Member Info for investor33

Hamm - 2 or 3 weeks ago weren't you urging people to buy at about 4p because in your words ' there is no risk ? '

@Aeschylus

Why do you insist that there is a delay ? The only reference to timescales in the last RNS was the word ' soon ' however if you read it again this comment specifically related to the transfer of the funds from the Ministry of Finance, and not to the other 3 stages which were stated in the RNS, which are ;

1) The signing off by the Provincial Governor

2) The issuance of the special permit to MMHI.

3) The signing of the Land Contract between Matad District and MATD.

So speculation that the Ministry of Finance have not yet transferred the funds is not based on any objective facts. It's very likely that MATD will not release the next RNS until all 4 of these stages are completed, and 2 months for all this to be done is probably not even realistic in terms of the sclerotic Mongolian bureaucracy...

WOS - as you wont say how many shares you own, then what's your average ? And when did you start buying ?

Professional : he probably works on a trading desk for one of the MMs...And speaks perfect King's English.

As a matter of fact, how have you got on short term trading MATD ? I think you said that's what you do.

"When my Dividend payment income stream come in all will be clear with my strategy - no stress with spending life trading in front of screen. That is good enough for me "

All on the assumption of course that this LP will finally good, even though right now nobody can guarantee it. I hope the next RNS will be 100% positive, but let's face it, the last few years have been a total shambles as regards MATD.

WOS - If you don't mind me asking, how many MATD shares do you actually own ? You give the impression that you're always adding.

All I can say is that to date fundamental analysis has been a bit of a disaster for MATD ' investors ' whereas someone trading it very short term using technical analysis would have achieved the equivalent of a multi multi bagger to date. And with very little stress and pressure - and with no need to be rooted to this board every single day....

Funny how when one word I wrote was moderated it also removed all the capital letters...LOL.

ojay : actually, i'm looking at nasdaq charts everyday - starting with 30 sec and upwards candle stick charts in real time in terms of time frames. and every day there are multi baggers. i can't wait to get trading them, having been monitoring the highest % gainers every day for several weeks now. and candlestick charts using indicators such as the vwap work very well actually. yes, when news breaks on the day you check what it is - but you don't need to know much more about the fundamentals.

when you next get positive news with matd it will behave in a similar way to very small cap nasdaq stocks, as all the day traders will pile in after they see that matd is one of the highest % gainers on that day. then they will all pile out again, as has happened many times with all the numerous spikes in the matd share price over the years. and they will be using technical analysis when they do this...

don't worry, once i have extracted myself from matd, i will wave goodbye to the lse, and the get rich quick ' investors ' like you, who are obviously so good at analysing fundamentals that you've got yourself in a mess with matd, and ***** about it every single day. it's always someone else's fault - not yours.

me, i'll be off to day and swing trade nasdaq stocks - the lse is a total waste of time. people have waited years for a multi bagger here - some nasdaq stocks go up 1,500% in a day !

Hamm - I thought you did a post a couple of weeks ago saying ' buy whilst you can guys - there's no risk ' ?

A very bullish hammer candle today, which tested down to the 3.2p mark for the third day in succession. That looks like it has defined the bottom of the latest pullback in the upward trend which started mid November. I'm expecting several days of the upward trend resuming, and eventually a retesting of the 4.5p resistance level which held on 27/12/23, 28/12/23 and again on 17/01/24. I mentioned on Friday that there was a bullish looking daily hammer candle, and that the pullback might be ending very soon.

Ojay. No worries - I've been a LTH too, and hopefully it will pay off for all of us before too long. I think we will get the good news soon. I mentioned that Friday's daily candle was a hammer, indicating strength, and indeed there does seem to be some strength coming in today.

By the way, a small cap Nasdaq stock was up by 1,500% in the space of about 3.5 hours this morning on news.......Meanwhile we wait years for our multi -bagger.

Ojay,

Scalping through day trading is a totally different approach to someone on here identifying a speculative stock such as MATD and holding on to it for a long period of time in order to hope that eventually it turns into a multi bagger. It's definitely the riskier end of the investment spectrum. That very successful scalper that I mentioned in the US has average trades of just 4 minutes.

Anybody who had traded MATD both long and short over the last few years would have done very well indeed - the price action has been range bound for years now. Just recently it made a double top at exactly the same resistance level - perfect for short term traders. It's all really obvious when you look at a daily chart for MATD.

If there is some kind of news then the limited no of shares creates a sudden supply imbalance, so the price can shoot up quickly, plus those who are short and badly positioned may be caught in a squeeze, get margin calls and are forced to buy. However it's obvious that these spikes have then always been followed by a huge sell off by the pump and dumpers. Just look at the price action back in 2011 when it shot up to £2 and then fell off the edge of a cliff. Plus some of the trading going on is algo driven - the market makers trading their own accounts for example. These algos work according to classical technical analysis, trend channels, support and resistance etc.

@danieldavis

Try looking at some day traders on YouTube who scalp mainly Nasdaq stocks ever day using a mixture of fundamental and technical analysis, but mainly using candlestick charts of various timeframes, plus level 2. There are some successful swing traders out there as well who are mainly relying on technical analysis using charts.

One scalper I know of has audited broker statements showing over a million Dollars in trading profit for each of the last 3 or 4 years. He's gone from starting with about 500 Dollars to now over 10 million Dollars. I would guess that he's doing a lot better than you - but there again in this world there are cynics and there are those that actually do things and make a success of what they do.....

For those who understand candlestick charts - the last daily candle was a hammer, so hopefully this may indicate the bottom of the upward trend line which started in mid November. I think that I counted that there have been 14 down days since the start of what hopefully will prove to be nothing more than a pullback in the current upward trend.

From looking at a chart, this number of weak daily bars/candles is pretty typical for a pullback during an upward trend with MATD. If not then the trend will be broken, and it will be a matter of where the next support level will be.

In fairness, the last RNS stated clearly that there were several stages still to be concluded, including the land contract. It's been 52 days now since that last RNS - so I personally don't think that in Mongolian terms it's been an inordinate amount of time so far. I am guessing that the next RNS will only land when all of those stages are completed ie the receipt of the funds by the District, the Governor's signature, the issuing of the special permit to MMHI and the signing of the land contract. Mongolian bureaucracy was never going to allow that lot to happen quickly.

People are jumpy because the share price is doing what it has always done - move around within the trading range of support and resistance, with volume low at the moment. With so few shares in circulation, which can quickly create a severe supply imbalance, the share price can obviously move upwards extremely quickly on high volume.

For example - why not clarify whether his verbal agreement was put down in writing ? Why not state who the Governor was talking to when he stated this intention ? In which meeting was this intention expressed, and who was present ? Was this intention expressed whilst the MMHI and and MATD were signing the tripartite agreement, or was the agreement simply signed separately by each party, and then forwarded on for the next party to sign - in which case where and when and to whom did the Governor express this intention ?

Just a simple bit of written clarification in that RNS rather than just saying ' he has said that he will sign once the money....' would IMO make quite a difference. Precision is surely everything when communicating stuff like this.

For all we know they may have been having a drink in a bar, when after a few, the Governor jokingly verbally mentioned an intention to sign the agreement once the money is paid....

Aeschylus. I'm aware of what other various stages need to be concluded, but what I was getting at in my post was that the intention of the Governor to sign once the money is transferred to the Provincial government must surely be stated clearly in writing somewhere ? I'm trying to work out if he has any room to wriggle out of the agreement to add the third signature, given that in the past he has been so difficult.

It would have been more helpful if the RNS had clarified how this intention apparently stated by the Governor was communicated. If it was in writing, then the RNS ideally should have clarified this.

Just thinking that the ' tripartite agreement ' has two of the three signatures signed already. And the last RNS stated that the governor had agreed to add the third signature once the herdsman's money had been transferred to the regional government.

Now I presume that the governor has signed something to this effect - in which case surely he is legally bound to what he has signed ? I can't believe that an agreement for this third signature was purely verbal ? If this is the case, then it really is purely a matter of time surely ? I would imagine that the three parties met at one stage, and the governor then stated his intention during this meeting.

An RNS was released on 14th February last year....Just saying.