Australian (ASX) Stock Market Forum

TOE - Toro Energy

50% gain in 6 trading days. and all been orderly.. Looks as thought 1.15 is now support next resistence about 1.30
I have increased my Gold and Silvers shares to 50% was going to sell TOE but, it still looks good IN MY OPINION
Take one day at a time.
 
bean said:
TOE has strong resistence 1.10 - 1.15 was I dissapointed in todays results or trading the answer is no. I do think however regarding outside influence as in overseas markets. That this move is just (great) . It seems to be consolidating just above $1.00 (becoming support). The move and volume may tell the tale monday and tuesday. As stated I am a silver and gold bug (but am also a uranium bug) I do hold share in AGS,BMN,TOE,ERN. was looking long tern Bmn and Ern.
I have also held shares at sometime in Dyl,rpt,dylo, aexo,blr,blro, mtn and a few others except Pdn (my ex wanted a divorce just when I was ready to buy 100,000 can't help bad luck)
I still hold TOE and will sell as I only plan to hold two uranium BMN and ERN (which I have been accumulating over recent weeks)
TOE still has a long way to go "in my opinion" I will hold until I transfer to gold or silver shares. I plan only to hold two uranium BMN and ERN(I hope a PDN that I missed out on.
I do think if US markets are favorable TOE has a long way to go in this move. ( I do not follow Australian markets my assumptions are based on US markets.
I invest in Australian shares based on US markets. I have daily data on DJIA back till 1895) I also base my asuptions on HUI and XAU are the only markets I follow
TOE has hopefully a while to run while it Consolidates for a "day" or two. IN MY OPINION".
I also move to cash based on US markets.
Tick Tock


Is there any great reason why this is trading so well? I got it when it floated at 25c and held out til now. They had no results posted on their website only the deep yellow purchase. Was it just their turn?? I doubt it...somethings cooking here....
 
Just before it took off for a few weeks prior every now and then a 50,000 or 100,000 parcels and ocassional 200,000 bids being bought. So smart money going in for some reason. Who wants to buy that sort of parcels in a stock that was trading in a range.
Wait and see..
 
bvbfan said:
Perhaps a case of a rising tide raising all boats?
Did the all ords go up 50% in 6 days....i wonder how many stocks did...i dont believe the tide went this high.....something else... :cool:
 
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legs said:
Did the all ords go up 50% in 6 days....i wonder how many stocks did...i dont believe the tide went this high.....something else... :cool:

My reference was more in terms of the Uranium price rise rather than the ASX move.


Incidently I am still holding some from the IPO and the 12month date is only a few weeks away, there could be some selling pressure then I believe.
 
what the hell is going on here...down 20% one day up 11 the next.... somethings cooking...lets hope its yellowcake..... :D
 
legs said:
what the hell is going on here...down 20% one day up 11 the next.... somethings cooking...lets hope its yellowcake..... :D


Moving with the market.
 
legs said:
what the hell is going on here...down 20% one day up 11 the next.... somethings cooking...lets hope its yellowcake..... :D


Invest 4 Profit said to sell Toe yesterday which is why it dropped even more so.
 
legs said:
market didnt reflect this size move...is it exagerated because its uaranium explorer?? I think not...


I think so. You think the market has to move 20% for TOE to move up 20%??

PDN yesterday down 15% and today up 8.6%. What do you think about that?

Any underlying reason. Probably not.

Uranium companies have been outperforming the market for the last 2-3 years. And when your in so much profit, its easy to sell, so in downturns they lose the most value.

Well thats my logic.
 
HUGE jump today up 13.99% anyone heard anything? Maybe it has to do with the NEW WARRIOR URANIUM DRILLING COMMENCING 21 MAR 2007 ???
 
TOE could be a near-term producer because it has got DYL's Napperby Deposit in NT. You can see the DYL is down today.
 
:) Uranium isn't up but ERA has forecast significant production downgrades. Less U on the market means more competition for scarce uranium at auction.

All points to another possible 10%+ gain in the U spot price in the coming weeks. People getting in early today.
 
hey guys i have just purchased a small holding (very small, recommended by a family member) as it is one of my first purchasers. are TOE on the way up or down?

i seem to get rattled on how many uranium listings there are. :cautious:
 
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