Member Info for Ridingwaves

No consolation ......i feel for the guys still there and particularly the newer investors.. I will be back though..... GL

Hi, hope you are ok.....did you stick to your plan from Sunday. GL

Hi, Certainly the business is in better shape now than a few months ago, then it was quite obviously running out of cash and would need to do a placing.....as mentioned based on its initial cash and burn rate. The future indications are better too, so as a loose change bet not too bad now....not sure of a run up just yet, but with The added interest certainly could happen.... Better value even though i would be looking for a keener price,i still think it only represents reasonable value until further actual progress......but because it is an illiquid share any move can be swift and most of the downside has been done. Definitely worth a pin money bet, and the feed in as it evolves....there will be a further likely cash call next year if they wish to really push into to the market and develop the product.... So are you tempted....... One for experienced investors. GL

Hi Vic, This quite normal as this is an illiquid share. The obvious sign is the very large spread @ 20-22% this hides any trades within this range. That is the risk you take here as if you buy you pay a premium so you have to see the price move by at least 20% just to break even. GL

I agree...the movement can be swift once the sentiment and speculation goes as has been seen in the past.. Often something investors forget....the past is a good guide to what can happen. The trouble is investors tend to believe that it will not happen or will be slow enough for them to get out. The 70's is the classic cycle of what could happen to Gold....I believe that ealier than that the price of Gold was regulated more or at least kept in check by the US...... The clssic trigger for speculation and the sharp rise was the Banking crisis and the beginning of QE... Once these become something investors can live with then the fear factor reduces and the big speculators look elsewhere.. The other factors i meantioned earlier add to this...... So, it becomes a bet on something else occuring...... GL

Who buys Gold and why......PEST....... Interest are indeed forecast to increase.....but why, maybe the consensus is that developed nations and particularly the US are recovering their Ummmph....So normally this would be a plus for Gold. But who buys Gold and who holds strategically large amounts and trades the resource. The physical product is largely effected by the purchases from Developing nations largest holder India and China and some Asian countries, these Developing nations are experiencing lower growth rates and worsening fiscal issues and in particular India.......When these economies are doing well this is normally favourable for Gold, but there are question marks over their short to medium term outlook.... Again there are some concerns that in particular India may even be forced to sell some of its vast holding as their deficit problems are becoming a major issue for that economy......time will tell. Now return to the developing nations, if interests here are likely to increase then why would investors buy Gold, with the prospect also of economies likely to continue to show accelerated growth....In these countries the purpose for investing in Gold is normally that there is threat to earnings elsewhere... So, the reason i remain uncertain of the direction of Gold in the short term.....but who knows the US politicians may come to the rescue... If there is a reason against the above for funds to flow back into Gold to sustain any meaningful move up, then a drift in the overall trend at the moment seems more likely scenario..IMO. AMA remains a reasonable play bearing in mind this uncertainty and who knows.... GL......whats your take i would be interested...

Nice to see an old favourite doing well. A good solid business....good management with a sound strategy. GL

:)........nice...well done GLA

Jolly or the price of Gold and the likely reaction to the current fiscal debate.... This sentiment move will move make support and resistent levels weaker indicators than in a traditional stock. IMO only prime support and resistent levels where larger pevious volumes are evident will be of any meaningful use. GL

I thought you were a millionaire....Oh, i see TP is on his way....lol

Lego's right, you have stumbled across an old board used to be a place for people to exchange Tips and ideas... Lego you remember, Jonc & Grays. Long ago now....:) GL

IMO....As valid today as it was then. Only read articles not the book. But the operators in the 20/30's were right and astute operators. Remember doubling down leaves tracers and are resistance levels on the reverse journey...mirrored phycology usually takes one or two moves to flush. iMO. If you see what i mean. I do not work from tip sheets....rather trust my own judgement. GL

That should read i would have sold for a small loss on the way down and waited....

Hi, interesting the different approaches to investing in smaller companies. My strategy, i admit not a typical even among experienced investors. You are right i would not have bought on the down or would have sold at a small loss and waited. This is how i have approached the strategy here....most of the moves in the last month or so have been largely the result of external factors.. I have only held the share for 4 days and traded a 30% profit, this has de-risked any future investment or more importantly has compounded my possible future gains if i choice to invest say now the original amount plus gains. This is how i trade certain shares that have certain characteristics. I do see your strategy but i guess am more cautious and like the certainty of cash until i am convinced of the timing. Remember i like you am an avid 'ticker tape' follower....if the business is right and the signs are favourable i will move. Always enjoy yours and others perspective......and i will pinch ideas from anywhere..lol GL

Hi Guys.........The posts were not aimed at experienced investors that have their own successful strategy and wide ranging portfolio, which maybe a balanced risk. More just sharing my own approach and experience. As far as AMA is concerned, it is a sound business with what appears to be good management. It also has good prospects for the future. The decline has reversed and the business has reached a more solid foundation as far as the share price goes. As i have said before is dependent to a large extent on the sentiment for Gold. At this point i am in two minds as to the direction of Gold and its likely volitility in the short, medium and long term. That is largely why i traded this share twice on a very short timeframes. As i say i agree with OSB that this is a well run business with good potential. There are too many resource stocks that are not IMO GLA

Then one thing i always have in the back of my mind is a simple calculation. If you loose 50% on a share, it will need to grow by 100% just to get your money back. "....also plenty of really beaten up stocks like dqe, rem, rrr, ecr, here & avm (as a small fraction of large set), suggest it's best to spot when to go against the herd and not sell...indeed double/treble/quadruple down" Not me, I dont invest against the market forces.....until i spot a turning point, then hit it with the saved ammo...lol GL

For me it does not matter i sell if a share goes down.....Even GBO my first investment was a small one at the beginning of 2012 it went down and i sold, but i waited and then started to accumulate later in 2012 and have never been down By those %'s to trigger my sell. It is a different question if I am in profit and the share is down against my profit, i may see that as a consolidation phase and still run the profits.... I am guessing it depends on your own investment strategy, but i have fortunately never carried a loss of more than 20% ......rather sell and buyback if the case changes. But from my humble experience new investors would be wise to sell at a smaller % than double up on a down trend. Investing in the end is your own responsibility as is the result... Have a good weekend.. GL

Hi Blindfury, You don't need to apologise, i am not sure whether your posts tongue cheek, but if it is not. My advice for what is worth is practice money management. That is set a level maybe 10-20% below your buy in price and if the share drops from your buy in price to that level sell rather than average down. It is one of the main reason inexperienced investors loose money that they try to recover by averaging down or worse hanging on for far too long. You are have done what the majority of investors are doing of have done, so it is a common. Too many invest more as a share is falling rather than when it is rising, which if you think about it would seem odd. The old adage of run your winners and cut your loosers is very true. Always better to have enough ammo to fight another day. Best wishes and hope you have some successful investments in the future. GL.....sorry for the off topic

Said this was a very strange board......where's Jolly GLA

Sfu....you have taken out one seller, depends on how many still exist probably from Oct-jan. Descending resistance as Riddler said. I would guess a good proportion have been taken on the way down. But there were small number of larger buyers at least one large one was been taken out early on in my opinion.(160,000 approx) You maybe through the worst...but you may have to add to break... IMO.....you are just about there.... GL