Australian (ASX) Stock Market Forum

WMT - Western Metals

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I used to do that, but now if I'm in one company and the share price is going
up I stay in, even if I think something else might be going up quicker. Have
been caught too many times.
 
Snakey said:
maybe but i have just sold out of wmt to take up a position with hlx
good luck holders

Big mistake snakey, first rule of trading always let your winners continue to run and cut losers quickly. Let me tell you snakey this is no loser.
 
jemma said:
Big mistake snakey, first rule of trading always let your winners continue to run and cut losers quickly. Let me tell you snakey this is no loser.
i know jemma
u r right.... i might be back soon anyway
starting to regret already :banghead:
i must work on the greed thing :)
 
:banghead:
Snakey said:
i know jemma
u r right.... i might be back soon anyway
starting to regret already :banghead:
i must work on the greed thing :)
Before you start banging your head, listen to my story. I bought 1 million at 2.3c early last year and then sold them for a 10% loss. If I had held them they would be worth $150,000. So before you bang your head, let me bang mine first.
DYOR
 
Fluffy said:
lol snakey,

why'd you exit so early...it is gonner keep running, closed at 15.5cents
i know, i know :banghead:
still have a smal parcel :rolleyes:
time will tell if it was a mistake
hlx closed 12% on my buy price. :cautious:
 
Snakey said:
i know, i know :banghead:
still have a smal parcel :rolleyes:
time will tell if it was a mistake
hlx closed 12% on my buy price. :cautious:

Don't you guys normally just get excess $ lying around and buy other potential stocks rather than selling stocks that are on a run and investing it into another stock that one thinks will generate profits also? That way you're making money from both stocks...
 
I sold NWE today to get more HLX based on the price of NWE being fairly static. I get out and they go up 15% same day.

Buffett might have been onto something...

But how do I get more WMT....
 
For interested beginner chart followers....a basic unfolding of a well documented pattern. :)
 

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are we gonner get divergence soon on the MACD histogram thing?

if you draw a line from the peak of the histogram in the MACD on 29/11/06 to the histogram forming say 13/02/07 ...if its a low value below 0.0061...then we have divergence...meaning the uptrend is gonner stop?


or is it meant to be draw like this...meaning there is no divergence LOL
 

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Seems like theres alot of pressure behind this stock. Just keeps going up & up. Why all the interest? Is there any news due soon?
 
... whatever is going on doesn't seem to be affecting URA.

So much volume and yet no news, no further ASX enquiries.
 
Fluffy said:
are we gonner get divergence soon on the MACD histogram thing?

if you draw a line from the peak of the histogram in the MACD on 29/11/06 to the histogram forming say 13/02/07 ...if its a low value below 0.0061...then we have divergence...meaning the uptrend is gonner stop?


or is it meant to be draw like this...meaning there is no divergence LOL


wow :confused: :confused:
 
Sanhedrin said:
Atomic Whats URA got to do with WMT???
:cautious:

URA on the LSE:AIM who has the farm in agreement with WMT in Tanzania - speculatively meaning that the recent volumes with WMT may not be due to any business WMT has in common with URA (LSE:AIM).
 
Top 10 Market Movers by Volume as at 12/02/2007
ASX Code Description Delayed Quote Close Today's Move %Move Trades Volume
WMT WEST METAL FPO [WMT] $0.16 $0.155 +$0.005 +3.2% 988 79,500,390


top mover today by volume. maybe a break for 20c coming up. seems to have the volume & attention. intraday high of 17.5C
 
Giss what do you make of the "shooting star" candle today?
Would anyone interpret it as a sell signal???
 
Probably a bit of profit taking happening. Moved fairly quickly from 10c to where it is now. Maybe some consolidation is due. Or maybe there is something in the works..who knows???
 
Sanhedrin said:
Atomic, whats URA got to do with WMT???
:cautious:
Hello there!!! URA own the licences in Tanzania and are partners to explore and exploit any resource.

P.S Is there going to be a new notifiable shareholder in WMT? Lots of smoke but no fire at the moment.
 
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