WMT - Western Metals

[Rob_ee]

Its a funny thing how market psychology works.

My MS exploration gave this as a good buy at .27c but I read the announcements of the .21c placement and didn't buy out of fear that the SP would have to retreat to nearer those levels.

I was a little annoyed with myself when it rocketed past 40c.
Bought a few days ago at .345 (well past my original .27) because I have given up reading announcements and now only go by price and volume.

Had I known that all the .21c options were coming on line today there is no way I would have bought expecting the price to retreat substantially today.

A good lesson here to all new market fodder like me (4 months in the game)

STICK TO YOUR TRADING PLAN no matter what your emotions until such time as it proves faulty.

Of course the day is young, anything might happen yet.

Rob

 

[PureCoco]

It is now sitting on .365 cents. I would expect to see it move up gradually in the next few days as it has had a solid consolidation for a few weeks.

As for buying I buy when I have spare cash. I don't have the freedom of some of these lucky humans to buy vast amounts and sell fast. It is all long term.

 

[i4560011]

Really don't know why people are assuming the SP will drop when the SSPP are released. I would of thought there will be a slight correction when the announcement was made, not months afterwards.

I bought into this company around the 25cent mark in early April after a noticing it was a strong support. I assume that was when the SSPP was announced?

35Cents seems to be the current support, being hoving around it for the last few weeks

 

[Rob_ee]

Really don't know why people are assuming the SP will drop when the SSPP are released. I would of thought there will be a slight correction when the announcement was made, not months afterwards.

I bought into this company around the 25cent mark in early April after a noticing it was a strong support. I assume that was when the SSPP was announced?

35Cents seems to be the current support, being hoving around it for the last few weeks

At the time I was trading for a grand total of 2 months.

As to why ... fear, inexperience and all the other things that confuse a novice trader when confronted with the obscene amount of money that changes hands daily.

Having bought at 34.5c feeling Ok at the moment BUT tomorrow is another day

Rob

 

[AndyMc]

Hey guys

I just placed my first ever stock purchase tonight on WMT...

I hope I didn't noob it up.. I was a bit confused with what amount i should put in the "at limit" column and "good all day" option..

It wasn't a large order only 2200 shares and set the at limit to 0.3800 (I hope that was the correct thing to do)

 

[daveo1]

Hey guys

I just placed my first ever stock purchase tonight on WMT...

I hope I didn't noob it up.. I was a bit confused with what amount i should put in the "at limit" column and "good all day" option..

It wasn't a large order only 2200 shares and set the at limit to 0.3800 (I hope that was the correct thing to do)

about the same as my ist time

always seems different when its real not paper.

ps. dont worry about what other people say (remember its only unsubstaniated gossip!) ( and a very good read:alcohol: )

 

[bravo]

G'day guys,
top 20 shareholders opt. ann. very good.
Big instut. are holding now big percentage,
Today is another day to run I think,
good luck for all share holders, this is a good stock to hold for long term I belive.

 

[yada]

Has anyone received a refund for the un-allocated part or a letter confirming the amount of shares that were allocated yet?
I'm yet to recieve either...

 

[clowboy]

Has anyone received a refund for the un-allocated part or a letter confirming the amount of shares that were allocated yet?
I'm yet to recieve either...

Recieved both in the same envolope today. As it is a perth based company and I live in Perth, if you are interstate I would be expecting it tommorow or the next day at the latest.

 

[obikwan]

I've received half of the shares I applied for, 11750 and got the securities transfer letter today, but didn't get a check with it. How long do these things usually take? I live in Perth btw...

Oh, and why doesn't the correct amount show up on etrade? It's showing on my portfolio as if i got 11750 shares for free, and it's diluted the initial price i paid???

 

[miiine]

Obikwan are you sure you didn't get a cheque with it? I live in melb, received the security transfer letter. The cheque was on the 2nd page they sent with it.

BTW have you guys seen the options issued this week trading under WMTO? I'm thinking of selling out a few shares to buy the options....

 

[clowboy]

I've received half of the shares I applied for, 11750 and got the securities transfer letter today, but didn't get a check with it. How long do these things usually take? I live in Perth btw...

Oh, and why doesn't the correct amount show up on etrade? It's showing on my portfolio as if i got 11750 shares for free, and it's diluted the initial price i paid???

Cheque should definatley be with the same paperwork.

Only way to get etrade to fix it is to email/ring them and get them to adjust it.

Or if like me you prefer, you can just leave it showing a nice big return that we only ever dream about.

 

[woksta]

I live in Perth as well and only got my allotment today with no cheque. I spoke to Security transfer registrars straight after and they said some cheques were not sent with the allotment (??) so we should receive our refund hopefully Monday/Tuesday. Oh well, just have to wait till next week.....

 

[UMike]

I got my cheque also. I live in Melbourne.

So what do you all think are the prospects for the sp from here?

 

[obikwan]

BAH! Thank you for the replies. I guess the postal service aint that great in Perth...the closer you live, the slower they are lol.

I will wait till Monday/Tuesday also before I start panicking about my cheque

 

[robandcoll]

Same here. Live in Western Australia and only got my allotment letter on Friday. No cheque as yet. Damn this 100 character thing annoys me. Had to change WA to Western Australia to get the 100.

 

[GRTRADER]

Are many people here long term holders? If so im interested in what you think the SP will be in 6 and 12 months time

Cheers

 

[bravo]

Are many people here long term holders? If so im interested in what you think the SP will be in 6 and 12 months time

Cheers

Yes I'm, depends Henry, Ruhu and QLD. announcements which is coming soon 6 months I guess SP possible .80 cents and 12 months $1.10

 

[Sean K]

Yes I'm, depends Henry, Ruhu and QLD. announcements which is coming soon 6 months I guess SP possible .80 cents and 12 months $1.10

Guys, any sp predictions need to come with analysis. It's fine to put some prices out there as long as they come with some TA or FA. So, please provide some justification for these prices. Thanks, kennas.

 

[nizar]

Yes I'm, depends Henry, Ruhu and QLD. announcements which is coming soon 6 months I guess SP possible .80 cents and 12 months $1.10

Oh you reckn?
Dont downramp this stock please my target on this one well i cant say but put it this way, it will make RIO shares look very cheaap! LOL