If bought in on the lows on Friday i'd be watching the markets trades on Monday to get a feel of where to take a profit on RED. Thats where chartsist have their usefulness sometimes.
VAU - Vault Minerals
- Thread starter Uncle Festivus
- Start date
If bought in on the lows on Friday i'd be watching the markets trades on Monday to get a feel of where to take a profit on RED. Thats where chartsist have their usefulness sometimes.
tech/a
No Ordinary Duck
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Volume is really poor and very disappointing for those who
would like to see some positive movement in RED.
Not likely to move forward this week from current price action.
On the + side there is no supply at these levels indicating accumulation
rather than reactive selling at every up side opportunity.
For me a watch and wait.
would like to see some positive movement in RED.
Not likely to move forward this week from current price action.
On the + side there is no supply at these levels indicating accumulation
rather than reactive selling at every up side opportunity.
For me a watch and wait.
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Also under performing SLR and NST which can be as jumpy.
I like to watch NCM for where sentiment lies in general as there are more internationals and hedge funds playing the bigger caps.
Once NCM looks to be stabilizing after a strong up or down move the others can make aggressive moves a day or two after a new direction starts with NCM.
More armatures playing the smaller caps taking a bit more time to 'get' the new short term move.
Doesn't always happen but when it does it's pretty reliable and you get the time to get them long and short!
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Tend to agree.
The volume is low even when looking at it realistically (current V x 10 = ignore the 10:1 consolidation).
For a 13.5 cent stock there is a lack of interest on either side especially when you compare it to goldies like NGF (long on 13th at 24.3c avg - stop at 23) where there seems to be interest and volume and the chart is (erratically) leaning in the right direction.
NGF has a takeover offer of .25c + .02c special dividend from Zijin mining with Directors reccommending share holders to take the offer. Could explain why their volume and the sp is up.
Wish RED would get a takeover offer of .25 (2.50). I'd take it just to not be temped back to this dam thread
you would think there would be a few eyes on red with the current market capp , my thinking tells me the market and any possible take over are waiting on the side lines to see wich way gold heads and to see how much gold has been produced for a full quarter.............
Dont think RED would have any worries in the take over department......Not enough reserves atm to warrant that.
tech/a
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tech/a
No Ordinary Duck
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How's that profit target coming along for you?
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CanOz
Home runs feel good, but base hits pay bills!
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We won't be tolerating any comments designed to aggravate so keep it productive or move on.
CanOz
CanOz
Well if you bought @ $1.25 on Friday & sold Monday @ $1.32 I'd say around 5%.
Personally if you read my previous posts you'd know that my base cost is $1.36 so i haven't sold and happy to hold until it recovers.
RED if gold stays around the current price should only get stronger it's bank balance. One of the lowest Gold Producers around with no debt. Time will tell tho.
Tech stick with what you know and hopefully you'll make a profit with RED eventually and as for your faithful shadow Boogo following you around the forum he too should make a profit also when you decide to come on board.
tech/a
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Sound advice.
Do you have a stop level or will you hold regardless.
If it dropped to say 60 c would you still hold on doggedly.
Buy more because it would be soooo undervalued.
Or would you duck for cover.
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Retrospective fantasy.
Fact - bought at 1.28 and was out at 1.32 with a small trade.
When it comes to short term trading you can only rely on what was actually done.
It's delusional and misleading to say could have.
Good point. If the fundamentals were still in place i wouldn't sell in a hurry but if it got below $1 I'd bite bullet and sell. Lose what i've gained over the time trading in and out of RED.
Last Friday had gold spike so why is it misleading or delusional to say that anyone who bought on REDs low Thurs or Friday could take a profit on the following Monday? I posted that on the weekend not after Mondays close. Monday had a high of $1.33.