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SPX - Spectrum Metals

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"dogs are gunna eat themselves "

munch munch

what's the easiest way to catch a fish?
get someone to throw it to you!
 
the stock made a technical breakout at .033 as the low prior to that was the lowest in a decade so that qualified the stock for a breakout to attract retail tech-heads

price looked like stalling yesterday yet persistant new bids appear and we're still in ascention
as it is as a new phase in price there are no historic swings/ratios to look at with any reliability when looking for likely resistance
as unreliable as a static dom is, the bid: offer ratio has been the least at 4:1 and peak at 7:1 last 3 sessions both for bid:sell accounts and bid:sell volume
 
Joules MM1 said:
the stock made a technical breakout at .033
Click to expand...

And the day after went higher and much harder on much bigger Volume …… so many Stocks, so little time:rolleyes:

Have to wait for the mandatory 2nd retracement so we can all get on and make a motza on the 3rd run up lol ...:D
 
decent size hit the bid when there was enough in the depth, slow distribution day

discounts to come
 
retail supporting the close, looks like i'm wrong, more upside monday looks like
prints like a bullish day today
 
the sell on friday was based on a divergent the 21day money flow - a spurious assumption from me as

the TMF like most MF's are probably incorrect due to data feed, rendering them all-but useless for interpreting retail v deep pockets ......regularly this stock is either a 1c out of whack on incrediblecharts (the whole bar doesnt print) and some sessions 30-40% when Chi transactions are dominant - volume does not print so clearly there is a data void and the TMF's are not printing the Chi volume/transactions

not a prob for retail brokers like commsec now they have the live chi feed but anz does not

doesnt mean the TMF is altogether useless but needs more attention to when where the data is applied
 
barney said:
Nah she's right Joules;)

Actually looks pretty good …….. lots of nice juicy gold grades and widths …… The Penny dropped:D
Click to expand...

barney, you punsta ....careful it doesnt become Penn and Teller Fool us ......

social media shows retail are all over this, Barton's recent purchases another boost to confidence
chart showing all the right impulsive moves, albeit stealth selling (sells only arrive when the first level bids build up)
 
Joules MM1 said:
barney, you punsta ....careful it doesnt become Penn and Teller Fool us ……
Click to expand...

Lol .... I love Penn and Teller:dummy1:

I noticed till today that I didn't even have SPX on my watchlist …. even though I was apparently "watching" them:woot: I really am a crap trader … still LOL ….

For some reason I do ok though:oldman::happy:

I think you will do ok out of this one as well:smug:
 
barney said:
Lol .... I love Penn and Teller:dummy1:

I noticed till today that I didn't even have SPX on my watchlist …. even though I was apparently "watching" them:woot: I really am a crap trader … still LOL ….

For some reason I do ok though:oldman::happy:

I think you will do ok out of this one as well:smug:
Click to expand...

in 22 out 28
in 47 out 59 (looking for 51/52)
in 73 ....and still the undefeated try-hard in my house :nailbiting:
that's if we get up few days ..but with news exhausted the market might decide time for some sideways action on a % basis ....
 
Joules MM1 said:
in 22 out 28
in 47 out 59 (looking for 51/52)
in 73 ....and still the undefeated try-hard in my house :nailbiting:
that's if we get up few days ..but with news exhausted the market might decide time for some sideways action on a % basis ....
Click to expand...

Good work ....

Cap Raise …… Not ideal. They have $4 million in the bank but burned a bit last quarter so how much will they go for ...… $10 million ??

Been a steep rise and the cap raise would have been on the table for a while. Hopefully they will raise the CR price to fit the SP:pompous: ….

Anywhere above 6 cents will work ok I reckon ….Under that they will need to fix the hole in the boat:sour:
 
the volume at bid and offer has shifted

66mmbid x 8mm offer a 1 and 2 weeks ago
44mmbid x 6mm offer a few days ago
33mmbid x 6mm offer sofar today

was a great differential .. the overall bid has fallen off
if the gen retail thinks it'll pullback they'll hold off but it's unlikely the stock will reach cr 6.25
and prob take a few weeks to shakedown unless a new drill-thrill is released
 
Joules MM1 said:
if the gen retail thinks it'll pullback they'll hold off but it's unlikely the stock will reach cr 6.25 and prob take a few weeks to shakedown unless a new drill-thrill is released
Click to expand...

I'm not as specific as you are with the market depth …. but given the slope of the chart, and the Cap Raise announcement at 0.0625 cents, and we are now trading at 0.089 today …..

Taking profits seemed prudent …. The Sophistos are already at +40% in less than a day so you'd suspect there could be a bit of pass the parcel going on?
 
barney said:
I'm not as specific as you are with the market depth …. but given the slope of the chart, and the Cap Raise announcement at 0.0625 cents, and we are now trading at 0.089 today …..

Taking profits seemed prudent …. The Sophistos are already at +40% in less than a day so you'd suspect there could be a bit of pass the parcel going on?
Click to expand...

impressive .....enough steam to keep going..could be one of those once in a decade rip-roaring takeoffs
 

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