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Can anyone explain the rapid upward movement,please? Has there been a news item (BBC?) or something because this is very nice!
A pullback was expected after last week's rise and we seem to have found support at the 385/390 level. On the weekly chart the stochastic oscillator is indicating a change in trend direction last week (as NCYT hasn't been trading long enough to create a 200MA on the weekly chart to gauge the trend you need to draw a 150MA and we are trading above that) and the MACD is in oversold territory and has moved up thru the signal line so... very positive. After testing this new-found support level a few times over the next few days (weeks?) we should be ready for the next move higher.
...just now after selling my (small) holding last week (bought @0.39 the week before and sold @0.57). I was only offered the "ask" by the MMs so presume that there is gathering support at this level. On the 10 minute charts (the one I use for fine tuning entries/exits) the MACD is oversold but curling upwards and the RSI is below 30 and looks like it's about to move up so we could be about to see upward price movement.
Mr.B - I must agree with you about that. I have been reading charts for the better part of 30 years now and, although they ARE very useful for MOST stocks, they aren't for little comps like ZPHR. One RNS can have the SP blasting off in either direction and THAT makes a mockery of things like momentum indicators (MACD + RSI for example). Most people able to read charts already know this, of course, and charts CAN be helpful in certain situations (eg judging when a "bottom" has been reached RNS notwithstanding!) even with the factors involved.
T - if you check out the 10 minute chart (the one I use to fine tune my entries/exits) you will see that the SP has traded sideways for the last 2 hours and the MACD + RSI has started turning up (so getting support at this level). I meant that ADV has a lot of upward movement left in it over the coming weeks not necessarily for the rest of the day. There are always those who may worry about a pullback 2moro and could sell towards the end of the session 2day (not to mention the daytraders) so anything could happen but this stock is on it's way I think.
I sold my TRP last week @0.57 glad I did because although it carried on upward for an hour or two it dropped right down since. The dips on TRP,PXC,ZPHR & ADV are good buy-in opportunities IMO. I'm waiting for ADV & ZPHR to double in price before selling half my holdings (have advised Leathal to do this with his holdings as these "high-risk" stocks are "zero-risk" if you got them for free!!!
Hi Troajan, You mentioned ADV over on the ORR board (I'm posting a reply here as THAT board has too many numbnut rampers for my liking!). ADV hasn't finished rising by a long chalk ( holder since end of July @ 2.80) lot of upside to that stock (ZPHR too! holder of that one as well @ 5.6). WRES seems interesting though I can't voice an opinion on it yet as I haven't done my research on it (will do that 2 moro pm).
Hi Leathal, hope you had a good time! What I said should give you food for thought but will discuss that in private. JTB, there are many on this board with different views (the ones with what I consider to be honest ones I take on board - the "mugs with agendas" I have now filtered out). One last word on ORR before I quit this board (my desire to spread the gospel on "being cautious and trading ORR the way you need to if you are going to make money" is done I think now). The SP DID more or less trade within a range between 0.40 & 0.60 as I said in my previous post (July '18 - Dec '20) but it also sank down to 0.30 at one point. I am not sure that we will not see those levels again and if we do then, of course buying more right now is going to look really stupid when you could buy up many more shares much cheaper so factor that into your thinking mate. Only buy up more if you are convinced we have bottomed and I'm not sure we are there yet. Good luck all, hope my input helped you view Orioles' situation from "the other side".
Hi Leathal, I sent you an email yesterday after looking at the TA for RMM hope you got it.
Morning guys,Jack you asked about a strategy for trading your way out of this present situation so let me say a few things here. The over-excitement (and over-investment) that existed from December 2020 to March 2021 has , for the most part, drained away. The results that Oriole is delivering that WOULD have moved the SP much higher THEN is not doing so NOW as the market has priced-in the fact that Oriole "...has a bit of gold..." (I am in danger of "dumbing down" the market here but this is my view of it and its reactions) not "...a mountain of gold... just a bit of it...!!!". What the market is waiting for, of course, is THAT RNS which tells us that Oriole "...has discovered a mountain of gold..." and is then - THE NEW GREATLAND GOLD!!! I'm not saying that THAT RNS won't arrive 5 minutes from now as with small exploration companies like Oriole it is quite possible that it might! BUT we are all dealing here with "probabilities" and the market doesn't think that this IS a probability - more a possibility now and we have all experienced the SP getting to grips with that subsequently.
There are many ways of trading stocks and, as I said last week, you don't have to use ONLY one way to trade the same stock as sometimes you need to change tack on it due to a change in circumstances. Well, the circumstances have definitely changed with Oriole (at least regarding its SP) and people need to view the present situation thru a different prism and start to realise that you can:-
1. Just sit tight and hope that the SP will eventually come back up if you wait long enough!
OR
2. Accept that you made a mistake buying in and then not taking profits when you had the opportunity to do so and now need to view the exercise as one of "rescuing your money".
If you are one of the types that thought the best/only way to trade Oriole was to "buy & hold" then you will probably take course #1 and the upside you have in your favour atm is that between July 2018 & December 2020 the SP traded in a range between ca. 0.40 & 0.60 (right where we are now). There is an argument for saying that the SP is now so depressed that it CAN be bought at these levels because it's not going to go down much further and I would not argue against that. The "fly in the ointment" with this view is that the ONLY thing that will move the SP higher is AMAZING news as just "good news" won't!
If I were in this I would be looking to sell spikes and reduce position size. Last Tuesday I advised selling the spike and, at least partially, getting out when the SP was over 20% higher than it is right now and some here took that advice and I am glad they did as, if they had a mind to, it WOULD be possible to get in at these prices to get a better average (as Kutzz mentioned) but THAT boat has now sailed. Take ALL input from both the risk-tolerant AND the risk-averse (like me) and work out what the best move forward is for you as only you will know where you stand on THAT spectrum. Hope this help
Hi Troajan,Oil has done very well in 2021 so far and will continue to IMHO as countries become more & more fully vaccinated. This will be a rolling situation where one country after another comes out of the economic stranglehold the virus has on it, bringing them back "online" so to speak. The old bull market expired in March of last year with the FED & central banks around the world effectively putting economies "on life support" subsequently but this situation is about to change over the next 12 months with countries like ours & the US leading the way. The virus itself is "the wild card" of course, as we are all praying that a "super variant" does not appear that can render the current vaccines useless but,taking that one (super variant) never arrives we are in for high times over the next 5-10 years as economies have had all this stimulation and populations have been locked up we have a huge pent-up desire to "get out there and live"! I am expecting a global return of "the roaring twenties" with the 2020's echoing the 1920's but MUCH more so. It will be a tide that raises ALL boats so it won't matter where you have your money invested you will make money. I may be wrong with my prognosis but that is where I think we are all headed, time will tell I suppose.
I'll keep my fingers crossed for you,Troajan!
One more thing to add from a TA perspective. The daily chart shows the 200MA at 12.1 on Friday's close which,as EWT98 knows ;0) could also provide a rally point for buyers! We'll see!
Hi Jack the Bear, You asked me to cast an eye over wsbn for you and it seems to be another one of these little exploration companies with "bags of potential"! (like a good half dozen others I could mention). The SP is far more stable than than some this size but if you are asking whether this is "a proposition" I couldn't honestly say as I have a different trading/investment strategy to you BUT,after reading your post to AG 1989 on the morning of the 1st July over on the wsbn board, I have to say that you have the right idea. I cannot disagree with anything you said indeed Troajan has the same strategy when it comes to stocks like these. GGP has a lot to answer for really as there are a number of these small expl. comp. that have been bought with the idea that they might be the next GGP and THOSE don't come along very often. I have always advocated caution with the market re: high risk stocks but so long as you are not piling everything you've got into ONE company or SOLELY high risk stocks you might be lucky - hope it works out for you with this. The latest support level is a relatively new & untested 10.75, the RSI & MACD are pointing down atm indicating that it is NOT a buy right now. If you intend to buy more I would suggest waiting to see whether this 10.75 S/L is respected - if it is and the RSI (37.77 atm) sinks below the 30 and then crosses back up thru it & MACD crosses up thru the signal line this will be a buy from a TA perspective BUT remember that TA alone,of course, is not always a reliable indication of what to do next with little high risk companies like this one! Hope this helps,m8.DST
Leathal,I have NOW properly completed the "telegram" details and my username is now:- Dogstartrader (note the upper/lower cases). I will try to send a msg now,hear from you later.
Hi Hunni, Believe me trying to balance out the rampers is not that nice a job really. You soon get sick of being "the voice of reason" but I feel rightly or wrongly that somebody needs to get people's feet on the ground and try to formulate a plan rather than sit like frogs in pots slowly being brought to the boil! The footy's on so I'll keep it brief but nobody has seemed to notice the fact that since mid Jan or so we have had a succession of lower highs ie the spikes are getting smaller & smaller indeed Tuesday was a classic "dead cat bounce". The market has got to a stage with Oriole whereby the results had better be astounding or it is just going to deliver more bouncing dead cats!!! Some of you lads seem like really good sorts and it would be a pity if the rampers took over the board as more & more of you would listen to their crap and TOP-UP with more and more of your money. I'm not saying that things won't get good as I just don't know but don't listen to the "mugs with agendas" as they will use you to get out! Have a good w/e,DST
Mitm, Just to remind you what I said to JTB about the"partial sell" as a strategy. For those people that have money and are not completely up to the eyeballs in Oriole THEY have options BUT if you are completely 100% invested with no cash on hand the best thing to do is sell a small % (you decide how small a %) of your holdings and take a much smaller hit than you would if you sold up everything (which is absolutely NOT the thing to do right now). If you are in for £20,000 for example and had sold 25% of your holdings (after buying in at 1p) on Tuesday when I was advising people to get out at least partially you would have got around 0.70 and would have made a loss of around £1,666 (current SP is NOW at 0.56 - 20% lower!!!). This would have been painful but with £3,333 or so you would have been able to re-invest somewhere else and recoup. You would also possibly be in a very good place weeks/months from now if the SP dropped down even further. If the results came out next Monday and were great you would still be 75% invested and would have immediately not only made up your loss but made a profit too. The mindset needs to change in situations like this from one of "making a profit" to one of "rescuing what you have" as if you are wiped out completely it is very hard to come back from that. The rampers are using "greed" as their cornerstone whereas I'm advocating the need to view this as "survival. If it was guaranteed that the next set of results were going to be great I would,naturally,take a different tack but nothing is guaranteed with these kinds of company - it's a gamble and the rampers won't shed a tear if you lose your shirt so do what you feel is right for you! I'll let you go,mitm,have a good w/e.
Leathal can you give me your Telegram login please m8 and I will send out my maiden msg?
Hi Kutzz,You,hunniford and all the other non-rampers are welcome to contact me thru this "telegram" app I have just downloaded (I,like so many of my generation, am OK with what I know when it comes to social media,apps etc but am always a bit unsteady with new ones).
You have just mentioned in your post about "averaging down" but this isn't exactly what I was talking about mate. I have tried this week to get people to view Oriole in a different way in order for them to start making money instead of just watching numbers on a screen grow and then diminish. The "buy & hold" strategy alone does not work with Oriole THAT has been proven without ANY doubt over the last 6 months. I reminded people here that some bought at 0.5 watched it go all the way up to 2p before (like the grand old duke of york) watched it march all the way down again! I have helpfully (at least I thought I was being helpful) pointed this out with the advice to change your/their trading strategy from one of solely "buy & Hold" to one of separating your stock and treating each portion differently ie 70% B&H + 30% Short-term trading spikes & dips as well as getting out with this portion and making money with it elsewhere while ORRs SP sinks. I'm advocating flexibility not "an averaging strategy" though,of course if you can make money elsewhere with the STT portion and if the ORR SP heads down to 0.44 or something and you are pretty sure it has bottomed there WOULD be an argument for buying up the cheap stock and creating a better average but you need to be sure it has bottomed,of course. If my posts on this have been unclear/confusing ask Mitm as he was already doing this without my input (possibly Legalwolf too). Identifying what kind of stock you are dealing with and then applying the applicable strategy is half the battle add TA and other things and you are armed for battle! Hope this helps,m8.
Leathal,really it doesn't matter what these rampers think as our conversations are just that -OURS! It is none of their business what we discuss and use of the "filter" option is advised (i will continue to post and "weed" out the idiots with that same option). The very fact that this person/these persons are having a go at me shows them up for what they truly are. If people can not post freely to one another without fear of being attacked by idiots then what is the point of this board or any board for that matter. My sides are hurting right now as I haven't laughed so much in ages!
My login name for telegram is (naturally enough): Dogstar
One last word,if Emerson AveryB Hornygoatweed is actually this guy's name I would have loved to have been there for the christening!!! Hahaha