SOM - Somnomed Limited

[Snakey]

thanks snakey, i appreciate your comments. Now if i can just get the rest of the portfolio to go like som.....
Anyway som seems to be hitting resistance at .034 ....whoops they're gone she's off again. I cant see this stock ever seeing the underside of 3 cents again!

yes i doubt well see under 3c also .... but its possible for arvo run too. patience will be the hard thing to overcome with this trade i think. my guess lunch time low .034.... close .035 - .036. just going by momentum.

 

[Ken]

i went in at .029 and out at .034

just wanted to secure profits this time.

 

[Snakey]

i went in at .029 and out at .034

just wanted to secure profits this time.

too bad ken.
lots of volume again today and plenty of movement.
looking good for tomorrow too. current price .037

 

[constable]

yep this has got an insane amount of volume "again" and nearly $800k sitting on the first 3 lines on the buyers side.
Its got a speeding ticket written all over it.

 

[Ken]

My first hype trade ever....

Happy with $600 profit.

I didn't want to hold on prospects on trading halt... will cost me in the end.

But on the other am grateful to be up.

Didn't want to be too greedy... thats what make the market rise and fall...

 

[Snakey]

another hammer close .037 moving like a blue chip atm(steady up)
still holding medium term ....stock preforming well at this stage.
go tha holders yeaahhh...

 

[constable]

another day, another 20 million units in buy orders sitting on the lhs. Pumpers? or someone buying up a stake?
Looks like sitting new support levels @ 3.5/3.6c.

 

[Snakey]

another day, another 20 million units in buy orders sitting on the lhs. Pumpers? or someone buying up a stake?
Looks like sitting new support levels @ 3.5/3.6c.

I think genuine buyers constable too much volume for manipulation IMO
heres a chart showing the current NEW trend in som trading outside these lines could be a problem. An ann of some sort could cause it to break current trend ..one way or the other...

 

[tugga]

This just made my watch list, looks very interesting. Could be a long term buy for me thats for sure.

 

[mb1]

im interested to see which way it goes today.

 

[tugga]

South by the look of it.

 

[mb1]

it just didnt feel right, no announcements made.
alot of people will get burnt imo

 

[constable]

it just didnt feel right, no announcements made.
alot of people will get burnt imo

You and Tugga are hilarious!
Som is retracing after yesterdays run seems fairly simple as the close on friday was 3.3c and yesterday it closed @ 3.7c. I would be happy if it closed today @ 3.4 /3.5c beleiving consolidation at this level is a good thing.
And there was an ann. in reply to asx's query ...the co has slashed costs and looking to be cash flow positive in 12 - 18 months.
Yes i do hold these shares and envisage doing so for the next 12 months!

 

[mb1]

Constable what would be your sell off point?
5c? 10c?

 

[constable]

Constable what would be your sell off point?
5c? 10c?

I dont want to say but considering their share peaked at 60 cents and have had an average price for the last 2 years of approx 20 cents, i would think there to be plenty of upside.

 

[tugga]

I meant they were going south today, I hold them. They're a long term buy for me.

Just like NMS.

 

[constable]

this one starting to move again!!!

Snakey how are you going, still holding?
Very interesting to watch the last half hour. 8 mill in orders came out of nowhere at 3.4c when it looked like breaching 3.3c. Hmmm

 

[Snakey]

Snakey how are you going, still holding?
Very interesting to watch the last half hour. 8 mill in orders came out of nowhere at 3.4c when it looked like breaching 3.3c. Hmmm

yeah still holding and it looks interesting... if this stalls it wont look good to me... ill give it more time but not too much
could be bargain hunters

 

[moses]

this company has one product, a mouthgard to stop people snoring.

Thrillsville.

 

[constable]

this company has one product, a mouthgard to stop people snoring.

Thrillsville.

aw cmon thats exciting.......to someone who sleeps next to someone who snores it is!!!