Australian (ASX) Stock Market Forum

A follow up to post 2712 above.
It bounced off potential short term support near 1.38 today but I suspect that this is just a minor interruption to the downtrend.

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Nice weight loss.

lol Went to Manila looking for beatle but with no luck. I dont think he's over there....the reds are too expensive!! Everything else is cheap tho.
Didn't actually go to the RED camp as there was a typhoon happening (wet season). None the less heard some interesting stories about Mindanao island where decapitation of westerners has occured in the past. ( Not a nice place to be wandering around) Mostly for the part the Phillipines are mainly Catholics tho with many churches. The is exception of Mindanao island which is mainly Muslims and where most the trouble is. RED however is at the top end of the island and is relatively safe providing you keep a modest profile and respect their customs. Sovereign risk....you betcha
 
One big buyer got the ball rolling with RED today a massive 600,000 in volume. While most stocks are down REDs up by 7%. Maybe an announcement coming out?
Boggo maybe someone hasn't had enough hey.:D
 
But what reason did the SP increase today? Just because someone bought a large parcel of shares?

The large buy order took out most of those wanting to sell right up to $1.54 so why would anyone want to buy 600,000 shares in RED is more the question?
Hey maybe the fella who pulled the 100,000 sell order changed his mind about having enough and decided he didn't have enough after all?
Boggo may have the answer i dont know.
Boggo could also circle that buy order to be fair and unbias like he did with the sell order.lol :D
 
Sustained buying until about 11 am
See if there is any follow through.
Id expect that the floor of $1.40 ish is now set.
Good day if you were nimble.

But then again having a look at it as a whole
it wasnt an extra ordinary day and price did
sell off toward the close.

RED still has a lot of work to do.
 
until that big buy today, i was getting a little concerned it may drop to mid 30's. i haven't been concerned like that for a while now. i was actually looking to put a buy order in at the mid 30's as it looked set to get there. not cos i think it will sky rocket in the short term, but they do have their quarterly due in a few weeks. this will bring short term gains, prob to around the 1.70 mark. whether it stays there depends upon gold price and world economy.

longer term for RED i still have faith in. the fundamentals are still there. they, like most stocks will take a long time to recover. but they will, and even if it takes 12-18 months. im pretty confident that my current money will be doubled,as ive now shortened myself down to about 1.37.
 
until that big buy today, i was getting a little concerned it may drop to mid 30's. i haven't been concerned like that for a while now. i was actually looking to put a buy order in at the mid 30's as it looked set to get there. not cos i think it will sky rocket in the short term, but they do have their quarterly due in a few weeks. this will bring short term gains, prob to around the 1.70 mark. whether it stays there depends upon gold price and world economy.

longer term for RED i still have faith in. the fundamentals are still there. they, like most stocks will take a long time to recover. but they will, and even if it takes 12-18 months. im pretty confident that my current money will be doubled,as ive now shortened myself down to about 1.37.

And how have you shortened yourself down to $1.37?

Stock hasn't been low enough to average down for years.
Amazing!
 
lol Went to Manila looking for beatle but with no luck. I dont think he's over there....the reds are too expensive!! Everything else is cheap tho.
Didn't actually go to the RED camp as there was a typhoon happening (wet season). None the less heard some interesting stories about Mindanao island where decapitation of westerners has occured in the past. ( Not a nice place to be wandering around) Mostly for the part the Phillipines are mainly Catholics tho with many churches. The is exception of Mindanao island which is mainly Muslims and where most the trouble is. RED however is at the top end of the island and is relatively safe providing you keep a modest profile and respect their customs. Sovereign risk....you betcha

Northern Mindanao is fine with hardly a Muslim extremist or otherwise to be seen....political risk in the Philippines, sure is...this is a country with almost zero mainstream foreign investment and so no real competition in the economy, there are big incumbent locals with enormous political influence.
 
And how have you shortened yourself down to $1.37?

Stock hasn't been low enough to average down for years.
Amazing!

RED was at 1.27 only a month or so ago, where i picked up a large a parcel (on my scale)... and been fluctuating between 1.38 and 1.6 ever since. not too hard to do the maths from here.

AMAZING....nup. i actually want it to dip down again before month end so i can pick up a few more.
 
Boggo may have the answer i dont know.
Boggo could also circle that buy order to be fair and unbias like he did with the sell order.lol :D

Nope, don't have the answer.

Regarding the circling, I will circle what I see, I wasn't around today except for a quick glimpse around midday but looking at the course of trades and the closing position I am thinking that a lot of sellers were capitalising on the run up, lets see where the next few days take us.

The fact is that I am just calling what is likely to happen in the future based on what is happening at any point in time shouldn't be taken personally just because it is not what you want to see or hear.
 
RED was at 1.27 only a month or so ago, where i picked up a large a parcel (on my scale)... and been fluctuating between 1.38 and 1.6 ever since. not too hard to do the maths from here.

??
Are you sure, the last time that RED was 1.27 was on 12th July 2011, the recent low was at 1.28 on the 31st May 2012 and it only traded 5000 shares at that price.
 

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Nope, don't have the answer.

Regarding the circling, I will circle what I see, I wasn't around today except for a quick glimpse around midday but looking at the course of trades and the closing position I am thinking that a lot of sellers were capitalising on the run up, lets see where the next few days take us.

The fact is that I am just calling what is likely to happen in the future based on what is happening at any point in time shouldn't be taken personally just because it is not what you want to see or hear.

You sound like a politician. Only see what you want and have an answer for everything. My interest in RED is purely as an observation as not holding any so i'm not really concern either way only that you fail to bring anything positive to the table.
However I didn't realized you had the morning off but to be fair as you pointed out in the past a seller (circled) of a meer 100,000 then why should'nt you be over whelmed with a buyer @ 600,000 and bring that forward?
Simplify. You bought up the point about a seller @ 100,000 wanting to get out and yet a buyer @ 600,000. No mention. Only negative points you put forward. Why? If it's because your tired as Tech has pointed out with Beatles hype in the past I'd understand but he's been long gone.:)
 
However I didn't realized you had the morning off but to be fair as you pointed out in the past a seller (circled) of a meer 100,000 then why should'nt you be over whelmed with a buyer @ 600,000 and bring that forward?

I don't get overwhelmed by such things !

Simplify. You bought up the point about a seller @ 100,000 wanting to get out and yet a buyer @ 600,000. No mention.

OK, I will try again, I was watching when the seller appeared, I wasn't watching when the major event occurred today that will make front page on the fin review tomorrow and cause a rally in the DOW tonight :D
 
I don't get overwhelmed by such things !



OK, I will try again, I was watching when the seller appeared, I wasn't watching when the major event occurred today that will make front page on the fin review tomorrow and cause a rally in the DOW tonight :D

Funny fella. Exactly my point. Why would you want to bring up the fact of a trivial seller @ 100,000 shares and circle it on this thread?
Is that important to thread? Would that send the DOW plummeting?lol
 
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