Australian (ASX) Stock Market Forum

Its a business folks, would you send your employees on a fully paid holiday for 6 months because business has halved. Terminate them and re-employ them when the business turns around - same simple principle !

Yep its a business, a very unique business, a business that in my case doesn't have any employees, costs about $70 > $130 a month to run, has no debt therefore no leverage and significant unencumbered cash backing.

Like all businesses my business makes money buy selling its goods at a price higher than i paid for them...these goods are mostly non perishable and have a (in most cases) long shelf life :) now here's the kicker...unlike most businesses my goods sell in a dynamic open market where the price can vary greatly over time.

The only cost i incur in holding my goods is opportunity but because i have 24 different types of goods i find i have lots of other opportunities to profit from...ive noticed over the years that others run there businesses differently to me even though we often deal in exactly the same goods...go figure.
 
Like all businesses my business makes money buy selling its goods at a price higher than i paid for them...

Why not sell them at the higher price the first time around, why hold on to them as they progressively lose 50% of their value and then have to regain 100% (ie double) just to get back to where it was the first time ?

What are you going to do if it starts to exibit the same behaviour when it (assuming it does) returns to its old high, repeat the same cycle ?
 
From what I've read here RED hasn't produced a market grade ingot to date.

Your certainly right that there are risks.
They are in Africa!

Another thing I can't understand is the fanatical belief in company spin.
Do you think they'll report anything negative.

Just to confirm bog and techa, tech analysis does not involve knowing anything about the business? I am not saying this in haste, I genuinely am interested. Hypothetically, would you trade a stock based purely on its chart without even know the operations of the business or even its name?
 
Just to confirm bog and techa, tech analysis does not involve knowing anything about the business? I am not saying this in haste, I genuinely am interested. Hypothetically, would you trade a stock based purely on its chart without even know the operations of the business or even its name?

Yes

Many I have traded I know only the code.
I have been on the end of a few take overs in my time.
Analysis gets me in as interest is clear.(Gaps-Volume-Large range bars-often out of consolidation).
As yet (20 Years) Ive not been whiped out with an outlier.

Infact post up a chart even without the code and if it has bars and volume going back a few years
and in say min 2 time frames (Doesnt matter which 2 ).---Ill be able to analyse/trade it.

T/A appealed to me as Im a visual guy and time pour.
In time you can see what you need to see in under a minute.
Reports can be biased and very often wont reflect in the chart as it is "supposed to"

Very evident in RED with all its announcements and evidently so undervalued we should all be putting our houses on it!
So of us dont agree--purely because the market--dumb as they are---dont see it that way.
 
Yes

Many I have traded I know only the code.
I have been on the end of a few take overs in my time.
Analysis gets me in as interest is clear.(Gaps-Volume-Large range bars-often out of consolidation).
As yet (20 Years) Ive not been whiped out with an outlier.

Infact post up a chart even without the code and if it has bars and volume going back a few years
and in say min 2 time frames (Doesnt matter which 2 ).---Ill be able to analyse/trade it.

T/A appealed to me as Im a visual guy and time pour.
In time you can see what you need to see in under a minute.
Reports can be biased and very often wont reflect in the chart as it is "supposed to"

Very evident in RED with all its announcements and evidently so undervalued we should all be putting our houses on it!
So of us dont agree--purely because the market--dumb as they are---dont see it that way.

Reports can be biased........Very evident in RED with ALL it's announcements?
What a load of crock
I would have thought if anything it would be lack of announcements with RED and i dont see anything biased in them when they do come out.
Newcrest must have had similiar announcements as their charts are much the same.lol
Whats evident is that you believe in your charts (crystal ball) and know nothing about fundamentals otherwise you would have known that RED is operating in the Phillipines not Africa.
Most Gold stocks in general have and are trending down so whats REDs announcements got to do with anything? Nothing unless it's outstanding.
What does interests me is why you spend so much time on this tread?
Only holders like myself and others have a genuine interest as we like the fundamentals. What do you like about them?
You believe in Tech analyst i believe in the fundamentals. If everyone traded the same where would the market go?
Anyway you say you post here to balance the so called ramping......well there's plenty of other threads you can visit and balance so why are'nt you doing the same. Repeat why the interest no malice intended.
 
Whats evident is that you believe in your charts (crystal ball) and know nothing about fundamentals otherwise you would have known that RED is operating in the Phillipines not Africa.

The good ol' crystal ball is working pretty darn well at the moment on this speccy wannabe. I have seen pages of the funnymental stuff about RED on here and not one bit of it has had any influence on the the stock price.

Makes you kinda wonder which is fact and which is fiction if you actually stop and think about it.
 
The only thing I wonder about is why the trolls that frequent this site keep coming back. Can we please stick to the topic of RED and not your theories on best practice of trading
 
The only thing I wonder about is why the trolls that frequent this site keep coming back. Can we please stick to the topic of RED and not your theories on best practice of trading

Providing an alternate analysis of this particular issue is the right of all forum members mrlister. So far the the alternate view is holding water, while the fundamentals are not attracting any big interest, certainly not big enough to change the trend.

As long as no one gets insulted then the debate is encouraged.

CanOz
 
The good ol' crystal ball is working pretty darn well at the moment on this speccy wannabe. I have seen pages of the funnymental stuff about RED on here and not one bit of it has had any influence on the the stock price.

Makes you kinda wonder which is fact and which is fiction if you actually stop and think about it.

Yes Boogo the Shadow stop and think.....Can you say the same about Newcrest? Their Charts are very similiar does that mean they have as you put it the same funnymental as RED?
Perhaps it's just the trend of the average gold stock.:rolleyes:
 
Providing an alternate analysis of this particular issue is the right of all forum members mrlister. So far the the alternate view is holding water, while the fundamentals are not attracting any big interest, certainly not big enough to change the trend.

As long as no one gets insulted then the debate is encouraged.

CanOz

True CanOz I find the thread very amusing that a certain method of trading is where you dont actually look at the fundamentals of a company and only know it by it's code.
I on the other hand as with ADI AUT EKA looked at it's fundamentals and potential growth as a business. Most my posts are usually on one the company that i'm interested at a time.

Gold stocks overall have been trending down so whats different about RED? Nothing as REDs fundamentals have'nt changed only following the market trend on GOLD stocks. Look at Newcrest....no difference.
Thats why i cant understand why Tech & Boogo continually bag it. What are their true motives i wonder.:cautious:
Why dont they get on the Newcrest thread and do the same there??:D
 
Providing an alternate analysis of this particular issue is the right of all forum members mrlister. So far the the alternate view is holding water, while the fundamentals are not attracting any big interest, certainly not big enough to change the trend.

As long as no one gets insulted then the debate is encouraged.

CanOz

Wouldn't that belong in a fundy v techy thread? Why can't I come here to read about the company and not have to listen to trolls who don't trade RED and never intend to give their opinions that are often directed at people and their stance rather than the company itself?

Im all for hearing different views, but when people come here only when negative events are occurring it becomes pretty apparent that it really isn't about RED.
 
Wouldn't that belong in a fundy v techy thread? Why can't I come here to read about the company and not have to listen to trolls who don't trade RED and never intend to give their opinions that are often directed at people and their stance rather than the company itself?

Im all for hearing different views, but when people come here only when negative events are occurring it becomes pretty apparent that it really isn't about RED.

Perhaps you can use the IGNORE feature. That way those that are interested in their view can still see it, while you don't have to read what they post...:)

Either way, both forms of analysis are welcomed. Personal insults are not.

Cheers,


CanOz
 
Thats why i cant understand why Tech & Boogo continually bag it. What are their true motives i wonder.:cautious:

Nobody is bagging it, statements/analysis that disagree with your opinion seem to be clouding your judgement.

Stick to the facts and remember this...
Disagreeing with someone's opinions and/or analysis is not attacking them. It's simply disagreeing, even if done in a tactless or thoughtless way.
 
Nobody is bagging it, statements/analysis that disagree with your opinion seem to be clouding your judgement.

Stick to the facts and remember this...

You cant be serious? Not Bagging? Comments Regarding REDs announcements from Techs post Quote.. Reports can be quite bias....Very evident with RED with ALL it's announcements.
Boogo i dont know what you think warrants bagging but perhaps you should go back to school to learn the meaning of the word lol
 
Could someone point me to an announcement which was indicating some
negative impact on RED?

If you can find one Ill eat my tail feathers.
All I can find is all sorts of anticipatory positive spin.

But hey happy to be corrected.

6 mths worth here.

http://www.stocknessmonster.com/
 
The good ol' crystal ball is working pretty darn well at the moment on this speccy wannabe. I have seen pages of the funnymental stuff about RED on here and not one bit of it has had any influence on the the stock price.

Makes you kinda wonder which is fact and which is fiction if you actually stop and think about it.

This Speccy wannabe.....kind of wonder which is fact and which is fiction?
Do think that either one of you two bright sparks can explain why Newcrest and many other gold are exactly where this wannabe speccy as you put it is? Not bagging hey Boogo.
REDs just following the trend as the fundamentals are still in place... the upside potential of growth.. low cost producing ect ect.
Tech all that i can read in REDs announcements are facts not fiction.
 
Do think that either one of you two bright sparks can explain why Newcrest and many other gold are exactly where this wannabe speccy as you put it is? Not bagging hey Boogo.
REDs just following the trend

Arrrhmmm So you agree with the techies? Where they disagree with you is they cannot see why anyone would be enthusiastic about a share that is trending down.

Pretty simple. They think someone is silly for holding something in a down trend, you think someone has no right to state that.

Where is the problem? Its a trading forum isn't it?
 
Could someone point me to an announcement which was indicating some
negative impact on RED?

If you can find one Ill eat my tail feathers.
All I can find is all sorts of anticipatory positive spin.

But hey happy to be corrected.

6 mths worth here.

http://www.stocknessmonster.com/

This is from the Sunday Clueless Expressions edition (page 3):
Team of erudite thinkers questioning the veracity of chat site comments blurs outlook and makes stock figures turn RED

and this from the Hinch Herald (back page):
More complaints from stock holders who feel harried by salient questions from inquisitive onlookers - they begin to see RED

and finally this, from just below the Girls and Mud Sports section of the
Pertinent questions make fearful-of-reality traders replay old Split Enz vinyls.....

hint: Erudite is not a glue, ok
 
Got in again at 110. As something has put a rocket under NCM.
Will be whatching for Euro to fall through 120 US as that could begin a free fall which will hurt Gold.
 
In general I like a techies perspective. But Europe crisis etc is not technical, it's fundamental. That IS what is driving the entire market down. If all of a sudden European woes were over, this would not be shown in any chart. Or if RED all of a sudden discovered a huge quantity of hold, tripling it's forecast....this will not show up in a chart. Techies are good for a large company such as leightons, who win a new project worth 2.2 bill and it has little impact on price. Or NCM where small announcements won't effect share price too much.

Yet last week one of our resident expert techies said RED wouldn't go below 1.40 as it found good support there. Go figure!!

RED will eventually climb again, and when does we won't hear from the trolls again. Cos they just love to insult those whom are obviously hurting a bit from current market status.
 
Top