SOM - Somnomed Limited
- Thread starter Snakey
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Posts based on wrong stock code (SMO rather than SOM) have been removed from this thread.
I thought about getting in to this but from the looks of things i think this stock will take a big hit if an annoucement is made. I just think there is too much risk in this stock. Market capital of SOM is 16mil very very small. To risky for my taste gl to all those that hold. 
This is their core product:
The SomnoMed MAS™ is an oral appliance, which fits over the upper and lower teeth, much like a sports mouthguard. Unlike a sports mouthguard, however, it is a precision-made, clinically-tested medical device, which is highly effective (in most cases) in preventing snoring and mild to moderate obstructive sleep apnea.
The medical term for your lower jaw is ‘mandible’ and an oral appliance worn over the teeth is a ‘splint’, hence the name SomnoMed Mandibular Advancement Splint, or SomnoMed MAS™.
(Mandibular advancement splints are also known as mandibular advancement devices (MADs) or mandibular repositioning appliances (MRAs).)
The SomnoMed MAS™ is an oral appliance, which fits over the upper and lower teeth, much like a sports mouthguard. Unlike a sports mouthguard, however, it is a precision-made, clinically-tested medical device, which is highly effective (in most cases) in preventing snoring and mild to moderate obstructive sleep apnea.
The medical term for your lower jaw is ‘mandible’ and an oral appliance worn over the teeth is a ‘splint’, hence the name SomnoMed Mandibular Advancement Splint, or SomnoMed MAS™.
(Mandibular advancement splints are also known as mandibular advancement devices (MADs) or mandibular repositioning appliances (MRAs).)
Well snakey well done if ur still holding ...IM NOT.... thanks to my mrs (god bless her soul) who sold out (@ 30) while i played fill the hole hole for want of staff.
Oh yeah she remembers now that i said "im not worried about this stock" (because it was such a small holding ), nevermind
We both enjoy trading and we are still learning! (read: aaaaargh)
Anyway i would have choked myself after 4 ticks because at this stage THERE IS NO ANN. and it is sheer spec. Having said that the adage buy the rumour sell the fact could well be applied.
May the force be with those that hold!
Oh yeah she remembers now that i said "im not worried about this stock" (because it was such a small holding ), nevermind
We both enjoy trading and we are still learning! (read: aaaaargh)
Anyway i would have choked myself after 4 ticks because at this stage THERE IS NO ANN. and it is sheer spec. Having said that the adage buy the rumour sell the fact could well be applied.
May the force be with those that hold!
I am of the belief that Volume tells a story.
Lets be honest. The Stock is still not far from all time lows.
And at the beginning of 2006 it was trading at 20 cents.
In may 2005 it was 50 cents.
That is going off the graph I found on yahoo finance website. It has descended in that period to what we have today.
Good luck
p.s I am not saying its going to head back up to 50 cents, but a 100% rise for SOM would be minimal in comparison to the fall it has taken over the years.
Lets be honest. The Stock is still not far from all time lows.
And at the beginning of 2006 it was trading at 20 cents.
In may 2005 it was 50 cents.
That is going off the graph I found on yahoo finance website. It has descended in that period to what we have today.
Good luck
p.s I am not saying its going to head back up to 50 cents, but a 100% rise for SOM would be minimal in comparison to the fall it has taken over the years.
Thanks constable very early sell imo but profit none the less. Well I have dug myself in deeper and managed to pick up another 900k at .033 on fri, to make an average buy of .031 / 1.9 mil. As you know i am a day trader and the reason for purchase was purely price and volume. I think they are still cheap considering the january prices. I am the first to admit i know nothing about this company. But i do know they had the highest volume of any company on the asx on friday and thats of extreme interest to me. (Looking at blog joe for quotation of figures) good luck holders...constable said:Well snakey well done if ur still holding ...IM NOT.... thanks to my mrs (god bless her soul) who sold out (@ 30) while i played fill the hole hole for want of staff.
Oh yeah she remembers now that i said "im not worried about this stock" (because it was such a small holding ), nevermind
We both enjoy trading and we are still learning! (read: aaaaargh)
Anyway i would have choked myself after 4 ticks because at this stage THERE IS NO ANN. and it is sheer spec. Having said that the adage buy the rumour sell the fact could well be applied.
May the force be with those that hold!
Kauri
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Snakey said:
Just a random thought... Thurs and Fri vol about 165 mill...
Your buys 1.9 mill...about 1.15% of total 2 days....
90 Aus traders trading like you on momentum and all the vol accounted for.....maybe less than 90 if some are trading in and out several times over the two days??? A pure momentum trading opportunity for mine, mind you I am wrong more often than I am right.
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Based on the previous announcement, looks like the volume is increasing due to:
"renounceable rights issue to Shareholders of 3 New Shares for
every 1 Share held on the Record Date at an issue price 1 cent per New Share to raise $3.447 million." on 7th dec 2006.
will this make the volume traded look higher, because of the renounceable rights issue to Shareholders?
"renounceable rights issue to Shareholders of 3 New Shares for
every 1 Share held on the Record Date at an issue price 1 cent per New Share to raise $3.447 million." on 7th dec 2006.
will this make the volume traded look higher, because of the renounceable rights issue to Shareholders?
Sean K
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Only if everyone was dumping their issued shares, but what was the record date? 7 Dec? Sometimes this actually makes the sp go down....Perhaps day traders saw the volume and just jumped on (like mesup3rK0ala said:
) forcing the sp up without consideration? I'm not sure if they have got another speeding ticket but with over 100m shares traded Friday and up 100% last week, you'd think they have some questions to ask. They only have 115m shares issued that I can see, so how does 100% of the company change hands in a day??
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