Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
Gained my first exposure to this just under a year ago, a little under 700p and was fortunate enough to sell at 1320.
Starting to look interesting again. If gold breaks up through 1740, I'll be back in again! GLA
Just bought in here, 4.20. GLA!
53 -> 72 is okay for a 12 day trade! Exiting here to move exposure elsewhere.. Reasoning below if anyone is interested. My short-mid term expectations currently are that: Gold looks likely to rise USD looks like it may weaken GBP looks like it may strengthen Gold will rise in dollar valuation the most if the above occurs. Therefore I'm betting on the dollar gold price, but note that if this stock is priced in GBP and GBP rises, then the GBP value of this stock has the potential to feel the negative effect of this in the move.
Strong finish, but stacks of upside here still.
Morning chaps! Haven't been here for a little while. My trading style nowadays is to chart from the sidelines for as long as I can until I can no longer resist the screaming conviction. For me, gold stocks have that right now, the timing feels right and the upside is looking particularly strong here. Just built up a leveraged holding, so I'm in! Good luck all. S
After several years on the sides, I'm back in here again. Hopefully this should benefit rapidly from a gold rise.. Gold support now at c. 1303, next stop 1340ish hopefully.
Just built up a small holding here @ 14.63
Looking very strong on the charts. Vatukoula also looking very technically strong. Just bought some of these babies in response!
It seems I was right about this share continuing the downward trend.. Fancy apologising for the patronising message, or perhaps to the people you lead to believe this would be a great investment when it had a P/E of 100? I will do some discount analysis to consider investing if this breaks below £9/share, but holding off for now still.
Still falling as expected.
A teacher who has a collection of cars including a porsche and ferrari? Congrats!
Quite a patronising message there, so I guess we'll have to agree to disagree here. I guess we'll see who's right if the price continues to fall, or if it returns and continues growing to above its peak like you seem to indicate. Using your own words, "be greedy when everyone is fearful and fearful when everyone is greedy", I completely agree. It has already lost well over 40% of its price from the peak, and in my opinion this isn't remotely fearful. It is if anything extremely confident, hence the high pricing and the general confidence of amateur investors on here.
I agree that asos is a great company and will no doubt continue to grow over the future, but P/E 100...? Really? If I was to consider investing, it would be right after a bit of mediocre news which could easily wipe off 50-80% off the SP. Sure, it may never happen, but with the economy how it is I wouldn't be surprised,
The price has gone down in a nice downward trend for the last 6 months and is continuing to do so. Don't listen to people who tell you to buy a stock on a forum. The fact is that a price/earnings of 100 is exceptionally high, especially considering how tough the current climate is. It represents extreme optimisim of the future. In my opinion, I don't tend to get involved in those kind of companies, since the slightest bit of news which is anything other than amasing could cause the beginning of a huge chunk of the SP disappearing.
.. You have noted that the P/E is near 100, right? Yes growth is high but it can't go on forever and this stock is priced at around 10 times the current market average given the scale of its earnings.. Is it really sensible to assume it will grow to 5-10 times this size imminently (and this doesn't even include discounting!)? If one piece of bad news comes out and ASOS' growth rate stumble, the SP could fall hugely imo. A potentially great short.
Number of trades today: Zero Zero sold, zero bought. Daily change: -0.90%
The RNS from 29th June.. V interesting, I used to work with him! Looks like Punch could give some good trading opportunities in the next few days..
Maybe they tapped the phones.