Member Info for marineclark

Lootgaloot, I can understand wanting to sell at the top, but at the bottom? One should wonder why a fund is selling and we have been through the reasons on here, but to reiterate, for some funds it no longer cost effective to manage a fund when its assets drops below a certain value, and in FIL's case this figure can be in the tens of millions. Note that it is only FIL selling, not the other funds.

AS provided by Seisnav, the charts show that FIL are close to selling out completely. It really isnt going to take too much longer before that happens. When it does, I see no further downward pressures holding this price down.

For volatile AIM shares where price can double or half in a couple of months or even days, micro-manage isn't a waste of time. For large caps where price movement is slow and pays dividend, I agree trading it as opposed to investing it for the long term is less effective a strategy.

I got my timing a little early here, and about 9 percent down currently, but I do factor in opportunity cost, so it can test ones patience when things move up less slowly than expected. However, we all know which direction its heading, the question is how long to wait...

I was in block(SQ), which went up 50 percent recently. I had sold just before the rise to get into JLP, which is sitting on its ass at the moment. Its a shame have to pay the FX fees, and have to worry about FX exchange rates, Otherwise I would have ditched the UK stocks and went full time into the US markets. I harp about it, but wasnt that long when plenty of AIM stocks were 5-10 bagging overnight, now barely a two bagger anywhere.

Perfect timing, as QED rises and JLP falls. Well done, good to hear some are the doing well. That could explain the little spike here earlier.

Yep, thought it would at least hold this time, but seems you could be right about the double bottom.

I wish there was an AI for trading. I could buy the app and sit on the ass all day make millions. Then again, an AI could make a lot more cash than some here, thats no suprise there.

I'm not seeing anything concerning about the pullback yet. Some shares are volatile and so we should see deeper pullbacks, but should I be correct, we are in a wave 2 corrective phase, and wave 3, is coming right after. Wave 3 is known for being the biggest wave in terms of price movement - upward in this case. Looks like we had a bit of shakeout which not unexpectedly scared the beejusus at of some holders here, claiming the end of the world has come etc.... but seeing the bigger picture, the road ahead is looking very good indeed.

No need to panic, sometimes pullbacks can be deep. Should be temporary. Price does move in waves, up then down, key thing is the 50 day has broken out, and should offer support. If not then may form a double bottom. Unless you are a trader, trading every swing, then chill out a bit and have a little patience.

But, no one buys shares, thinking its a guaranteed lotto jackpot win do they?

If only it were that easy SeisNAv:)

And don't forget about accountants either. If it were all about fundamentals then they would all be driving around in ferraris.

The price action is looking good. We've had 6 days of consolidation. I was expecting around 1-2 weeks, but even if it takes a bit longer its all looking positive. The last rally back in Feb 2024 when it almost doubled took 3 months. Expect a similar amount of time this time round.

Pirce is finding support ay 5.2p, quite strong in fact given that 6 days of price action have bounced off this level. All short term and medium term average are rising, the pullback/consolidation showing low volume which is what you want meaning the sellers have gone. When the buyers return in force, the move upwards will be forceful. Still 6p 200 day resistance overhead, but with the fundmentals turning in corner here, the price has no choice to be follow.. eventually... but you just have to be in it to win:) No point watching on the sidelines unless waiting for a pullback entry... DTOR.

Some resistance around 6p as expected. It didnt quite touch it but came close - 5.9 is close enough. Pullback to a 50 percent retracement level at 5.2p and a little bounce off it is quite normal and some should see some consolidation here for a short period. Provided the fund is still buying it can take a week or even two to see the next wave(leg) up of buying. Lets see what happens in the next few days first.

Can't know for sure if the bigs seller has any shares left to sell, but given the garguantun volume traded recently, most if not all should have been cleared. This bodes well for the next good RNS, as without a big seller around, there is nothing to hold us back and longer, and should see big and sustained moves ahead. The recent rally has broken us out decisively out of a medium term downtrend we were in. Price broke out of long term downtrend(200 day) around april this year, but broken below it again, in a short space of time but because no new lows were made , indicates that long term downtrend has shifted to a side ways trend, known as a stage 1 trend. 6p was where the long term trend gave resistance. Once we clear that and hold, the long term picture will form more clearly and we can begin a stage 2 trend, which is where the money is made.

Very exciting times ahead for holders. The charts looks well placed to begin a new long term uptrend but not yet, and the best strategy for those is hold for as long as uptrend holds, which can last for long time indeed. Barring any disasters, this could be the golden goose. DYOR.

The market has not priced in the resources contained in the waste rock project. Once the final due dilligence is complete by end of Jan 2025, and assuming things go well, and why wouldnt they? No rocket will match the speed this will go up lol.

Not long till done. results of due diligence only just over 2 months away.

400, you got your wish. Not expecting a deep pullback nor a long one. 30 percent move in a few days, gotto expect some profit taking along the way, as we know that nothing goes up in a straight line.

NortherShark,

Good fundamentals is a given. I wouldn't touch any shares these days without it. The rest is timing(charts). Even shares with good or seemingly good fundamentals can go nowhere for years and therefore have to consider oppontunity cost in those cases.

As for JLP, now is the time to be holding for long as possible what with som much to come, catalyst that could sprinngbaord the price Clearly buying and holding here from Jun 2021 onwards, except for the earlier rally in march would have been painful. But shares with good fundamentals will eventually turn back upwards, and pinpointing that turn is where charts come in.

All the best.

Charttopper,

Sustained high volumes indicates instituational buying. Due to the amount of buying its not possible for them to buy all at once so they have to buy over a longer period, often weeks even months. Thats why the quick trade, while its profit, could lead to missing out big on potential multibagging. The beauty of using volume in charts, is that it can't be hidden, and therefore why instituations are buying it sticks out like a sore thumb, especially to the skilled chartist.

When the wind is blowing ride it, and wind it slows down take note, when it reverses then get out.

Happydays43, 6p is definately coming soon. That is the first key resistance level to watch our for, and I'm expecting a slight and brief pullback once we hit it. Some minor resistance levels above 6p is the 50 percent retracement level at 6.65p followed by 7.2p, and then a major level at 9p. Expect some pullbacks around these levels. May take a few attempts to break out of 9p, and some longer consolidation, but things are looking very rosy indeed here.

As discussed in the the podcast, once the final due diligence results for the waste rock project is released towards end of Jan, a mere ten weeks away, and currently not priced in at all, I reckon this could double in a very short space of time.

You have to be in it to win it as the saying goes, but as awalys DYOR.

I meant 6p which is where the 200 day sits then 9p where previous high was , my apologies. my charts are not behaving this morning.

Oops, was looking at the weekly, have already cleared the 50 day. Next resistance level is 9p.

The resistance level is around 9p where previous high sits, and then looking forward to end of Jan 2025, whe the results of the final due diligence for tthe large waste rock copper project is ready. That will be a material catalyst. Could see an instant doubling of the share price if results are good. That could already take us to 20p.

Seller overhang has cleared. However, we still have a large fund(s) buying. Riding the tailwind of instutional buyer is the quickest way to moon. Train has left the station, enjoy the ride.

Btw, my 1-2 mnth prediction to clear the seller overhand was spot on.

I see initial resistance around the 6p level where the 50 day sits. Once we break that and hold it is all steam ahead. well done folks if you had bought at the bottom.