Hi Nizar,nizar said:Greggy, Caliente.
See the chart i posted in the "Psychology of Investing" thread from last week post #19.
Averaging down and bottom drawer are common themes.
(Im not having a go at you at all, i wished someone had shown me this chart when i first started)
greggy said:Hi Nizar,
Perhaps, I've taken your last message the wrong way, especially when you put bottom drawer in inverted commas. I've been trading specs successfully and unsuccessfully for 27 years now. You win some and lose some. Last check for HCY was 1.6c/1.7c.
I've recently spent many hours doing research on HCY and feel that it has strong potential. THis stock tends to open up weakly and ends strongly. I hope the sceptics will be proved wrong in the end. I still rember buying 4 million VPE at 1.4c a couple of years back and everyone was knocking my purchase. I hope that this will be a similar situation.Caliente said:cheers. Every day i learn something new, especially from wiser and more experienced traders like yourself and today is no exception/.
seeing as this is the HCY thread, I might as well point out that there is a swing in momentum, since this mornings "shocker" of a start and a massive ground base of support at 0.015.
Hi Nizar,nizar said:No worries. I dont know anything about HCY. Just wanted to make point that its very dangerous to invest/trade while averaging down, because you dont know where the bottom is.
But well done, obviously 27yrs you know what your doing much more than me, and must be very successful to be trading for that long.
VPE stands for Victoria Petroleum Exploration and is listed on the ASX.toc_bat said:greggy
what is VPE? has their name changed? are they traded on a foreign exchange. I just wanna see their chart.
Hi KIWIKARLOS,KIWIKARLOS said:my mates bought into VPE a while back, doesn't seem to have much movement. I looked into their projects, seemed like alot of focus on finding oil in the cooper basin?
not sure if their is much potential in that area?
greggy said:VPE stands for Victoria Petroleum Exploration and is listed on the ASX.
HCY has around 540 million shares so its easy to get in and out of. Often a number of their announcements have a link to their website which istoc_bat said:greggy
what is VPE? has their name changed? are they traded on a foreign exchange. I just wanna see their chart.
edit: how many shares on issue in HCY? Im a newbie and my anz etrade doesnt seem to have this info on offer. How does one find out such basic stats, comapny websites? etc.
greggy said:HCY has around 540 million shares so its easy to get in and out of. Often a number of their announcements have a link to their website which is
www.halcyongroup.com.au. I have an Etrade account as well, having dumped ComSec, so its a matter on clicking News. Also, take a look at HCY's website which is very interesting. It even contains some media articles on HCY. HCY is very speculative, but the potential rewards are there.
As always, do your own research before buying/selling.
No worries. My father taught me most of what I know about the market. HCY's last sale at 1.8c.toc_bat said:hey thenks greggy, sorry bout the stupid questions, i feel like im at school again, btw i worked out the vpe vs vpeda thing, dumped comsec, wow could it be worse than etrade? etrade has been down quite a few times this week. ok, also i managed to find on etrade that market cap is 9mil, so i manged to diivde that by 1,7c. i certainly like the look of it, definitely one to stick $1000 into just in case, or more if i had more to spare. esp if they find Uranium.
btw this forum is fantastic, so many experienced users willing to help out.
Plenty of interest in HCY. Over 10 million sold, last sale 1.7c.greggy said:No worries. My father taught me most of what I know about the market. HCY's last sale at 1.8c.
greggy said:There's been a placement done for HCY at 1.3c raising around $300,000. I feel that the placement could have been done at a higher price, but atleast they've got the cash now. If the price falls a bit I'll buy some more.
As always, do your own research before buy/selling.
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