Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Not sure what has changed. Still dream team in place with reputations to protect, maybe more top guys coming, order book good. Sentiment is everything so lets accentuate the positive, eliminate the negative. Everyone's doing it, so its the best time to do it as its easy money a bit cheeky.
Talented check out the aml share trades button above two along to the right of the aml share chat button. This feeds into the aml share chart, two along To the left from the share Chat. Every time you bought and sold will have been recorded on the trade button and had an effect on the chart. It’s public information
Thanks Contrarian for your honest reply. I'm glad you have rowed back from just knocking it to saying you don't know about it. I'm new to it too but so far so good. Give it a try you might like it. Here is a simple 15 min video I found
https://www.youtube.com/watch?v=wAuSDVI3lJA
I think your approach of surrounding yourself with different views is in essence correct. But I don't have many contacts and you've said to trust no one, not even you. You have many more contacts than me but it will still only be a small sub-group of the total number of traders so your risk being in an information ghetto.
The beauty of of this theory seems to be that I don't need contacts or to get any opinions or judge if people are truthful or otherwise. I have access to every trader's actions and we know actions speak louder than words. Every buy or sell action is one data point on a line. So rather than listen to what others are saying and making a judgement, I can see what they are actually doing -buying or selling- - including you and all of your contacts, everyone on this BB and everyone buying selling or holding shares. These data points make a line and that line makes a wave. The hope is that if can "see" the wave forming I CAN predict or at least, to use your words, with more complete information make a more accurate judgement call.
Let me know how you get on with the video
I think I am boring most of the other posters and I need to do some reading so I will be quiet now
Hi Contrarian
Thanks for your response.
I'm not a master of this and don't have your knowledge experience but Eliot does and he tells me the exact opposite to what you are saying. His theory says that I don't need to understand fundamentals or charts because as you said they don't predict the future. He also says they do not improve timing because timing is an important part of predicting the future. According to him and others, using fundamentals etc has been demonstrated to be no better and slightly worse than random selection of stocks over time which you concede.
Rather, Eliot's theory says I need to understand PEOPLE not stocks because taken as a herd people's behaviour is repetitive, cyclical, and entirely predictable which sounds like common sense - we are creatures of habit. As people make the price and their behaviour determines the price - if you can predict their behaviour you can predict the price. That's what makes the price repetitive, cyclical and predictable. The pattern of behaviour he identified is wave like and the most important thing that affects this behaviour is sentiment hence my opening post of this thread started with a sentiment - rumours about Moers .
Again contrary to what you say Eliot tells me that I DO need to understand waves to be a good investor. Waves are waves and have a repeatable pattern they ebb and flow and are in constant motion. Waves do predict the future as once a wave starts it must complete - ALWAYS. The skill is finding out where you are in the wave . As this is an interpretation it is not a fixed target and so is not to be used dogmatically.
WG introduced me to them and on his interpretation on the 19th June he thought this week would be a losing streak and lots of derampers would appear. before it happened. He also nailed his colours to the mast and said on his interpretation after 15 more trading days we would hit 77p around 10 July and then point to 110. He qualified it by saying it was his and his gramps method only maybe BS. While I'm not holding WG to his prediction and my opinion of Eliot will not rise or fall on it there's no point having a system that neither predicts the future or helps with timing
If you can show me where Eliot fails I'm eager to learn or if you would like to make a specific prediction for date and price I would be interested in that too.
With regard to your comments on the others on this BB my view is that we live in worlds we create. Some people go to Venice and only observe the mess, the smell and the crowds, others are overwhelmed by its beauty. Both are true.
In my world most people are trustworthy helpful and kind and I have found most people here very generous with their time. I've often had to rely on the kindness of strangers and so far someone has always offered to help.
Hi contrarian
In your reply to elkarter on this thread you said
“I am not instructing anything, except for people to use critical analysis.”
Which was exactly what I am looking for and want to learn to do. Could you have another look at my original post at the start of this thread and give me some feedback please. Ta
Thanks LOT the first direct response In the thread I appreciate it. However, the other posts do kind of validate the theory so far. Many people say ...price drops = derampers (whatever that is) appear and on every price drop the same or similar people appear. So one of the key Points of the theory is that the behaviour of investors is predictable and our core posters appear to be able to predict behaviour.
The reason they appear must be because they believe they can affect share price and the theory implies that they can. Fundamentals are meaningless it’s people that make a price and people are governed by sentiment - feelings not logic.
Although mr stroll has a lot more shares than me which is important at the AGM in terms of sentiment we have equal influence in that we are both only one unit of sentiment
I don’t know how old you are but You may remember that it didn’t matter how much better Betamax video technology was, how much they threw at advertising etc the public sentiment was with VHS Betamax went bust and VHS reigned supreme
So everyone on the BB has an equal input into the total sentiment about AML . The fact that AML has been bankrupt 7 times has been used this month to argue that this will happen again. But in fact it proves that the sentiment with AML is very strong to an extraordinary degree its not that they’ve been knocked down 7 times that is important but that they have risen 8. That is the power of sentiment.
I’m a bit disappointed with some of them as I am keen to learn from them too and particularly Contrarian who claimed to want to discuss honestly but when presented with my post just dismissed it, I would have expected a detailed deconstruction of the facts I presented From someone as knowledgable and experienced as him and where I went wrong as thus is only my first stab at it it is unlikely to be correct in every detail but nothing!
With regard to your dilemma if you believe in waves and you can afford to leave your money in then you just need to wait for the right wave ... unfortunately the theory hasn’t yet cracked timescales but I’m going to give it a go when I’ve got better at the basics
When the tide is out as contrarian says of course the fisherman can’t set out but he certainly doesn’t sell his boat and equipment. He believes in waves and knows that the tide will turn and do it will for us. The fisherman knows that the timing of the tides but as I said that’s the missing piece here .. we know they are coming we just don’t know when. WG is better at thus than me and he’s given us his best guesstimate. He’s been brave enough to quantify and specify which is the key sign of someone who knows what they are doing. If contrarian et all wish to name a date and price as specifically then game on.
Sorry for the long post but I had to read a lot to get to you
Let me know how you get in as I’m keen for an exchange of views
Hi contrarian you seem to have missed the main feature of waves is that they don’t stop moving ... everything flows. King **** thought like you & tried to stop waves where he wanted them to stop but couldn’t. What Eliot tells us from direct observation of traders behaviour, is that it is demonstrably PREDICTABLE. If I have plotted correctly, and that is a big if as it is my first time, then the wave MUST complete considerably higher than 80p. So don’t be a silly **** and point out where my Wave points are misplaced please so I can carry on my learning curve
GeeJay , lookover, atisha, MacRS, Paul ,WG 33 and anyone else interested.
While everything's down and little's happening here's my beginners view ... Just a bit of fun.
Positive sentiment started around mid-May with rumours of a change of CEO which was formally confirmed on 26/5 so
Wave 1 22nd May -- 28th May 35.46p - 58.5p
This wave caused by those that follow AM closely and others like me being lucky
Wave 2 29 May - 1st June 58.5p -54.25p
Wave caused by some profit taking but not too much as those involved still believe in AML
Wave 3 1st June - 3rd June 54.25 - 68.85
Wave caused by the RNS etc now widely circulating and the previous big swings noticed
Wave 4 June 3rd - June 4th 68.85p -66.65p
again, some profit taking and people who have been involved for a while thinking this can't go on but the masses still arriving
Wave 5 June 4th - June 8th 66.65p -80.7p
Caused by everybody's wanting on board FOMO
Wave A 8th June - 11 June 80.70p - 65.5p
Everybody that wanted to come to the party is on board but those that have been on a while have had enough
Wave B 11th June - 16th June 65.5p - 74.2p
Late comers still arriving but some others leaving.
Wave C 16th June -??? 74.2p - ???
This wave is caused by all the good news is yesterday's news and we await new good news
We await wave C to complete which will be the end of this Eliot wave and which will probably only be on further good news such as the statement about order numbers that others have mentioned etc.
To be sure this is where we are, I tried to look at each wave closer as each wave of an Eliot wave is made up of an entire Eliot wave sequence 1-5, A-C. but my charts are detailed enough for that as I am using google finance and the link suggested by geejay is too fiddly. perhaps others can check
So I looked over a larger time scale rather than a shorter one.
Taking a step back, the initial sentiment changed on 14th May.
14th – 22nd May also seems like and Eliot wave which completed on 22nd May. This means the one above starting on 22 May to today must be the third wave of an even larger Eliot wave and so MUST complete which is what I think WG called on his June 19th post with
“I’m at 6 which in my theory is a losing streak, NEXT SHOULD be a rise "INTO" wave 7.
1 and 7/ A are the winners might be a load of BS but 7s due next week with line A to 77p and the next 15 trading days 1 and A point to £1.11p roughly10th JULY “
And while all this is about sentiment this week from 19 June has been a losing streak so far undoubtedly.
The even better news is when that does complete the whole 14 May to 10th July (hopefully) will have been the first wave of an even bigger Eliot wave over a larger time frame so we have the 3rd and 5th rise of that macro wave to come which should be enormous as long as sentiment remains roughly where it is. Maybe Mr N with his mantra is onto something! Not long to wait now.
All constructive criticism welcom
Paul I missed your Tuesday reply.
I do believe in your method but I don't think you're guessing but rather using your experience/skills/disposition to thin slice info and recognisE a pattern BEFORE it's formed. That is what the eliot waves are all about (I hope) and why your system works for you and why I'm trying to understand them. Of course if you anticipate you will get it wrong sometimes as signals can be ambiguous. But I don't have any knowledge or experience in this field so I need something to latch onto that makes sense.
It seemed to work for me on capita the other day but I'm now no sure that it wasn't a coincidence. You made a better fist of it than me. I maybe could have made 1% more but it cost me an extra 8 hours screen watching and I sold at around the same price as you anyway but a day later.
Im going to look at AML and I'll let you know what I see look forward to any comments you (and others) may have.
All the best
Jr thanks
Can you help me understand this please.
To my simple mind strong oversell + rapidly dropping price (relative to recent trading ) = pressure to buy and upward spike?
Eg If I saw apples rapidly dropping in price there comes a point at which I would feel I should buy some even if I didn’t want any apples and even if I ended up not eating them
Is that a correct analogy ?
Nicky I thought we would hold at around 70p a it has done for several days but JT keeps reporting that it is oversold day after day and now it’s getting cheaper. I’m new at this but this but it seems that those pressures must result in a leap forwards - any further drop will surely exaggerate the jump.