SOM - Somnomed Limited
- Thread starter Snakey
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Snakey said:
Wrong! Keep guessing...........
you back in ken! good luck if you are? i was out in the selloff @ 3.4 it seems the stock has lost its way the last two days and broken out of its trend. Be straight back on it if it can reassert itself. Maybe big bad crazyjim has given everyone a scare out there!Ken said:
Probably not, however som might take a breather before it builds again and I'd rather watch that from the bench.- Joined
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I don't like seeing people lose money!
I thought it would be a good thing to alert you all about the previous form that some of the people involved in this company have! It is always good to be aware of the situation that you are risking your hard earned money in.
If you don't have a problem throwing your money at this then good luck to you!
Appreciated and thankyou!crazyjimsmith said:I don't like seeing people lose money!
I thought it would be a good thing to alert you all about the previous form that some of the people involved in this company have! It is always good to be aware of the situation that you are risking your hard earned money in.
If you don't have a problem throwing your money at this then good luck to you!
Although i am trying to trade price action and not be too tied up in fundamentals, your comments certainly help me achieve this!
Attention SOM traders. we have 28 million shares traded, and a high of 2.3 cents.
What is the situation here?
Positive announcement. Has this turned the corner?
10 year plan.....
Management seem very excited... maybe a bit too much..
Will see.
No massive trades gone through, but there are 5 million shares sitting in one order to be bought at 2 cents.
I got on at 2.0 cents... will see how far it runs. stop loss 1.9 cents.
What is the situation here?
Positive announcement. Has this turned the corner?
10 year plan.....
Management seem very excited... maybe a bit too much..
Will see.
No massive trades gone through, but there are 5 million shares sitting in one order to be bought at 2 cents.
I got on at 2.0 cents... will see how far it runs. stop loss 1.9 cents.
There comes a point where a failing company can turn-around. No doubt it will get traded around a bit in the course of recovering (or failing). The previous burn rate was ridiculous, presumably based on an unfounded (and possibly unplanned) expectation of an earlier and stronger revenue stream commencement.
However, they have been making the right noises lately: cut burn rate, new ceo and other operating officers, increased revenue from increased sales, expansion of markets - and a business plan!
So, at least they appear to have realised that generally a company should plan to generate revenues which somewhat exceed its operating costs. Who knew?
I think that almost failing can prove the catalyst for recognising and then obtaining the things you need for success. NMS is a case in point - without intending to extend the comparison with this mob any further!
At least SOM have stated a clearer picture of what they intend to do, and need to do, and so we will be better placed to judge the results. The soon-to-come full year report should be a good start, but more important will be the announcements and the activity reports in the first half of 07-08, and further evidence of the implementation of a plan.
Of course, the company is an inverted pyramid balanced on the point of a dental splint to stop people snoring, so the efficacy and acceptance of this device is the other critical factor.
It will be significant money made or a total loss. At least the company now seems to understand that too.
However, they have been making the right noises lately: cut burn rate, new ceo and other operating officers, increased revenue from increased sales, expansion of markets - and a business plan!
So, at least they appear to have realised that generally a company should plan to generate revenues which somewhat exceed its operating costs. Who knew?
I think that almost failing can prove the catalyst for recognising and then obtaining the things you need for success. NMS is a case in point - without intending to extend the comparison with this mob any further!
At least SOM have stated a clearer picture of what they intend to do, and need to do, and so we will be better placed to judge the results. The soon-to-come full year report should be a good start, but more important will be the announcements and the activity reports in the first half of 07-08, and further evidence of the implementation of a plan.
Of course, the company is an inverted pyramid balanced on the point of a dental splint to stop people snoring, so the efficacy and acceptance of this device is the other critical factor.
It will be significant money made or a total loss. At least the company now seems to understand that too.
Looks like SOM may be on the move up, looks like resistance at 2.6c,has been at this level 3 times since Mar this year. Keep an eye on this one for a breakout. Approaching 200 day moving average on the daily charts too, I will have this on the watchlist this week. Do your own analysis though.
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did post regarding SOM potential breakout a couple of weeks ago but the post was removed due to me not realising i had to post a chart as well .. however , i hold , enjoying th ride but tghinking unlss an announcement soon or decent vols it may just fall over spose thats what a trailing stoploss is used for now anyways . wouldnt mind some TA / Fa views on it as been mentioning this lil pound pup since 1.7 down to 1.5 and all the way up in various chats etc etc but cannot get a decent comment anywhere , im biased and holdin so prolly best not for me to post my excitable views thanks
spose thats what a trailing stoploss is used for now anyways . wouldnt mind some TA / Fa views on it as been mentioning this lil pound pup since 1.7 down to 1.5 and all the way up in various chats etc etc but cannot get a decent comment anywhere , im biased and holdin so prolly best not for me to post my excitable views thanks
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SOM HAS GONE CRAZY ?!!??
ANY ONE NO WHATS HAPPENING ?? This cant be just for the increase in business... I have had some sitting away for past year..
Potential take over ??? Resmed perhaps ?? I have no idea on this one ..
ANY ONE NO WHATS HAPPENING ?? This cant be just for the increase in business... I have had some sitting away for past year..
Potential take over ??? Resmed perhaps ?? I have no idea on this one ..
tinhat
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Is anyone following this stock? The chart looks interesting - big breakout recently on small volume.
tinhat
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Excellent sales growth results out today. Good sales growth in all regions, especially Europe. Share price up 13.9% today on the news reverses the downtrend. Looking for a breakout above the recent high of 1.31 to take it up to the 1.475 high.
Other than checking the soundness of the balance sheet I have not done any fundamental analysis, estimate of intrinsic value. Bought last year for $1 based on technicals.
Illiquid stock - average daily traded last month was $14,000.
Other than checking the soundness of the balance sheet I have not done any fundamental analysis, estimate of intrinsic value. Bought last year for $1 based on technicals.
Illiquid stock - average daily traded last month was $14,000.
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16th January 2014, SomnoMed Limited (ASX:SOM) announced today record sales of 4,134 units in the month of December, 38.2% more than in the same month in 2012. All regions performed well during the month compared to the previous year unit sales in the APAC region were up by 25%, North America grew by 31% and Europe by 55%. New records were also set for the...
If you want to read more then you can do so by clicking on this link:- http://stocknessmonster.com/news-item?S=SOM&E=ASX&N=778120
Hi tinhat,
tinhat said previously "Looking for a breakout above the recent high of 1.31 to take it up to the 1.475 high" well the $1.31 has been taken out by todays action but given that the other figure you referred to was nearly 3 years ago I don't think it is relevant any longer, but then I have been wrong many times
If you want to read more then you can do so by clicking on this link:- http://stocknessmonster.com/news-item?S=SOM&E=ASX&N=778120
Hi tinhat,
tinhat said previously "Looking for a breakout above the recent high of 1.31 to take it up to the 1.475 high" well the $1.31 has been taken out by todays action but given that the other figure you referred to was nearly 3 years ago I don't think it is relevant any longer, but then I have been wrong many times
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Update:-
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