SLX - Silex Systems

[Jimminy]

could $12.00 this morning based upon preopen buy depth - this thing is an absolute wrecking ball at present and is not letting up. With a good night in o/s markets we should see the momentum continuing today on this stock.

Hope you are watching Portfolio and have learnt to research a little more why directors buy and sell.

 

[Jimminy]

UP 20% AT OPEN - GOING NUTS!!!! UP TO $13.40

 

[the barry]

UP 20% AT OPEN - GOING NUTS!!!! UP TO $13.40

I knew i would jinx this stock when i jumped in. Back to 12.15. What goes up must come down.

 

[Jimminy]

Alot of profit taking at present - 20% rise just craziness...Should have sold some myself but in for the long haul on this baby.

Back to $11.50 ish.

 

[Ferret]

Looks like lots of small investors trading now. Market depth shows lots of round number parcels - 500, 1000 etc.

Its getting overdone but I've held since June and like the long term prospects so I'll ride out the correction. Held a parcel of 15000 a couple of years ago and sold out at $1.32 for a reasonable profit at the time. Ah - regrets! This time I'll hang on.

Ferret

 

[the barry]

It's nothing to do with skill. It's just a signal like many other signals. It is the nature of long term trend following to capture these sorts of outliers. If it wasn't this one, it would have been another.
Grabbing one's profits and running is the worst possible thing you can do to the overall expectancy of a long term trend following system, so no, there is no desire to lock in profits. To put this another way, it is best not to fall in love with open equity.

SLX will declare in due course when it is time to exit. I will, however, also mention that I've profitably traded some of the breakouts in my short term system for a little extra cream on top.

Just wondering wether silex is giving the signal to exit. Run has defintatly come out of this one. What price would you see it consolidating at???

 

[MichaelD]

Just wondering wether silex is giving the signal to exit. Run has defintatly come out of this one. What price would you see it consolidating at???

A long-winded answer is in order to accurately portray my current view of this position. It's not meant to dodge answering your question, but to present you with the way I look at this trade, which is that it is merely one trade among hundreds.

Silex is in my long term trend following system, which utilizes a 6.5 ATR stop. ATR stops get wider as volatility increases, thus this stop is currently at 8.63, so is nowhere near the current price action. If the volatility of SLX decreases from here, this stop will automatically move closer to the price action.

If I were to be trading this as a breakout trade in my short term system on one of the recent breakout signals, the stop would currently be at 11.47, again not breached by the close today.

As a candlestick formation, the current candle is a very typical hammer formation (long tail hanging down, prices open/close near the top of the range). This is said to be quite a bullish candle when it appears in this fashion. The alleged psychology behind this candle is that the last of those who wanted to get out today did so after the open (hence the long tail), but then there were enough interested buyers around to push the price back up again to where it started. Note that I do not trade according to candlestick patterns so make of this commentary what you will.

I do not know whether SLX will go up, down or sideways from here. All I do is follow my trading plan which at the moment tells me to hold SLX.

 

[Ferret]

Today a little red boat in a sea of green.

The last few weeks shows just how crazy the market can act.

There was certainly a great opportunity here for traders. I'm still sitting on mine and hope they will eventually be the microsoft of the laser world!

Ferret

 

[ben73]

Whats the latest feelings on Silex?
I have made some good money on this one and would like to see it continue.

 

[l3vip]

SILEX SYSTEMS LTD ORD

Anyone have any idea why this stock tanked yesterday???

 

[Moneybags]

A heap of stocks were down yesterday, have a look at the overall market performance, also linked to Uranium which is correcting ATM.

MB

 

[Jimminy]

Silex has signed a contract with the two largest (nuclear) utilities in the US for their enrichment services. Has shot up 30% at one stage. Happy days ahead for holders....

 

[osmosis]

SLX has ridden a downward spiral since a high in June last year of over $11. Is there any long term reason to but this stock now or is it very speculative? Thanks.

 

[Sainter]

As a R & D stock with no cashflow it is by definition speculative. However, look at what they have and you might be prepared to take a punt. Besides the GE deal, they're working in the solar cell area, and they believe they can make solar cells with >40% efficiency using cheap materials and 'standard' production processes. basically they have patents covering the novel aspects of the cells.The prototype cells will be made sometime in the next 2-6 weeks. Positive news on % efficiency (eg say 30+%, preferably 40+%) could see this quickly recover the ground it has lost over the past 8 months and possibly go higher. Short term downside is the prototype cells are a disappointment and need tweaking to work efficiently. Long term downside is the cells just don't work, but the potential reward would see quite a lot of effort put into making them work.
Cheers!

 

[arminius]

um, 9-12% of payment for the fuel to power nuke plants around the planet. have a look at the potential demand for enriched u308.
+ solar
+ fiberbyte
dont be afraid to go out on a limb...thats where all the fruit is.

 

[Max_ob]

am very new at this but took a position a little while ago with silex


then in the past week directors sold shares

and now this morning an announcement that sounds positive to me for Silex. . .

is there anyone who can make a comment/ give their thoughts

 

[EasternGrey1]

Solar : In February they announced that Translucent was only a few weeks away from having their prototype cells ready for testing. Then in April they said "Results to date from in-house testing of initial solar cell samples are encouraging. It is important to understand that Translucent is attempting to bring significant innovation to the solar industry, addressing the key issues of efficiency and cost. This is a major undertaking, considering we are attempting to introduce new materials and processes to the industry".

Does this look like SLX are not making as much progress as expected?

 

[Jimminy]

Silex has signed a contract with the two largest (nuclear) utilities in the US for their enrichment services. Has shot up 30% at one stage. Happy days ahead for holders....

And they have now got a deal with Cameco (biggest producer of U).

http://www.tradingmarkets.com/.site/news/Stock News/1706462/

Back on the track for 2008-2009 - I haven't had much to post on for ole Silex but things are now hotting up....

This too in the SMH today:

http://business.smh.com.au/uranium-prices-poised-to-soar-20080624-2vpn.html

 

[Sainter]

Silex solar patent

For those that don't know already, the solar cell patent is in the public domain, at
http://v3.espacenet.com/textdoc?DB=EPODOC&IDX=US2008078444&F=0

It is from the European Patent Database. A heavy read in places, but it is well worth it and really starts to open your eyes as to what SLX are trying to achieve and how they hope to do it. Text and pic files (19) are downloadable.

Abstract.
Optimal structures for high efficiency thin film silicon solar energy conversion devices and systems are disclosed. Thin film silicon active layer photoelectron conversion structures using ion implantation are disclosed. Thin film semiconductor devices optimized for exploiting the high energy and ultraviolet portion of the solar spectrum at the earths surface are also disclosed. Solar cell fabrication using high oxygen concentration single crystal silicon substrates formed using in preference the CZ method are used advantageously. Furthermore, the present invention discloses optical coatings for advantageous coupling of solar radiation intouo thin film solar cell devices via the use of rare-earth metal oxide (REOx), rare-earth metal oxynitride (REOxNy) and rare-earth metal oxy-phosphide (REOxPy) glasses and or crystalline material. The rare-earth metal is chosen from the group commonly known in the periodic table of elements as the lanthanide series.

 

[nomore4s]

Is anyone else trading this stock?

It's up over 13% atm and the sellers are looking pretty thin, does anyone have any idea why? I don't even know what they do, lol, I brought purely on the TA pattern.

Surely they will get a speeding ticket from the ASX, be interesting to see the response.