SEK - Seek Limited

[nomore4s]

This one formed a flag pattern and today looks like it is ready to move again after some obvious profit taking, which was easily sucked up by demand. By the looks of the candle today, perhaps that is the last of the sellers and it's now time for a decent move.....closing above the previous high of the flag of 5.59 (closed at 5.60).

I would expect to see a strong day tomorrow and perhaps a bit longer run this time!

Anyone else get on SEK (or perhaps still shorting), or have any thoughts?

I got on today based on the strength now showing after the last run up seems to have some support @ $5.35 - $5.40, now to see if it can break $6.00. Will see where it takes us.

 

[MRC & Co]

I got on today based on the strength now showing after the last run up seems to have some support @ $5.35 - $5.40, now to see if it can break $6.00. Will see where it takes us.

Absolutely! This one looks very powerful to me, volume is staggering! Unprecedented for SEK as I mentioned earlier.

No real strong resistance overhead either. See what tomorrow holds. SDG is my other at the moment, broke out today, with the background leading upto this breakout looking picture perfect to me.

 

[mark_au]

Hi guys

Seek has always been a good performer and id like to get some more, however im thinking that with the economy going soft and companies slowing their hiring process or even laying people off, perhaps there is a bit to get yet before they hit the bottom ???
Thoughts ????

 

[Lachlan6]

SEK has been one of the hardest hit in the market since almost reaching $9.50 last year. I have counted the stock to be in the wave 3 of the larger wave (5). I would expect any wave 4 bounce should fail around the $4.50 level. This has got quite a while before having any sign of bottoming in my opinion and once we do get the completion of the five wave impulse to the downside, don't expect a new trend higher but just a correctionary bounce.

 

[adamwu]

Hi Lachlan6,

In a short term is there a chance a bounce can send SEK back to $4.00~$4.20 area? It is hard to believe a company with so good revenue last year will receive so bad stock price performance.

 

[rryall]

Been a while since anyone talked about this stock. I understand with unemployment on the rise this will hurt SEK, however considering they have virtually no debt (which I believe is very important in todays market) that it has good long term prospects.

Bought in at just over $2.5 a couple of months ago. Would appreciate any advice as I am quite new to the stock market.

 

[Pivotonian]

Bought in at just over $2.5 a couple of months ago. Would appreciate any advice as I am quite new to the stock market.

I hope you held through the first half of this year ... :

SEK has recovered to $6.70 now, with a nice little uptick over the past couple of days thanks to very nice employment numbers.

 

[Vdubz]

Been a while since anyone talked about this stock. I understand with unemployment on the rise this will hurt SEK, however considering they have virtually no debt (which I believe is very important in todays market) that it has good long term prospects.

Bought in at just over $2.5 a couple of months ago. Would appreciate any advice as I am quite new to the stock market.

I'd hold for the moment Rryall. Done well so far. My charts show that Seek's still got some run yet.

 

[Boggo]

My charts show that Seek's still got some run yet.

I agree, one of the most consistent mid priced stocks since March, doesn't seem to get too fazed by negative periods of market activity.

(click to expand)

 

[Supra]

One company that has had a great year.

The rights issue earlier in the year has made holders over 160%

Jamie Packer selling his huge holding to try to do battle with Kerry Stokes, must be hurting now. The SP has not looked back since Jamie sold his shares.
I wonder what Kerry would have done in the same circumstances?
I know he would not have liquidated the SEK shares to get the war chest to fight Kerry Stokes!:homer:

SEK is one company I like, especially if the economy is going to continue to improve, SEK will do the same

 

[Supra]

Been a while since anyone talked about this stock. I understand with unemployment on the rise this will hurt SEK, however considering they have virtually no debt (which I believe is very important in todays market) that it has good long term prospects.

Bought in at just over $2.5 a couple of months ago. Would appreciate any advice as I am quite new to the stock market.

Well done Rryall!

You have made over 160% this year. A great buy at the right time

I hope you are still holding, as I think there will be some more in SEK next year.

 

[rryall]

Thanks guys! I even bought another parcel @ $2.60 earlier this year for the capital raising. I still hold both parcels. Cheers.

 

[Muschu]

After a fabulous run SEK turned back quite a bit today... Just taking a breather or am I missing something.

I would be interested in your views.

Thanks

Rick

 

[tinhat]

After a fabulous run SEK turned back quite a bit today... Just taking a breather or am I missing something.

I would be interested in your views.

Thanks

Rick

It didn't even get close to touching its 10 day moving average. That said, I have no idea which way it is going to go. Seems priced for perfection with regards to forward earnings growth forecasts.

 

[Muschu]

It didn't even get close to touching its 10 day moving average. That said, I have no idea which way it is going to go. Seems priced for perfection with regards to forward earnings growth forecasts.

Thanks TH. just heard a discussion on Sky suggesting that the fall may be due to some selling by directors. Can't say I blame them when you look at the growth over recent years.
Seek is so dominant in this space. Career One is minuscule in comparison.
Perhaps InsideTrak.com.au, in which I declare an interest (but not a financial one and it is not a listed company anyway) will add something to this sector.

For myself I really don't bother if Directors sell a small portion of their ownership.

I'm well up on Seek and see no reason to sell.

Thanks for your comment. No crystal ball here either.

Regards

Rick

 

[Country Lad]

For myself I really don't bother if Directors sell a small portion of their ownership.

CEO Andrew Bassat sold 750,000 at $9.90. Ostensibly to pay tax and to pay future exercise of options.

Cheers
Country Lad

 

[heathlancaster]

reading alot of positive articles about seek. looks like a company with massive growth potential.

 

[piggybank]

reading alot of positive articles about seek. looks like a company with massive growth potential.

Hi Healthlancaster,

When you posted your last post on this thread (July 5th - this year) the stock closed at $9.55. Today it reached an ATH (All Time High) of $13.50 before closing at $13.24. So it appears what you said of its growth potential as being true. However, I pressume you didn't buy any stock since then though?

 

[CanOz]

Thumbs up to Seek, its a great site and has been indispensable for me in my Australian job quest!

 

[piggybank]

Thumbs up to Seek, its a great site and has been indispensable for me in my Australian job quest!

It is about the best job-site going around here in Australia but having tried to get a job from it in the past 10 months it didn't work for me. But next year is a New Year and I'm going to do a Cert III in a completely different field so hopefully my luck will change on completion of the course.