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It is necessary and could retrace as low as the high teens.
In the unlikely event that the price smashes through 27p then a parabolic move could occur but personally I’d rather the correction as those big moves come down hard and start an unwelcome downward momentum.
Levs this was your last post on the HE1 board haha...
‘Don't expect miracles after a placing. The price is bound to fluctuate and price rises sold off. There is also the negative sentiment towards the possibility of the price retracing to the placing price or lower. This will deter buyers and will encourage others to sell on a rise. I'm out but will buy back at the placing price or lower. If it doesn't get there I'm not bothered as I've made some profit from HE1 and wish everyone the best of luck!‘
You keep waiting for those high teens or placement prices
The price retraced after the placing to 10.26p as expected. What’s your point?
Would you rather the sp keeps ploughing up and up?
Too fast too soon not healthy lad!
Trust me a retrace will do it good!
Keep your eye on 27p ;)
My point ‘lad’ is that your post sounds very much like
a deramp and you sold out too soon. That’s okay, but it’s of no concern to anyone else on this board.
Ofcourse a pull-back in any share is natural I agree with you there. However suggesting this is now overbought as soon as it gets to 27p is rubbish. Are you telling me it climbs 1p a day and as soon as we hit your magic 27p threshold we will pull back to a figure you fancy jumping back in?
Just have some integrity. Good luck
The market would take all my shares at full ask most of the day... this is going up before it goes down then further up. Point is at 30p pre drill results it’s probably still cheap as a risk reward. If this hits on first drill it’ll be near a £1. If it misses the it’ll prob hits placing price around 10p....they have the fiancé’s and the contractors have taken payment in shares. Not sure how charts or the rise mean anything. It was undervalued and some people missed out. They’ll still spout the same stuff after the drill bit confirms what we all believe. I miss the days of two posts a day....oh the 7-8p days
Your assuming I’m not holding. So your pi55ing in the wind son!
I’ve made an observation based off the chart not pulled a figure out of my a55.
As I said it could break through the upper trend as stocks do which would probably result in a mega move! Hallelujah!! But, mega moves have mega corrections.
Smaller corrections early on are best for sustained growth.
These boards aren’t just for ridiculous mindless ramping. Debate is healthy and constructive views should be welcomed not shot down by narrow minded bitc-hing.
Sniper88,
Damn, you are not called snipper for nothing, are you? Nothing like a quick research on old posts to spot the muppets who try to get in lower but will in the end have to pay to price they deserve to pay.
I hope we climb 10% on the opening as tomorrow as we will find out more good news as our CEO loves given us nice surprises and derampers like these will have to cough up more; mind you, so will I as I want to top up, although I don't mind having to pay a premium as I did my research.
GLA
No offence Levs, its difficult to take anything you say seriously with your last post when your start typing like a child.
Good luck trying to get back in if that is your end goal though. No harm in wanting a lower entry point, even if you did sell early in hindsight.
Levs... let’s try again.
You posted this message on the HE1 board 21st April @ 13:30 when the share price was 12.2p - since then there’s been no retrace back to placing. The share price since you posted has gone north too quickly for your liking, but no one cares!
‘Don't expect miracles after a placing. The price is bound to fluctuate and price rises sold off. There is also the negative sentiment towards the possibility of the price retracing to the placing price or lower. This will deter buyers and will encourage others to sell on a rise. I'm out but will buy back at the placing price or lower. If it doesn't get there I'm not bothered as I've made some profit from HE1 and wish everyone the best of luck!’
Thanks for trying to help us all with your wise words; it you’re just making yourself look silly though! ATB
Mr Spacetomato and the rest of the board, no more replies on the matter ;) sorry for taking up space on the board arguing, but I like to call out a lier when he has no good intentions! Onwards and upwards team HE1
I swear there were also people saying that it was going to drop after 20p because of "ooo lines I drew on a chart said so". Those lines don't mean diddly-squat when the fundamentals are at play
I'm not sure if this is helpful as some opinions are so entrenched that it makes a discussion on this very difficult so perhaps for the last time:
Logically fundamentals are lagging indicators of the SP. For instance the SP reflects currently the potential, not the actual value of the company. So when people buy and sell shares they are looking into the future. And those same people have different risk appetites and time scales and funds to apply, so the SP is naturally very fluid from day to day.
Charting is all about the most likely next outcome. Its not predicting the future.
Currently this stock is in "overbought" territory, it was on Friday and is now even more over bought after yesterdays further rise. This means that it is more likely than not to have a down day or two, or to retrace. It does not mean it can't or won't go up again today, but the odds are against it, that's all. The further over bought it becomes the bigger the retrace is likely to be.
This is not meant to be contentious or revolutionary in thought.
It seems to be assumed that if you use charts you are a "trader" and that is, to many here somehow a bad thing? Also if you are a "trader" then it is also assumed by many that you day trade. These assumptions (like all assumptions) often lead to incorrect conclusions.
Personally, and only as an example, I am looking to increase my holding here. However I will not buy at the current level as I expect it is more likely to fall from this price than increase. However, It may not and it may rise to 30p, say, and fall back to 26p before I decide to get in.
So my entry could be above what it is today. But that doesn't matter. What does matter, is that very reliable indicators say its prudent to wait.
I don't know what's going to happen next but I will be patient, using a methodology that is proven to me, to help secure best value (risk/reward) entry and exit price .
Somehow and for reasons I don't fully understand FA stock pickers are terribly competitive about which "method" produces the best results, in a way that chartists actually are not. (Many of my posts when commented on in a negative way, raise points that are not actually what I say in the post.
So I am not "predicting" today will be a down day, simply saying I think its more likely than not. And if today is an up day at the close, then the odds are even greater tomorrow that it will retrace.
Well said wyn
The share price is simply our own (investors) money and not actually business success (profits)
It worries me that when the drilling starts we either wont see the jump we had hoped. Or we will but shortly after see a major fall (correction)
This will undoubtedly scare the flake traders away too.
The time will come where holding will be a bold and brave move but like many others here I believe in HE1 and a future.
Hold for gold baby and GLA
Tom
Stating the obvious..nothing goes up in a straight line..this is alot of fomo. People saying it's worth more. It's worth nothing at moment as they have no asset. But the potential is huge. It's a gamble get your stop losses in place. Dnt get burnt..I'm calling 26p Friday finish.
Stop losses are unlikely to kick in if drill results wernt up to it, the drop would be too quick and quite possibly go out of the stop loss parameters. Its one you have to keep a close eye on im affraid and if you did want to sell quick forget apps, its a phone call you would make.
ballard, I agree with your post but you have to be careful placing stop losses. This is, afterall an AIM share and we know how quickly they can drop the price off a cliff and take out stops only to do an immediate about turn leaving some who put stops on, out when the price rises.
A retrace is inevitable before the journey north. Especially so, we have a further fortnight before spud. All is well. Chill!
A whole month is a long time and a lot of people will see opportunities to make money elsewhere...give it a couple of weeks and they will be back....will be a few down days but should pick up massively towards the end of the month
Well, looks like waiting for that price correction is going to cost me more in the long run, might feel more confident we are going to go back up,.. But sentiment for 30p is very strong, and that is the driver..might be wrong but thats where my money is.
Wyndrum I just wanted to say that although you certainly seem to have a habit of ruffling people’s feathers, I for one appreciate your thoughts and opinions. From what I see, it is their inability to accept a different opinion to their own that is the problem, not you!
I’m also in Avacta and Bushveld where I’ve seen you defend technical analysis. So far on my investment journey I have purely gone on fundamentals but comments from you and some others I follow suggest that learning some TA, will be of great help to me so I will be sitting down over the weekend and learning all I can - silly not to soak in as much knowledge as possible. People like you and Trek kindly leave helpful nuggets of advice for those wise enough to appreciate them!
Charting could be invaluable here, I sliced yesterday to leave a free ride but there is always the possibility of a tempting re-entry. If not, doesn’t matter.
Thanks Igrow,
Having bought and sold (since I was a teenager) and lost more than I made, I wondered if it was a puzzle and was there a solution? And that's when I found out about TA.
But its taken me a long time to quell the emotional side and to "trust" what works most of the time.
Its all to do with emotion and its easy to see when reading any post on a BB, the "Fear & Greed" motivators to peoples opinions.
The bottom line (for me) as to whether or not TA can work is to understand its about the psychology of crowds. Its people who buy & sell shares and its therefore they that move the SP. Whether its a punt, an expectation of a good drilling report or just an appreciation that the earning potential of the company looks promising, its their actions that move the SP.
If you accept that it is the relationship between buyers & sellers that move the SP then the next step is to decide whether or not their actions are predictable. If you believe they are not then you are pretty much doing away with psychiatry and understanding that under certain conditions, peoples reactions can be predicted.
Its much easier to do that with a crowd rather than an individual. Hence various tomes on "the Madness of Crowds"!
And Money is a great emotional motivator and if you then couple it with Fear & greed as two of the most powerful emotions then you have got yourself a ballgame.
Anyway, that was why I thought there was a solution to the puzzle and it then took me a lot of time as I said up top, to figure it out to my advantage.
But each to his own. Nothing is full proof and whatever consistently works for the individual is the plan to stick to.
I'm zero rated when it comes to the TA side of things and in many instances, particularly on AIM, I believe its use can be limited as many large price rises or falls are news driven. That said it definitely has its uses and as you say many people use charts so what they "read" can be self fulfilling to an extent.
I've never been able to get my head around charts and would certainly appreciate some help, such as which ones to use, and what indicators are essentials. The rsi is fairly straight forward but I'd like aso to follow the MA50 and 200 but as an example of my lack of expertise, I can't even find the 200 MA on Market Screener. I've got the 50 MA and 20 MA though !
Any guidance would be much appreciated.
In this game for me the fundamentals are essential but anything that can be added to the mix is to be welcomed.
wyndrum
Apologies, I omitted your name. I do wish LSE had an edit function.
Sentiment and potential, and many following that with little research. At the moment I believe many believe 30p is a good target, and TA has predicted 30p.. Thats enough for me to hold, rather than take the high at the moment and risk a good position(at the moment).. As we approach 30p then those highs will be tempting..But I could be totally wrong...
@Noix 16:02
This might help although its for the otc market in usa. There is a few nuggets in their for yah. Even wyndrum philosophy
https://www.investorsunderground.com/penny-stock-trading-guide/