Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Today's pullback was to be expected.It doesn't need to curl over now and show weakness.I can see that the Bears and the Bulls had a punch up between 42 and 44p,this changed it into a promising Bull pattern.This has been a very difficult share to read on the chart.So all predictions come with a wealth warning.This is a share that has been best to wait for confirmations.Better to be a little late to the game rather than too early (how many false dawns have we seen with Boo ?!!!!).
The percentage play is that the bottom was reached at 31p,(or on 27th Sept at 28p).
Those who bought at 31p should be confident,so it's a case of monitoring it all from here.As always if its a 66.66% to 33% probability that we are in a Bull market,theres always the possibility that that it turns out wrong because of the 33% chance.But that is the chance you take.G.L.A. (especially those underwater ).
Knowbodyyouknow,thanks for your reply.
The chart pattern shows that it's still showing a Bull pattern.But it will need close following in the next few weeks.
If any chartist disagrees with my interpretation,please reply and give your reasons based on charts why you disagree.
You posted at 7.25 ,"target 35p".Yesterday you posted 34p.I asked you yesterday to take us through your math of how you arrived at 34p,as i like to learn from others ,as to how they arrive at their numbers.
I take it from your latest post that you arrive at your number through your understanding of Boo's Fundamentals ?.
Could you take us through it all as to how you arrived at 34/35p.Thanking you in advance of your reply.
Good Afternoon.I would be very interested as to how you arrived at a figure of 34p,as you may know more than me about things.How is it arrived at ?.
You say the Chart is weak.But is that likely to be short term only ?.From my calcs come 37/38p,there's a very good chance of a good rise from there.The longer term outlook on the chart is still in place.
But as we have seen in the past, especially in the bounce at 51p,it can curl over on the chart and blow it all to pieces.
We shall see.Do you have a longer term analysis of the chart ?.
3
7p
37p,looks a logical pullback point.
When somebody has an opposing view to me,i ask politely if they could explain how they arrived at their viewpoint.
Some posters think that asking a question,is really arguing with them, or insinuating that you think their viewpoint is wrong.
Could all the "geezers from down the pub", go onto vent your spleen .com. and leave others to converse as normal people do.The Internet is for an exchange of information so that things can be learned.It's full of people who know very little about anything.Please DON'T misunderstand this post.I'm sure some will.Dial it back a bit,if somebody disagree with you keep your cool.
Not many mention charts on here.I for one take in ALL factors that can affect a share price.All that is KNOWN (such as T.A. )to investors has to be considered,but the best knowledge is what is UNKNOWN to most investors,and that comes from your own research.Everything else is really used as a back up to confirm your findings.
Averaging down.,so you invested 30k in total.So if it was 3% of your total bank,your total money to invest in all shares is £i million.You just have to make sure you don't invest in the shares that go bust.
Starting a debate is not best fortcoming when all you posted was "crap",and no reason given for your comment.As for looking at back posts,you posted it all FIRST,so i responded ditto.
Look let's not talk semantics,any other investing pointers you have in your ****nal ?.
Yes i said that this was the end of that PARTICULAR rally.It went down to 37p,where it rallied again to 58p.I had earlier said that i thought 30 ish was the bottom,but then changed my mind.Before that when it was on the way down i posted that a buy at the support level of 63 ?,could be a good decision.It rose 50%.
Look,why didn't you engage in a discusion after i posted my first post,instead of your knee jerk comment with no reasons given as to why you said what you said.
Suffice to say,each to his own,whatever works for you etc,remember we are all supposed to be aiming for the same thing
i.e.we all want to make money.So provoke a discussion,rather than a reaction.
Posted December 2021.Now that's what i call crap!!!!!.Posted by Guess who ?.Shhhhhh.......
Then the assessments of the results on here have been badly interpretated.Telling posters that results were good.
Sentiment driven ?.How come posters on here were screaming buy all the way down ?.
You've never been to Vegas and observed the psychology of those playing ?.I've read crap on here and are very negative about many on here ,but your comment even surprises me!!!.
I gambled,reply to Midway.
I do hope that 30p was the bottom as i have been working on a algo (though i prefer to call mine equations),that triggers a buy signal,that gives confirmation to other buy signals.Although not invested in Boo,i can use the equation later when finding the bottom to other shares.It's worked very well in the past,from my research.
I can't believe posters on here that were suggesting a buy when in the middle of a chart pattern in the last 2 years, that was a case of trying to catch a falling knife,with the S.P. not just falling, but crashing through support levels, (150 ish comes to mind).
Investors need to grasp even just the basics of charts before they invest.One look at the Boo chart should have warned even a novice that they needed to beware.If you were walking in a street and a multiple car crash happened,basic common sense would tell you to wait until all the cars in the vicinity had stopped moving,before you even contemplated stepping forward (you'd even need to look for leaking petrol before you took any action as well).But no, investors just seem to pile on in.No patience.
Gamblers and investors have no patience,you see it in Vegas on Roulette.Players put 3 chips on lots of numbers,they lose,but its when they win that is the most telling.They win and what is it that they do on the next spin,go back as before,3 chips on the same numbers ?.NO,they put virtually their entire winnings all over the table!!,they may win,and do the same,but what normally happens is that you see that eventually the ball goes in the hole,and it's one of those that remarkably they haven't covered.
They have no discipline,they feel the need to win quickly.They let their emotion dictate their decisions and as we know that's fatal.You post some good points on here,and i'm looking forward to reading more of them.
Why is it that the truth about anything including share companies ,is poles apart.The consensus about Boo are 50% who say that the TU is terrible and are bearish.The other 50% say that the TU is ok and are Bullish.Why is it that the truth about anything on forums results in completely differing views.
Like the Government and Brexit, and on this forum half the people are TOTALLY WRONG.How on earth can this happen.
All i'm saying is take ALL of them with a large pinch of salt.That's about ANY share,not neccesarily Boo.
Dogger,it aint tanking!!!.Bulls still in the game.There will be (and there is)weakness short term, after the run up from 31p to 48p,so a pullback to be expected.
The important thing is after the pullback (that is happening now),is that it closes above 48p.Then it will really look good for the Bulls.So sit tight,fingers crossed.
God almighty,some on here are quoting Broker forecasts that are bullish,is that a good thing ?.I thought posters had more sense!!!!!.
I still have got old broker letters telling me for instance, to buy Marconi at 300p,they went bust!!!!.Loads more.
Even other sources about shares,same thing,poor performanceIf paid on results only,they'd starve.
So many people on here post predictions without giving a reason for their opinion.Many fundamentalists on here have got it badly wrong all the way down from 200p.Yet they still constantly post as if they are the font of all knowledge and never get things wrong.A little humility is asked for.
When i post on here i have a solid reason for posting.The best we can hope for as investors is to get it right more times than we get it wrong
So how about if you think a poster is wrong about his opinion,counter it by pointing out that you have read or heard something to the contrary as ask if you could both verify the facts in question.If we get all the info that is going around verified, things would be better.If you think somebody has got something wrong ,point out your opinion to them and tell them the basis of your contrary position.If you don't get a satisfactory response,you could always refrain from responding to them.
Just to say,this is a real bugger of a share to get right.The real bottom is what we are looking for and the S. P.didn't help today.But just to point out,some posters on here were saying load up at 48p.A bit odd as it had gone up from 31p to 48p.
A little bit late to buy ??!!!,you buy on a dip,not AFTER it's gone up 54%!!!!.
The problem is that BOO is a very difficult chart to analyse.I see it going to as low as 37.5 before it goes up again.That's one expected scenario.If it goes above 48p it will probably be upwards and onwards.
Charts can give you a Heads up as to what is likely to happen.When a share bottoms it's very hard to get confirmation as to what is happening,(especially this very volatile chart!!!!).But it will give a definite signal before everybody else when it comes.At the moment things are on a knife edge as to what's going on (Just like everybody else's opinions,yes ?.)
I called some bottoms (which turned out to be rallies of between 30 to 50%) in the past ,66p,50p,poss some others i forget.
So i'd rather go with T.A.,Sorry it's a bit vague at the moment,but if you look at posters comments,it's a 50/50 split as well!!.