Member Info for ma5k

Pdub >> "As far as I know nobody ANYWHERE predicted the second drop from March to today's level."

Posted 16th March...
http://www.ma5k.com/trading/charts/BMN_19-03-16.jpg

>> "mask, why, if you are so good at colouring in / join the dots, were you not predicting this yesterday?"

That 'bubble' chart was first posted here on15th Feb dubmaskullanga...

http://www.ma5k.com/trading/charts/BMN_Bubble.jpg

A healthy market rises and falls regardless of fundamentals. Those invested frequently assume that the highs are 'normal' and any fall is false but it is more often the case that rapid growth in a SP is caused by short term over-enthusiasm (often creating a 'bubble' trading pattern) and the subsequent fall is simply an inevitable market correction.

http://www.ma5k.com/trading/charts/BMN_Bubble.jpg

Never shorted in my life bassguy - simply use TA to identify patterns which are determined by market forces.

Blaming shorters, Market Makers, Brokers, AIM etc etc seems to be common place but market forces are market forces.

30th Dec - Potential downtrend tentatively identified:
http://www.ma5k.com/trading/charts/BMN_18-12-30.jpg

7th Feb - Shallower descending channel identified (grey):
http://www.ma5k.com/trading/charts/BMN_19-02-07.jpg

15th Feb - Descending channel confirmed (with 25p May possibility identified):
http://www.ma5k.com/trading/charts/BMN_19-02-15.jpg

16th March - Update (inc 25p May remaining)
http://www.ma5k.com/trading/charts/BMN_19-03-16.jpg

Overall pattern - Classic Financial Markets Bubble?
http://www.ma5k.com/trading/charts/BMN_Bubble.jpg

Thanks for the comprehensive reply.

I'm not a great believer in 'averaging down'... all too often folk significantly increase their holding in order to lower their average but end up sitting on even bigger losses. Obviously the hope is for the SP to increase at some stage but in order for that to happen lots of new people will need to invest (and hold if it's not just to be a brief spike). It's not clear to me what will generate that interest.

You are clearly a believer and I wish you luck - both here and with your own enterprise.

If I remember correctly you were sitting on a substantial loss here at one point - now that some time has passed for reflection it would be interesting to hear how you anticipate things might develop share-price wise and over what time scale.

Couple of months old, but still a valid consideration imho...

http://www.ma5k.com/trading/charts/BMN_Bubble.jpg

Over the years I've learned to trade successfully using TA but it has proved to be more than a full-time job to support myself comfortably so I've decided to go back to I.T. which involves silly rather than ridiculous hours!!

I'd like to thank you all for making me welcome whenever I've dropped by here and wish you all the very best for the future.

ma5k

Agreed - certainly the right time of year!

Two 13m buys just gone through... won't take much to finish blue!

:-)

I believe KDNC is an indirect lithium play - it's just had a hell of a spike followed by a placing - might have good upside potential from here?

Spread moved that's all - anything 0.15p or above is a buy regardless of how it is reported.

Trades are simply reported according to whether they fall closer to the advertised bid (as sell) or ask (as buy) so as the spread moves trades are inevitably misreported.

All buys except 154400 @ 0.149p (10:46:19) ...misreported as sells due to current advertised spread.

( v o x m a r k e t s . c o . u k )

Vox interview with Alan Green today...

**************************************/media/5c9a2159da7b5f00172ed525/

Starts 27:07

RSI was oversold on all time-frames 30min and lower (longer time frames distorted by recent spike), now recovering... these time frames suggest it might have bottomed - time will tell.

http://www.ma5k.com/trading/charts/KDNC_19-03-26_15min.jpg

Regardless of all the pros & cons (sic) this does look very oversold now on the technicals... I can sympathise with and understand people simply having enough and selling on today's news but with the placing news now out of the way it does at least look set to perhaps move in the right direction from here.

GLA

Just gone through...

Many feared this would happen but now it's out the way...