Shareswatch Australia

614 responses so far ↓

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• 601 Lachlan // Mar 27, 2012 at 5:43 am

  DXY also at a decisive point of sorts.
  http://www.marketwatch.com/investing/index/DXY

• 602 Greg Atkinson // Mar 28, 2012 at 12:29 pm

  Stillgotshoeson we are in the rather strange situation where stocks rally if they think there might be QE3 in the U.S. I say strange because another round of money printing would imply the economy in the U.S is not recovering so why stocks in Australia would rally because of this is beyond me.

  Looks to me as if the market at the moment is just blowing in the wind. It doesn’t take a lot to send shares up or down at the moment.

  Anyway I have posted my latest short term outlook for the Australian stock market here: Analysis of the Australian S&P/ASX 200 Index – March 2012

• 603 Stillgotshoeson // Apr 10, 2012 at 11:40 am

  Bought 100000 more GOR @ .275
  and 600000 FML @.05

• 604 Lachlan // Apr 10, 2012 at 4:53 pm

  I like the chart set up on GOR Shoes. They have sold down but the RSI is not validating it. It seems to me that the recent bearish action on goldies is really extending things to the downside. Some of my recent picks have lost a little ground when I thought they were ready pull up. It’s hard to believe we won’t see a good rally in progress before year end. I like FML at the 5c price too since I favour AUD gold prices holding here before pushing up again. Good luck.

• 605 Stillgotshoeson // Apr 14, 2012 at 9:12 am

  GOR had a bit of press during the week Lachlan, seems they are at the point of deciding to continue explore and increase resource base or get a mill up and running to start processing ore to fund further exploration.

  Either way it seems later on there is probably going to be a capital raising in the future. Probably the last required.

  GOR is appealing to me as there time frame, in my reasoning, puts them well into the expected rise in the price of gold in the next 12 to 24 months.

  FML appeal as they are already producing, production is improving and there is promising results from treasure island. FML will consolidate share base at some point. 10:1, 15:1 or even 20:1 are possible. Maybe a re rating in to the ASX200 would be the catalyst for consolidation to occur.

• 606 Lachlan // Apr 14, 2012 at 5:34 pm

  I am looking forward to a snap back in this share class Shoes. FML is classic one considering its price action of late. Yes they could go down more but fundamentally and technically they look like very decent odds to me. The flow of this market is slow and grinding though and its like a sideways suspended animation. It could keep this up a while to if we are doomed to such a torture. Either way my purchases are being held till they make a nominal gain.

  Do you know I fiddled around with RRL a few years ago in the 40 to 50c area eventually selling out for break even roughly. Had about 4-5K worth. They looked on the fundos’ to me to have had their run..I was wrong. Today they are between 4 and 5 dollars and like them technically for more upside yet. Rats eh.

  I have to build a decent cash reserve this year so won’t be buying much more but gladly I can get good interest and funds access. I will hit silver again if we go to lower lows eg 28 or 22. The long term chart (50yrs) looks very healthy for much much higher prices. Looking forward to the decisive break of 50 ie 65 or more

• 607 Stillgotshoeson // Apr 15, 2012 at 10:25 am

  Rats is right Personally I do not imagine FML as a ten bagger into the future, you never know though.

  Full value for them I see at 27 cents pre any consolidation of the share base.

  Gold and Silver may still dip again but they still have much more upside yet.

  Robust and Industrea were two that I let go too soon. They both went on to be a better than ten bagger on my original purchase price.

  I still made a profit, around the 100% on both.

• 608 Lachlan // Apr 16, 2012 at 1:34 pm

  I will be trading Focus by trimming at near term resistance and just watching the rest closely Shoes. Their outlook may change in time for better or worse. Now if only this share class can turn around.

• 609 Stillgotshoeson // Apr 16, 2012 at 3:29 pm

  First upside resistance level I would put as 7 to 7.5, 9 to 9.5 will be another resistance level down the track. 12 to 15 will be the major test after that.

  Full value price of 27 would depend on them getting closer to a 300k/Oz production per year at a price over the $2000/Oz level.

  Not sure if I will trade them, might hold out for my original target of the 12 cent + region.

  Will depend on the market at that 7 to 7.5 cent level I think.

• 610 Lachlan // Apr 16, 2012 at 5:43 pm

  A study of price shows that participants have supported the share nicely at around 4-4.5c and the action since the Oct 08 low has been bullish. Longer term the chart has been jammed in a declining wedge since an April 02 low. There may be an explosive run above 8-10c but I will trim a little there to reduce risk…if and when.

  Many metal shares are in deep support and nobody can say short term they will definitely go one way or another. I can only say for mine that a lot of risk is gone from the market and its time to start accumulating more seriously. Another leg down would be a signal to step up again and buy. Who can possibly say its time to sell? Is the market in a bubble, irrational exuberance, blow off top? The charts suggest metals shares are unpopular right now.

  This post does not constitute investment advice and the class of assets discussed are volatile and risky.

• 611 Stillgotshoeson // Apr 20, 2012 at 7:26 pm

  A jump to 10 cent + might prompt me to sell half and move onto another stock and sit on the remainder.

  100k portfolio has had a stock sold and another added. updates tomorrow when I get a bit of time to sit down.

  Just got back to Melbourne. Spending about a third of my time in NSW at the moment.

  API sold CDY added

• 612 Stillgotshoeson // Apr 22, 2012 at 9:59 am

  IMF 7407 @ $1.38 $10221
  ABY 13000 @ $.67 $8710
  GRY* 8500 @ $.99 $8415
  PRU* 3900 @ $2.52 $9828
  FML* 185000 @ $..049 $9065
  BPT* 7500 @ $1.43 $10725
  CDY 500000 $.02 $10020
  BKP 714000 @ $.015 $10710
  CTN 11000 @ $1.15.5 $12705
  EXS 30000 @$.177 $ 5310

  Shares $95709
  Cash $ 5194
  Portfolio $100903

  Sold API 37700 @ $.395 $14891
  Bought CDY 500000 $.02 $10020

• 613 Greg Atkinson // May 12, 2012 at 10:05 am

  Despite the recent falls I am still sticking to my forecast for the ASX 200/All Ords for 2012 at this stage which I outlined in January: Australian stock market outlook & forecast for 2012

  This means I reckon the market will finish between 4800-5200 which will still leave us well below where we were just before the GFC.

• 614 Stillgotshoeson // May 13, 2012 at 12:15 pm

  We are going to have falls and mini rallies for some time yet.

  IMF 7407 @ $1.43 $10592
  ABY 13000 @ $.55 $7150
  GRY* 8500 @ $.73 $6205
  PRU* 3900 @ $2.52 $9828
  FML* 300000 @ $.038 $11400
  BPT* 7500 @ $1.28 $9600
  CDY 500000 $.017 $8500
  BKP 714000 @ $.013 $9282
  CTN 11000 @ $1.10 $12100
  EXS 30000 @$.165 $ 4950

  Shares $89607
  Cash $ 805
  Portfolio $90412

  Bought 115000 FML at .038 $4390 Inc Brokerage.

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