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WMT - Western Metals

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Snakey said:
That a nice parcel jemma... craps all over my 1 mil holding
I see that you saw this coming as well as I...I just have one question for you are you a boy or a girl?
One thing I know is your smart and holding this one will pay off IMO
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Firstly, Camaybay, what this shows is that the players involved here are taking all the weak stock out of day traders hands each day and eventually it will just take off (around high teens).

Snakey thank for your compliments, the next stock I just went into was PLT. Have a look at it and do your own research. I am also invested in AKK which is an oil and gas stock that could be worth 5-10 dollars if they hit targets.

As for if I am a boy or a girl, it doesnt matter we are only avatars on here!!!

Good Luck with your trading.
 

Sorry to offend all day traders Snakey. I dont think all day traders need to ramp to try and make a profit its just I have been reading some of the idiotic comments from people over at Hotcopper & I suppose I incorrectly lumped everyone in the same boat. I dont think they take profits from longer term players I suppose us turtle investors just like to see slow and steady climbs.
No I am not spewing at selling at all as I said I am not a day trader as I dont have the time to put into it to jump in and out. I am happy just to let time do its job here.
 
Sellers appear to be piling in again. For a while there yesterday I thought they had all read Snakey's previous post about Sellers keeping their own price down and had all decided to hide out for a while. They tend to quickly forget the "next Paladin" excitement over WMT once it doesnt quite perform as expected.

I am a little worried at how investors will react if there is no news about the USA JV soon, with 5 weeks gone and 7 weeks to go in the 1st quarter. News was popularly expected in early November for USA, if I remember correctly.

Does anyone have a book price, or market cap-to-share price comparison for WMT? There seems to be an alarming lack of investment house/equity firms comment on WMT.

URA (LSE:AIM) investors currently complaining about having bought on recycled news, now watching URA's sp slide.

I agree it's a good long term stock, but tend to agree with Snakey on the volatility, due to having held long term before on this one. I would be very happy if I were wrong about that.

Good luck all.
 
Why is there continual support at 12.5 yet the price isn't moving above 13?

makes no sense to buy now at 12.5 if 13 is the resistance
 
MalteseBull said:
Why is there continual support at 12.5 yet the price isn't moving above 13?

makes no sense to buy now at 12.5 if 13 is the resistance
Click to expand...


A game of testing sellers' patience; mostly short term traders.
 
MalteseBull said:
Why is there continual support at 12.5 yet the price isn't moving above 13?

makes no sense to buy now at 12.5 if 13 is the resistance
Click to expand...

It called accumulation before moving significantly higher, which is what will happen next week.
 
jemma said:
It called accumulation before moving significantly higher, which is what will happen next week.
Click to expand...

tip: just dont say you used a crystal ball and you might even get away with it
as soon as i give an opinion i get shot to pieces by big brother :hide:
:freak3: :bigun2:
 
jemma said:
Good Luck with your trading.
Click to expand...

Well I'm in, for better or worse. I liked the look of the chart and would have jumped in at break of 10c if I had been on the ball. Took 12c today as it may be left behind tomorrow! If it retraces to 10c I might top up.

Seem to follow you around Jemma. If this does as well as DYL did for you we'll both be happy.

Cheers
 
Hey Snakey

I myself got on because it had breached the previous high on good volume. The Lows are getting higher and the Macd has turn positive as well. There is always good volume on the up days and poor volume on the bad days. This says to me that people are expecting more for their share and aren't willing to sell into a short down move.
All are positive signs and this is why I feel that the price will rise.

As for how much, who really knows, but I did get a speeding ticket today for going 16kms over the limit so maybe 16 is a sign for me to put a sell order in tomorrow
Cheers Martin
 
All this talk about Rampers. I have just joined I think if we can stick to the charts and the fundementals we can all benefit. I have attached my look on this stock and my plan always allows me sell half my portion at a profit of 20% or above if it still has the potentional to go up and keep the balance for my Target. I have bought 500K worth of this stock in and out from 2.5 cents and the last lot at 11 cents. Sold half at 14.5 cents and keeping the cream for my 16.5 cent profit target as attached. This is using the old Darvas Box theory. If it reaches that target I might only sell half again of my holding for the next run. Stick to that sort of plan rather than holding on to HOPE and you can make good money. However I don;t do that all the time only stock like this that have good support,, on balance volume and fundementals.
Kind re
 

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Ang said:
How about saying somthing to the new bloke in town
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G'day Ang! Welcome to ASF!

If your first post is anything to go by you will be very welcome here at ASF! Hope you enjoy the forums!
 
Ang said:
How about saying somthing to the new bloke in town
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Hi Ang, welcome and thanks for the info posted on WMT - nice graph, nice analysis.

Hope you will stay and contribute in the same way you did today
 
Nice chart Ang!

I also currently hold WMT

I've finally decided to join ASF after just browsing useful threads for 6months lol...pretty useful forum i must say, you can learn alot
 
Thanks for welcoming me to the forum and I hope we can teach each other different methods of trading and opinions on pattern recognitions ect.
Look forward to the having input.
Regards
Ang
 
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