Maybe you should take your own advice?
"omgz i made 200% from tech" is hardly conversation worthy.
Wow. You guys should wake up to yourselves and actually listen to what he says, you might actually learn something and make a lot of money. I have. I have made over 200% in the past 3 months trading from what I've learnt from tech/a's threads and posts.
No head in the sky. No "this stock is worth $3-$5". No BS. No hoping. No luck. Straight up trading on facts, figures and charts.
Unless you yourselves have something to contribute to the conversation. Stay quiet.
So you're upset because he's trying to help you make money??
Wow. You guys should wake up to yourselves and actually listen to what he says, you might actually learn something and make a lot of money. I have. I have made over 200% in the past 3 months trading from what I've learnt from tech/a's threads and posts.
No head in the sky. No "this stock is worth $3-$5". No BS. No hoping. No luck. Straight up trading on facts, figures and charts.
Unless you yourselves have something to contribute to the conversation. Stay quiet.
No, but his condescending and obnoxious attitude makes me roll my eyes.
And besides, I highly doubt he's that kind hearted of a person that he would take the time to help thousands of strangers on an internet forum.
there is no doubt that people listen what he/she says. it has helpeed me a lot too. its more the arrogance and belittling of people that is the problem.
Then he should be sailing the harbours of Monaco on his multi million dollar yacht.
Instead, he's here arguing with a bunch of "newbs" trying to prove how smart and technically sound he is albeit with grammatical errors along the way.
Tech. What do you mean if the close in volume of less than 50% will be dismal for RED?Litmus test today.
Is there demand?
A sharp reversal on volume will confirm it.
Poor volume with less than 50% of yesterdays
range covered on close will be dismal.
here's HOPING
Poor volume with less than 50% of yesterdays
range covered on close will be dismal.
We should always be looking for Effort or Lack of effort.
Yesterday we saw effort from Sellers with supply chasing price down 12c
With today if there was effort from buyers you'd expect that lying in waiting yesterday these "potential" buyers would be thinking that RED is cheap NOW--today.
They'd Jump at $2.13--well from what I saw a couple jumped at it--but thats all.
Sellers held back to see if they could get a higher price.
If we don't see a gain of 7c or more on close then there is lack of effort from Buyers.
Lack of demand doesn't sit well for a gaining price.
And if you look at the days chart buyers and sellers are indeed foxing with price.
Happens all the time Support--Resistance.
SPECIFICALLY ON RED.
I see this as a "Potential" stock. Driven in price by its potential.
Fundamental potential is posted on this thread most days.
Announcements confirming---or disappointing those with such expectations of potential abound in a month.
Its not driven by profit but by the promise of profit.
In fact that promise grows and grows with each dissection of "Potential".
I only know of one way to guage what the market is thinking re this or any stock.
It reads like a book. While the plot may remain the same the character is still the same
its potential not profit and as such.
Interesting stuff Tech. So going by the close today and what you have said RED should'nt be looking too good overall atm with volume of 350,000 (550,000 yesterday) and up only 5c. Would you say tomorrow would down day or hang around where it is at present till volume and demand comes back into it?
Very weak.
This really is traded by the minnows.
Course of trades.
http://www.stocknessmonster.com/stock-trades?S=RED&E=ASX
When your biggest trade is a few 1000 nothing much is going to happen.
Tech. Your right nothing much is happening with RED tho volume in trading slightly increased towards the end of day.
So with REDs low volume and sp much the same as opening would you say it be a bit tricky in accessing which way the sp could head from here at this stage?
I look at stoxline as a tool sometimes to confirm a buy or a sell with the fundamentals of a company that i like. Currently they're showing RED as a neutral buy.
$2.35 is looking pretty remote.
I favor drifting away to below $2
at this point.
There is no interest from big players from what I can see in
course of trades.
At least when it was a 20c stock youd get the punters plunging it
and some volatility.
Punters are gone $2 is too expensive.
Ok interesting analysis Tech. Lets see if you're correct even tho i hope your wrong.
Oops there's that word hope again. lol
No interest will drive the price down and thats where good management needs to come into play. (unless their just worried about their own pockets) If RED management continues to play low key in informing the market i'd agree with you but knowing my luck the moment i'd sell some announcement would come out and drive the price up.
Having said that tho RED to me in the long term will rise on the strength of their production output. Market could be waiting on positive results with RED being in it's infant stage of producing and needing something more concrete in order for it to respond.
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