PYX Resources: Achieving volume and diversification milestones. Watch the video here.
The charting service I use have highlighted this as one of the best looking charts around at the moment having formed a bullish diamond formation. Onwards and upwards to the mid 90's according to them. Hope they're right as I may actually see a profit on my ill timed purchase.
Stock up nearly 20% yet not a single comment. This stock is so far under the radar with most investors who blindly believe commodities and oil are the only ways to make money. Big sector rotation going on with the easy money having been made in those areas now being switched into consumer cyclicals as investors realise banks, builders , retailers etc will continue to make good money despite brexit. Read the glencore message board , it's like the blind leading the blind.
Lovely chart, lots more to go for.
Looking good here. Brexit has been a wonderful opportunity.
Very good thankfully. Brexit created the biggest opportunity to make money in the stock market for many years as panicky investors sold stocks down to once in a life time levels. As the realisation that the economy is not going to collapse filters through combined with the fact that holding cash or bonds offers no return then the stock market is only going in one direction for now. House builders and banks are pretty much the last two sectors that haven't seen in a recovery in their share prices to pre brexit levels so still time to buy for the bounce.
that all sounds pretty promising so I wont be in any rush to sell. thanks for the detailed analysis , proves the internet is good for something else other than porn and cats doing stupid things.
Well we pretty much smashed straight through 80p , closed at 89p to buy . Do you think this will go all the way back to the old highs of 180 p or is that unrealistic? I'm no expert in this area, I just bought due to the lovely looking chart , valuation and positive write ups I had read . Most of my money is invested in oil , silver and gold but every now and then I diversify a bit when I see an obvious trading opportunity . Thanks Marc
I couldn't agree more with you , charts in themselves are meaningless but lots of investors base their investment decisions on them and some analysts have made a whole career from studying them. Pays has basically gone nowhere since January yet by trading it , based purely on charts and nothing to do with fundamentals , I have made the equivalent of over 200p . as I said in a previous post pays does looks cheap on fundamentals but for some reason it is stuck in this 360-430 trading range. Personally with dealing costs so low I'd rather sell here and buy back than risk seeing it drift back lower as it has done in the past. these days the best way to make money from the stock market is to trade and it is amazing how many stocks seem to be in very clearly defined trading ranges ( who is buying at the top every time though? ).
Out at 430 . Maybe I'm wrong in which case I will buy back in but looks like this wants to stay within its trading range. Also market has had a fantastic run in the last few weeks and I feel a pull back is due so no harm in sitting on a bit of cash should opportunities arise. Mainly in gold and silver miners now, feel their rise has only just begun .
Quite tempted to buy some more after all this positive feedback . I expected a lot of frustrated holders ready to give up but seems the feeling is maybe the corner has been turned and this should rise from here. My biggest holding is shell so maybe switch a bit from there. Only other area I'm keen on is silver , watch that fly in the next few years , hoc in particular.
Watching and waiting still. A close above 430ish and its blue sky ahead , rather like the beach in kusadasi I'm sitting on at the moment.
I have been trading pays between 360ish and 420ish for a while now so once again we're back to that point where it either beaks out or rolls over and drifts back down again. On a valuation basis this should be trading much higher but for some reason there seems to be doubts surrounding this company as shown by the short positions out there and the likes of Tom Winnifrith who every now and then will try and discredit the company . Watching for now, hoping for that elusive break higher, but ready to sell should it not happen ( again).
This has been pretty much my worst performing oil stock this year , and I still can't really understand why. The share hub article pretty much echoes my thoughts ... Undervalued and very much unloved for a long time now. I am hoping the company can come out with some positive news that gets it back on the radar otherwise I am calling it a day and joining the herd in the likes of Hur, Pmo and Tlw. The value seems to be there so maybe it will take a bid to realise this, but if this is the case why has it not already happened? Is the board of this company really so awful that they cannot persuade investors to climb onboard? Very frustrated (as must be the management ) when you could have picked almost any oil stock at random this year and made very good returns yet this dog continues to die a slow death.
Nice looking bowl shaped chart here which I'm told is a good thing combined with much better noises coming out of the company. I'm surprised there wasn't a bid for quantum , maybe there still will be, but looks like it wants to go higher either way.
Thanks. I get the impression a lot of investors have given up on this share so if it does come out with some half decent numbers there could be a sudden surge of interest. I've got to find a few other things to hold other than mining shares so it may as well be something that could come good such as this.
Anybody got any thoughts here? I bought some as a trade at123p as it looked oversold , can't decide what to do now. Very little info anywhere that I can find.
Got to be a buy here for the bounce when rates fall again. Trade to 250p short term, longer term much higher.
Hoping for news soon. All gone very quiet. Fundamentally very undervalued so hoping this value is at least partially realised soon
Going,going....