Australian (ASX) Stock Market Forum

SIR - Sirius Resources

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burglar said:
Q. How do you avoid big mistakes?
A. Experience!
Q. How do you get experience?
A. Make big mistakes!

Glad you did not say worth 70c, or even, valued at 70c

Not held since it was named Croesus (CRS)
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I think diamond drilling results are meant to be released tomorrow or Monday.. or so the rumour mills/expected time plannings are saying.

There were lots of 500k trades today. That means the big boys are trading it??

It hit the 70c wall 3 times today.. then once that was through I saw a tonne more buying.
 
Has anyone here noted, that Matsa(MAT) is claiming the Nova find straddles their boundary?


I don't yet hold either SIR or MAT
 
Chasero said:
I think diamond drilling results are meant to be released tomorrow or Monday.. or so the rumour mills/expected time plannings are saying.

There were lots of 500k trades today. That means the big boys are trading it??

It hit the 70c wall 3 times today.. then once that was through I saw a tonne more buying.
Click to expand...

Excuse my ignorance, but how did you find out there were 500k trades today? using what website/program?
 
Steve C said:
Just saw that, biggest percentage increase I have seen in my short time researching!

Can I ask a silly question, I can see that the volume is 22 million shares - how was there 22 million shares available to buy in the first place? Is there a way of telling how many shares a company has for sale at any point time?
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^^^has no idea what is going on. even manages to get the name wrong in the wall street quote hahaha
 
AllAussie said:
^^^has no idea what is going on. even manages to get the name wrong in the wall street quote hahaha
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hahaha there are so many topics that I have a great deal of knowledge on that you have would NO idea about. Thanks for your hero comment grand master.

The reason I am on this site is because I am a self professed beginner trying to learn - but thanks AllAussiebogan, class act.
 
Trading Halt announced this morning

they'll raise capital. Who would'a thunk ? :p:
 
SIR up 2365% over the last month since it was 5.7c on July 20. Another fairly big gain today of 28.9% to $1.405. Do you guys think this stock can crack the $1.50 mark
 
AussieBoy said:
SIR up 2365% over the last month since it was 5.7c on July 20. Another fairly big gain today of 28.9% to $1.405. Do you guys think this stock can crack the $1.50 mark
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What I am trying to understand as a beginner, is that 2365% rise warranted? Besides the obvious, being the discovery what has caused such a massive run, I would have assumed this would be a classic ride the wave and dump the stock and that it would drop down again?
 
Steve C said:
What I am trying to understand as a beginner, is that 2365% rise warranted? Besides the obvious, being the discovery what has caused such a massive run, I would have assumed this would be a classic ride the wave and dump the stock and that it would drop down again?
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http://financial-dictionary.thefreedictionary.com/Bigger+fool+theory
greater fool theory
An investing theory that supports buying overvalued property in a hot market because a greater fool will come along and buy it from you at a profit.Like the game of musical chairs,the greater fool theory breaks down when one misjudges when the music will stop and there won't be enough fools (chairs) to go around.
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Firstly no one knows the value of a junior explorer, ... Potential only?
Along comes this discovery and as you say, it significantly raises the value of the company!
Still noone knows the new value of the company.
At some point the SP overtakes the value ... so what ... the greater fool theory kicks in.
Later a second drillhole confirms that this is a sirius (sic) discovery.
Naturally it takes off again.

Below is chart of CDU that shows just how stoopid this can get.
 

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I wonder what has caused recent sell off..

Kinda large for general market sentiment when there's been no bad news on SIR..
 

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