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Dav3J: I am kind of 'reconsidering' my tech analysis view as the current support and lack of trading isn't what I was expecting quite at this point.
However, interestingly EUZ (the other metals company I've referred to and which shows a completely opposite trendline as I expected) is trading more 'briskly' wrt SP; which is what I was expecting UFO to do here.
I'm hoping it's just a 'sticky' week and movement should initiate shortly.
Personally speaking; and somewhat greedily; I want the SP to drop briefly so I can grab a further Short Tranche batch of shares - I still want the shares to continue upwards; especially as I think this share can certainly double over the next 10-12 months (if not more).
but that's the market. I suspect trading is concentrating in others sectors at the moment (renewables) and will return shortly.
But being Short, Medium and Long in both UFO and EUZ is giving me plenty of no-lose options for sure :-)
Mr T : Yep I do agree with you wrt people selling without doing sufficient self-research.
And thanks for 'investment' support (i.e. good wishes).
You too; and here's hoping a spike occurs in next 1-2 weeks :-) (preferably in the right direction)
BF
MrT: ".... I noted a few mug punters sold today at a loss!!!"
Not necessarily a bad thing as you seem to imply.
I agree selling for a profit is a good thing, no matter how small. However, my point was aimed at individuals selling at a loss through lack of patience or research. That is plain daft.
Good luck with your profits, as I say, no harm in doing that.
Mr T
BF, personally I can't see these retraces happening. We've seen consolidation of the SP and holders selling up to take their profit at every level on the way up to 0.20 today, so I can't imagine why we'd suddenly see selling all the way down to those levels. Interestingly we're seeing less selling than I expected this morning, having reached the round number 0.2 bid price, looks like there are a few holders who are sticking it out for much bigger gains.
MrT: ".... I noted a few mug punters sold today at a loss!!!"
Not necessarily a bad thing as you seem to imply.
for example, I was one who sold 'some' of my shares and reaped over 5% profit on that tranche over a 3 week period - not bad at all in my view.
I part sold because I could take a nice little profit during hat I consider a 'sweet spot'. I'm 'guessing' the SP will retrace slightly down towards the 0.17-0.18 mark now; so will use the total sale funds to gain a nice gearing for a future spike.
Logically, if the SP continues to rise and even spikes on earlier than expected good news, then I still have my medium and long tranche holdings to reap additional reward.
So, from my point I'm now on a no-lose ride. My current 'small' tranche sale should cover any 'medium' tranche loss that may occur; while my long-term tranche gives potential for a very nice Summer/Autumn.
If the SP begins to retrace in a defined-manner; and based on the RSI & MACD deviaitons; I might even sell the Medium term tranche to gather 10%-15% before buying back in to give myself further future gearing.
Compounding is the way to go! It's serving me well - thus far :-)
It would be nice to think others have done the same - but that's up to them as to their investment strategy.
P.S. Have you or anyone else looked into the SP relationship between UFO and EUZ.... it's an interesting 'plot' (pardon the pun). Seems the two companies are perfectly opposing each other at present wrt trend lines etc. A very interesting 'play' appears to be establishing.
I think some investors think it will fall to .15.16 I think there is more chance of 0.3 than 0.15-.16, . Hopefully some jv news soon. I will keep adding around .2 or under and will revaluate depending on news
Pashman,
Yes correct and I noted a few mug punters sold today at a loss!!!
Mr T
Ticket up at end of play, still a great price to get in at, could seriously be multiples from here by end of this year and a much closer spread gla