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VAU - Vault Minerals

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Just an observation in a non trending period.

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The losing trades were minimal and more so with a stop loss where the winning trades were generous enough to warrant the trades IMO.
The second trade was a buy at 8 cents and sell At 15 cents I think this would have been a fair call especially if you tooped up on the way up
 
The cross cannot be seen (confirmed) until the following week.
You could not have bought until the cross completed unless you pre emptied it as you are doing currently.
Will follow your idea in R/T and show what I mean.
Unless you Gluck a long trend this idea is a waste of time and money.

What's your stop strategy?
 
With RED and with the way that charts look I will be out at 18 cents a 4 tick drop (10%) one could argue that this is too much of a risk which is true but i dont think that this will happen this week.
Its a foregone conclusion that Mathews is dumping just need to look at his holdings slowly deminishing (not to say that he is the only culprit).
From the recent trades he is keeping the price in a tight price range 18.5 to 19.5 at times it will go slightly higher to build a buyers list to sell into at will (as we saw thismorning at 10:20 am).
If he doesnt allow this to happen at times there hasent been a long enough list at 18.5 to satisfy his stradegy.
My :2twocents
Regards
 
TMC93 said:
Put this into Research Tools in E*trade and it seems significantly underpriced from what morningstar can gather. Haven't done any significant research into this company but might look into it.

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It might be worth considering that the information they feed you is designed with only one purpose in mind; to make you transact.


Thanks to all the techies who have posted charts and commentary. If you use an indicator measuring the interest of technical traders in the thread, it's certainly been going off in the last few days :D


Lastly, I'll note that gold touched 1780 just an hour ago.
 
Absolutely Starcraftmazter, I couldn't agree more with you re substantially more interest by the chartists (I just wish I knew what they're talking about!),

Which leads me to the question of you in particular Tech/a since you haven't bought any RED stock at all - what has aroused your interest in following RED & yet not enough to buy any shares? I understand you're concerned about resistance at 21.5 & 24.5?

Another good session for gold, but to be honest I don't like such excessive 1 day moves! The Ozzie dollar has also accommodated the move up in ozzie dollar gold price.
 
Chasero said:
OMG NO.

All my shares sold at 0.215!! Matthews it's time to dump!!
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Well you had less than 65000 then as thats all that was done.

what has aroused your interest in following RED & yet not enough to buy any shares?
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The comments of the people within the thread and the lack of anything other than Fundamental commentary.
I guess an alternate view.
Id get interested above .26c or at around .11c dependant on how it got there and how strong it took it out.
Personally I think that this is un likley to reach .26c.
I think 11-25 likely
Anyway in the meantime Im trading Index Futs.
 
tech/a said:
Well you had less than 65000 then as thats all that was done.



The comments of the people within the thread and the lack of anything other than Fundamental commentary.
I guess an alternate view.
Id get interested above .26c or at around .11c dependant on how it got there and how strong it took it out.
Personally I think that this is un likley to reach .26c.
I think 11-25 likely
Anyway in the meantime Im trading Index Futs.
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I only have 40,000 :)
 
Dougs Antiques said:
I had an idea that today would see some sort of reversal from Friday (I did post it on Friday I think) and I think tomorrow will see a continuation of today with a possible (very possible) 18.5 cent close.
Your forcast of 21.5 is quite a bit away from 28 cents?
Regards
Dougs Antiques
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Dougs Antiques

That was a short term hourly chart with a short term 1-2 day target, (turned out to be 1)

Daily chart 28c target could take 1-2 months, (the duration of the triangle)

Red 5 Ltd., AU-RED Advanced Chart - (ASX) AU-RED, Red 5 Ltd. Stock Price - BigCharts.com 2011-11.jpg
 
Chasero said:
Seriously, could not get back in at 0.21..

Last trade was 0.212! What a cheat! I was locked in for around 4 hours.. god
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If you want it buy at market.
As A very smart man said.
"Dont be a Dick for a tick"
 
snsdmonkey said:
Don't fret. I would say definitely another chance to get back in at around the 20c mark...if not lower...
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I Hope so.. + first time I've heard that saying.. LOL.

Man after 4pm there's like another 500k trades at weird prices from 21.2, 21.3c and 21c?

How do these machines get ahead of us!! :mad:

4pm should be dead stop yet I see all these weird trades! All the way till 4:10!

I'll just leave trading ticks to the experts.. don't like 'scalping' and won't do it again :)
 
Chasero said:
I Hope so.. + first time I've heard that saying.. LOL.

Man after 4pm there's like another 500k trades at weird prices from 21.2, 21.3c and 21c?

How do these machines get ahead of us!! :mad:

4pm should be dead stop yet I see all these weird trades! All the way till 4:10!

I'll just leave trading ticks to the experts.. don't like 'scalping' and won't do it again :)
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DOW Futures and Gold looking weak at the moment. You'll definitely get another chance. Though that might not mean so much since Berlusconi farted yesterday and we got a 200+ swing on the DOW haha.
 
snsdmonkey said:
DOW Futures and Gold looking weak at the moment. You'll definitely get another chance. Though that might not mean so much since Berlusconi farted yesterday and we got a 200+ swing on the DOW haha.
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I dont agree with gold being weak ATM.
It seems to have found some support at $1790 and fairly bullish in the last 24/48 hrs
gold.gif
 
Dougs Antiques said:
I dont agree with gold being weak ATM.
It seems to have found some support at $1790 and fairly bullish in the last 24 hrs
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Haha everything I said a few hours ago just got blown out of the water. DOW futures are up, so are ASX futures and gold is back up too. Sigh, volatility these days. Yesterday I went to be with the DOW hovering at 11850 and woke up with it up 70 off a Berlusconi fart :(
 
What I have found most exciting about the trading today, and in fact the past days of Nov, is that there has been at least 25 million shares traded (today 9.8 million). That trading on the sell side I believe has been dominated by Matthews, thus it could be that Matthews has dropped another 15 - 20 million shares, thus down to around 50 million from 78 million since the report on October 31. Thus whilst he still yields some power and capping control over RED's move upwards, its now only a matter of time and he will not be influential. This happened when he had a slight respite after he put that last notice out that he had dropped to around 7.8% (or whatever it was) and the share price moved back up from 14.0 cents or so (please don't quote me of the exact numbers, I am a bit too tired to check the exact numbers).

Once Matthews is cleaned out (but he's still got some yards to go) then RED will have much less capping and maybe its the time we will see it moving past all the resistance levels. and move into a new high FINALLY!!!

I'm interested to see if we get another substantial share holder notice from whomever, is it a new player or someone like Baker Steel adding to its core holding. It would be good if it were a new investor.
 
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