Australian (ASX) Stock Market Forum

WMT - Western Metals

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Ang said:
What the??

G'day Ang, referral to jemma's previous post, fibonnacci projection for SP. A feature I'd like to see on Frank's program (ProTrader).

Did you pick up WMT from a Darvas scan with ProTrader?

Cheers,

hector
 
hector said:
G'day Ang, referral to jemma's previous post, fibonnacci projection for SP. A feature I'd like to see on Frank's program (ProTrader).

Did you pick up WMT from a Darvas scan with ProTrader?

Cheers,

hector
Yes it was picked up in a darvas scan on PT
Regards
Ang
 
jemma said:
Wsywig, I have over 2,000,000 shares in this and I don't find that unusual. In dollar terms i originally invested 200K.

At $20,000 per cent movement it is a fantastic return and I`m sure there are lots of players to cover that amount. :)
 
Well I have taken advantage of yesterdays and this mornings weakness and are back at 12.5c happy with my purchase and are looking forward to next week. No or poor retrace is a very good sign for me.
good morning to everyone in nimbin :)
 
noobs said:
Snakey I do believe you just broke your 3 day no re-entry rule??
Yes but rules where made to broken
just dont break to many of them at once
reason: i dont like my chances of purchase at 12.5 on monday :(
day traders hold... sold at 13.5 bought back at 12.5 effectively putting 10k in my pocket and maintaining my postition
 
Snakey said:
Yes but rules where made to broken
just dont break to many of them at once
reason: i dont like my chances of purchase at 12.5 on monday :(
day traders hold... sold at 13.5 bought back at 12.5 effectively putting 10k in my pocket and maintaining my postition
Good decision
regards
angelo
 
Fluffy said:
Closed at 13cents. 12.5cents is the new support, yay
yes nice positive close
tues weds thurs will be interesting days next week imo(completion of three to five day retrace (that has been very poor i might add))
good luck holders
 
Can someone explain to me why under WMT options there are 3 lots of 50000 options expiring on 30th Nov 2007 at $5, $7 and $9. Isnt that a little ambitious to think that the share price will be up around those figures in 11 months????? Why would anyone bother to have options at that price.
Obviously they are never going to be exercised unless WMT is sitting on the biggest deposits of U in the history of mining. I understand the basics of how options work but this seems quite pointless to me. :confused:
 
mickqld said:
Can someone explain to me why under WMT options there are 3 lots of 50000 options expiring on 30th Nov 2007 at $5, $7 and $9. Isnt that a little ambitious to think that the share price will be up around those figures in 11 months????? Why would anyone bother to have options at that price.
Obviously they are never going to be exercised unless WMT is sitting on the biggest deposits of U in the history of mining. I understand the basics of how options work but this seems quite pointless to me. :confused:

Well not the biggest deposit of U in the history of mining, but it has potential to be pretty big.
 
mickqld said:
Can someone explain to me why under WMT options there are 3 lots of 50000 options expiring on 30th Nov 2007 at $5, $7 and $9. Isnt that a little ambitious to think that the share price will be up around those figures in 11 months????? Why would anyone bother to have options at that price.
Obviously they are never going to be exercised unless WMT is sitting on the biggest deposits of U in the history of mining. I understand the basics of how options work but this seems quite pointless to me. :confused:

Mick, I will look into this further and reply.
 
mickqld said:
Can someone explain to me why under WMT options there are 3 lots of 50000 options expiring on 30th Nov 2007 at $5, $7 and $9. Isnt that a little ambitious to think that the share price will be up around those figures in 11 months????? Why would anyone bother to have options at that price.
Obviously they are never going to be exercised unless WMT is sitting on the biggest deposits of U in the history of mining. I understand the basics of how options work but this seems quite pointless to me. :confused:

Yeh very ambitious.
What is even more interesting is the 2million $2.17 oppies expiring 30/06/2007, thats only 4 months away.
 
Snakey said:
Well I have taken advantage of yesterdays and this mornings weakness and are back at 12.5c happy with my purchase and are looking forward to next week. No or poor retrace is a very good sign for me.
good morning to everyone in nimbin :)

Dont forget It had a fair retrace on tuesday (much to my suprise). Another retrace after that and WMT would be in a downtrend, LOL.

I think tuesdays poor performance was to do with the disappointing open.

Buying on the close (~12.5c) to sell on the open wouldve been a high probability trade in my opinion. But i guess these things happen. A high probability trade doesnt mean zero probability of loss.
 
mickqld said:
Can someone explain to me why under WMT options there are 3 lots of 50000 options expiring on 30th Nov 2007 at $5, $7 and $9. Isnt that a little ambitious to think that the share price will be up around those figures in 11 months????? Why would anyone bother to have options at that price.
Obviously they are never going to be exercised unless WMT is sitting on the biggest deposits of U in the history of mining. I understand the basics of how options work but this seems quite pointless to me.

nizar said:
Yeh very ambitious.
What is even more interesting is the 2million $2.17 oppies expiring 30/06/2007, thats only 4 months away.

As I am new to the stock game, I am a little confused with the above postings. Can someone help me out. (I am a holder of WMT)

Do these options have to fufilled on the expiry dates. ie 2mill @ $2.17 regardless of the price does the buyer have to fufill?. Or is it pure speculation and ramping?

With a share price of .13 why wouldnt you enter through the ords?

A confused lad I am, any answers would be appreciated.
 
robandcoll said:
As I am new to the stock game, I am a little confused with the above postings. Can someone help me out. (I am a holder of WMT)

Do these options have to fufilled on the expiry dates. ie 2mill @ $2.17 regardless of the price does the buyer have to fufill?. Or is it pure speculation and ramping?

With a share price of .13 why wouldnt you enter through the ords?

A confused lad I am, any answers would be appreciated.

If options are not converted to shares, ie. by paying the excercise price, before the expiry date, then the options are worthless.

Now you would only do this, ie. convert to shares, if the oppies were in the money, ie. the shares are trading above $2.17, for example, or else you would lose money.

Now i dont know how common this is, ie. directors offering themselves options way out of the money, but i do remember this happened with AUM, and nobody cared because 50c and $1 options were out of the money, but then the share price became $10, somebody made good money.

We could be onto something similar here..... :2twocents
 
Has anyone understood the potential of WMT? The management team running this company have great credentials and do not be surprised if the next few announcements will increase the share price sharply. I am not ramping but I am in the know and I have invested some big dollars in this.
 
Okay,
I think I am getting my head around this one. Thanks nizar for the explanation. My other concern is that there does not seem to be any options for WMT according to the ASX website :banghead:
 
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