Did you see my post on the probably anns. You have to wait till Jan, so get some rest!

 

[toc_bat]

kennas

i was just trying to be philosophical, in that when a speccie anns that we have drilled and we have some good stuff, the price goes crazy, but it could be ages before that stuff sees the light of day, but when INL says hey were in the game now, market says ho hum, i understand about the leverage with speccies so i guess it makes sense, anyway inl is surging back to opening price, so i ought to go to bed, but simon caldwell is about to spin up the vinyl on 2ser, choices, choices,

 

[Freeballinginawetsuit]

Good support shown for INL today, large parcels being snapped up at weakness and buyers winning the tussle. .
Seems that theirs fundamental support for this one and value investors are keen to hold.

 

[imajica]

looks like the bottom was hit and its turning

 

[wizz]

Between myself and a friend we now own 1% of this joint at an ave of 16c

Bought another 100k today - can't believe the sellers in the face of higher zinc prices, managements consistent track record of beating targets and the complete absense of value in the shares of the real nuggest - the technology

Either I've got it totally wrong or I'll be laughing after the Jan prod announcement

Hope it's the later cause I've run out of credit

 

[imajica]

nice one! you have made a sound investment! wish I had that kind of cash...

ah well I'm happy with my parcel

good luck to all holders = should be an exciting next few months

 

[nizar]

I wouldn't say i was hoping or guessing for an ann with INL. I'm sure there will be a good ann, maybe in a week maybe in 3 months. But it will happen.

And how is it you know that this announcement will move the share price?

OK let me explain something from my experience in the markets.
Its very hard to determine what news will move the share price. I know this because i used to do plenty of fundamental research. I dont anymore.

Let me give some examples to back up my statement that its very hard to determine what news will move the share price.

Sometimes a positive broker report makes a share price go through the roof eg. Hargreave Hale on OMC made it go from 40c to 90c in a month. Other times the share price reverses on positive broker reports. eg. How many $32-38 broker price targets are there on BHP?

Other times a company merely does a name change to uranium and the share price triples in one day eg. URA. Other times a company actually announces a JORC resource estimate and the share price does nothing. eg. EVE. Other times just speculation of a JORC and we have a rocket eg. AGS.

Sometimes a company announces record profits, and the share price actually drops eg. BHP.

So while its hard to determine which news will affect the share price, there is one thing which is clear, we only make money when the share price goes up.

The solution, its what tech/a said previously, trade the price action.

 

[moses]

INL is a neat stock, but EDE is even better!

I have both, just wish my ratio favoured EDE which has risen 65% since I bought it (thank you Tech/A) a week or so ago.

 

[Freeballinginawetsuit]

And how is it you know that this announcement will move the share price?

OK let me explain something from my experience in the markets.
Its very hard to determine what news will move the share price. I know this because i used to do plenty of fundamental research. I dont anymore.
Let me give some examples to back up my statement that its very hard to determine what news will move the share price.

Sometimes a positive broker report makes a share price go through the roof eg. Hargreave Hale on OMC made it go from 40c to 90c in a month. Other times the share price reverses on positive broker reports. eg. How many $32-38 broker price targets are there on BHP?

Other times a company merely does a name change to uranium and the share price triples in one day eg. URA. Other times a company actually announces a JORC resource estimate and the share price does nothing. eg. EVE. Other times just speculation of a JORC and we have a rocket eg. AGS.

Sometimes a company announces record profits, and the share price actually drops eg. BHP.

So while its hard to determine which news will affect the share price, there is one thing which is clear, we only make money when the share price goes up.

The solution, its what tech/a said previously, trade the price action.

Nizar,

Trading is about price action and volume, Agreed. You seem to be immune to the fact that their are many styles of trading. The way you seem to trade is fine, but it is not with out risk and IMO in the market we are currently in, their are other definitve ways of trading that in the end substantially outperform youre method.

Each to their own Nizar, but youre view of trading by T/A etc with 'no fundamental resarch' is about as reasonable a punt, as someone who is trading on current value as opposed to future SP returns.

INL has traders and fundy holders in it at the moment. Its SP has gone up for fundamental reasons and the traders are in their picking on the scraps (who wouldn't) and their SP will keep going up as INL deliver on the goods. Personally I think their a sound pick on weakness and that was evidenced in today's trading.

 

[tech/a]

Nothing wrong with a longterm view.
If my Elliot count is right this is a wave 4 corrective phase.
This will lead to a wave 5 above the current high followed
by a larger pattern which I wont confuse those watching with.

ANYWAY SOME TECHNICALS.

 

[Sean K]

Nothing wrong with a longterm view.
If my Elliot count is right this is a wave 4 corrective phase.
This will lead to a wave 5 above the current high followed
by a larger pattern which I wont confuse those watching with.

ANYWAY SOME TECHNICALS.

Tech, Does EW work effectively over such a short time period? I have had the impression that it works more reliably over longer periods of analysis. The shorter the time period the less fidelity. Or, in your experience, it can be applied at all times? Cheers.

 

[nizar]

Trading is about price action and volume, Agreed. You seem to be immune to the fact that their are many styles of trading. The way you seem to trade is fine, but it is not with out risk and IMO in the market we are currently in, their are other definitve ways of trading that in the end substantially outperform youre method.

And remind me again how you know this?
THis claim cannot be substantiated and as such should not be made.
I dont want to get into an argument about who makes the most money. That wasnt the point of my post. I was just sharing my experience.

But please, if there are methods that substantially outperform mine, feel free to PM me, in fact please do, im more than happy to learn methods that will earn me substantially more.

 

[nizar]

Nizar,

Trading is about price action and volume, Agreed. You seem to be immune to the fact that their are many styles of trading. The way you seem to trade is fine, but it is not with out risk and IMO in the market we are currently in, their are other definitve ways of trading that in the end substantially outperform youre method.

Each to their own Nizar, but youre view of trading by T/A etc with 'no fundamental resarch' is about as reasonable a punt, as someone who is trading on current value as opposed to future SP returns.

INL has traders and fundy holders in it at the moment. Its SP has gone up for fundamental reasons and the traders are in their picking on the scraps (who wouldn't) and their SP will keep going up as INL deliver on the goods. Personally I think their a sound pick on weakness and that was evidenced in today's trading.

Trading on current value ey?
Ah yes, that sure works, because cheap stocks never get cheaper, and expensive stocks never get more expensive! :

 

[stoxclimber]

Trading on current value ey?
Ah yes, that sure works, because cheap stocks never get cheaper, and expensive stocks never get more expensive! :

Your claims that one should be trading the price action is based on the assumption that one can accurately predict the price action, sufficiently so to make money. Your argument that cheap stocks get cheaper therefore one shouldn't trade fundamentals is pretty strange - as stocks with good technicals can get cheaper too..even your mentor, tech/a, has professed to a 60% loss record (from memory). Just because the winnings outweigh the losses doesn't defeat that argument.

IF one can accurately predict price movements, then 'trading the price action' may be the way to go. However, that one can predict price movements is a controversial statement and many finance theorists would disagree with this. Technical analysis is very subjective so it is difficult to make broad sweeping statements. There are undoubtably some traders who use it successfully, and some traders who do not.

Fundamental investing, provided your analysis of the fundamentals are correct and no unforseen circumstances arise, is guaranteed to make you money. Even if the share price depreciates you can just wait for the dividends - although one may expect that eventually the firm would be taken over etc. and you wouldn't have to wait that long.

Trading price action is not guaranteed to make you money.

 

[Sean K]

Damn, I just got all excitied because someone had written something new on INL, but alas.....

 

[stoxclimber]

Sorry kennas, but nothing much to talk about atm re INL=)

 

[imajica]

anytime we get a bit of momentum on the buy side a seller dumps more than half a million shares - spooking the market - lemmings soon follow and then its hard to build that momentum again

 

[tech/a]

Tech, Does EW work effectively over such a short time period? I have had the impression that it works more reliably over longer periods of analysis. The shorter the time period the less fidelity. Or, in your experience, it can be applied at all times? Cheers.

Funnily enough I asked Radge the very same question only yesterday.

His view is similar to mine in that very small timeframes IE tick or up to 5 min charts tend to be harder to work with. I put it down to noise (Meaning general movement from short based support resistance levels which tend to have less impact than those in longer timeframes.).

Steidlmayer prefers 30 min and I believe 15 min charts to produce Market
Profile. I suspect that these timeframes would be more reliable. as time goes by I'll trial a few counts and see if they are obvious.

 

[constable]

Can someone tell me have "they" finished capping this stock yet ? lol The big boys should be snapping this up any second now!