Australian (ASX) Stock Market Forum

VAU - Vault Minerals

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mrlister said:
Interesting day ahead for RED. Hopefully production report is all positive and we'll see a big jump in share price. The big question is, if not all is positive, and things no a bit backwards......what price do we jump off? Technical analysis?
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Different for different traders/investors.
depends on where you bought and what your intentions are--long term or shorter.

dave1234 said:
That is an interesting thread tech, thanks for the link. One question, what software package do you use to analyse the data and generate graphs?
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Thats Metastock and I marked out with paint.

mrlister said:
RED has released ASX reports. Seems like good news........
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Quaterly reports--standard.
 
Nice move.
Bugga gapped over my buy at $1.72
So Im watching.
Just noticed so will wait wont chase.
 
tech/a said:
Nice move.
Bugga gapped over my buy at $1.72
So Im watching.
Just noticed so will wait wont chase.
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I had a buy in a $1.69 but it skipped over as well. In my amateur trading knowledge I believe support is forming at $1.76 / $1.77. But I could be wrong... but I bought in at $1.77 with a stop sell at $1.72. I'll learn by making mistakes if I have too.
 
As pointed out there is close weak resistance.
The question is --- today's gap is it continuation of buying or temporary exhaustion.
If I was filled today I'd still hold.
But just as happy to stay out and evaluate as the days go by.
 
I exited today after the high volume around 3pm @1.79.

In @1.55 yesterday so 14%ish in two days was a very satisfying trade, and easy to take a profit.

Still worth keeping an eye on.
 
tech/a said:
Different for different traders/investors.
depends on where you bought and what your intentions are--long term or shorter.



Thats Metastock and I marked out with paint.



Quaterly reports--standard.
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what do you think of the metastock software? is it worth the 1300 odd to purchase? is is easy to learn and customize?
 
mrlister said:
what do you think of the metastock software? is it worth the 1300 odd to purchase? is is easy to learn and customize?
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I use Metastock and have for 18 yrs.
Wouldn't pay 1300
Amibroker wasn't around when I started.
I also have Amibroker but haven't learnt it as time is a premium.

If I started again it would be Amibroker
Best value and versatility.in my opinion
 
I noted in the update that pour is imminent and commissioning reworks were either completed or effectively completed successfully, so that eliminates any downside surprises from here on in - if there was to be any further issues, they would have needed to be mentioned in the update you would assume.
I still won't trust management to keep us updated though, they could tout it as acting in s/h interests by not announcing bad news and causing selling, but it is not their decision on how to disclose important information, right ?

Aside from all this, well timed bottom picking recently and will be interesting to see where we are at the end of the week, the quick rally spurred by POG must have been a relief to many.

An imminent gold pour is coming - imminent means it is unavoidably going to occur, so with that language you could conclude that at some stage in the future RED will pour gold. (does carry a connotation of time, suggesting closeness, but very wishy washy) so from the word imminent and not 'close' or in the next fortnight, I would assume they still don't have certainty on site and no fixed date.

Selling of my holding is imminent.
 
I understand that most posters on the RED thread nowadays are posting re short term trading positions, and thats fine to suit your own trading strategy.

I do suggest though that you do consider another longer term investment strategy for RED. The quarterly report was actually a very bullish commentary on status of the project, it seems they have got most things working in accordance with base case feasibility study forecasts in terms of throughputs, or possibly above those rates. That is likely to reflect in good long term prospects that operating costs will also be inline with expectations. We are yet to get a better indication of gold recovery at this stage though.

My reading therefore is that RED should now begin its re-rating as time goes by demonstrating that it is a long term, low cost gold miner.

News on the street is that Matthews has not only stopped selling but might actually be buying some shares back! But probably unlikely to be a substantial shareholder again. I can't prove this, but if that rumour is true then its another positive for RED's share price in the coming months as the ramp up begins.
 
beatle said:
I understand that most posters on the RED thread nowadays are posting re short term trading positions, and thats fine to suit your own trading strategy.

I do suggest though that you do consider another longer term investment strategy for RED.
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I understand what you are saying beatle, what you are missing though is that "short term" becomes 'long term' as long as the price keeps going in the right direction.

My current RRL position was a short term trade back in October and is still being treated as such but with a slightly wider stop that can now be afforded.

The price action/behaviour determines the duration of the 'investment'.

My :2twocents
 
jancha said:
Anythings possible but unless something is seriously wrong with RED i'd be fairly confident that at its $1.58sp it would hit $1.90 before ever dropping to $1.20.
And if you had to stake your reputation on it which would you truely choose Tech?
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Tech where is RED heading to now in your opinion? Seems to be holding around the $1.85.
 
jancha said:
Tech where is RED heading to now in your opinion? Seems to be holding around the $1.85.
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Evidence is pointing to support at the current levels.
There is minor resistance close and has been taken out.
For this to be a sustained move I would like to see a higher low formed as
the lows are tested.(Why Im in no hurry to jump on board). If it doesnt pull back considerably---$1.70 ish then I think it will go back into its $2.20 range.

Decisions for me will be on the pullback, and supporting of a higher low.
Patience for me.

If $2.20 taken out then Id be watching how support is made of that resistance level and Id expect it to be strong.
If the lows get taken out then $1.20 comes into play.

So as I said if I was filled I wouldnt be getting out--but missed by ----that much---.

Other than that Im looking and waiting.
 
tech/a said:
Evidence is pointing to support at the current levels.
There is minor resistance close and has been taken out.
For this to be a sustained move I would like to see a higher low formed as
the lows are tested.(Why Im in no hurry to jump on board). If it doesnt pull back considerably---$1.70 ish then I think it will go back into its $2.20 range.

Decisions for me will be on the pullback, and supporting of a higher low.
Patience for me.

If $2.20 taken out then Id be watching how support is made of that resistance level and Id expect it to be strong.
If the lows get taken out then $1.20 comes into play.

So as I said if I was filled I wouldnt be getting out--but missed by ----that much---.

Other than that Im looking and waiting.
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Very interesting Tech. Not a bad way of trading. I personally prefer to look at both the volume & charts as well as fundamentals of a company but by doing so are limited to only trading with stocks that i'm familiar with. And as i'm not as confident as you with your methods of tech analyst i tend buy in and out of RED with half my holdings retaining the rest till it reaches my expectation.
 
jancha said:
Very interesting Tech. Not a bad way of trading. I personally prefer to look at both the volume & charts as well as fundamentals of a company but by doing so are limited to only trading with stocks that i'm familiar with. And as i'm not as confident as you with your methods of tech analyst i tend buy in and out of RED with half my holdings retaining the rest till it reaches my expectation.
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Nothing wrong with that.
If it suits fine.
RED isnt a stock Id trade normally but as I like to put my mouth where my money is Im dabbling around in it.
Same with PEN. Which is the only stock position I have open.

Index Futs are still my prefered.
But some interesting things are happening overall---another topic.
 
im relatively new to trading, so im not sure what is normal and what is not...but watching RED at the moment,....people are being scared into selling. A lot of very small trades are going through at always around a cent cheaper than previous trade...which drives the market value down by that much......it is slowly having an affect and some people that are not seeing why this is happening would be selling out of fear.

this trading game is full of tricks!!!
 
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