Member Info for ScottyGonzales

Interesting bit of price movement today...

Looks like this pretty much nailed the bottom.

Happy with my last couple of trades here (bought at 525p -> sold 662p, bought 600p & 556p -> ?)... always room for improvement though!

Just 24 hours later and we are down another 12%.
For me this is too close to the bottom of the gap to bother waiting for a gap fill and then missing a potential sudden rise, so I've just maxed out my holding with further buys at 556.

Could be a possibility... weak SPA

Nasty gap down this morning, when it should be rising. Not usually a good sign.
Reducing my position on the rise, will keep my eyes peeled for signals either way

Well no, that isn't new information.

Bought back in at 600 = 50% retracement on yesterday's gains. GLA

100% agreed

Fair point indeed for those who are playing the long game. Both methods employed well have made people rich.

A note to the newbies here: always good to take profits when others are getting carried away, and this morning we are some way down today from the highs of yesterday.

I think this is a good stock, so will keep my eyes peeled for a re-entry if/when risk reward becomes sufficiently attractive again.

I couldn't sit on my hands any longer. Have sold my Ceres power (up 27% today) and reinvested it to max out my position here.
Think we will see a nice rally imminently.

26% up in a little over 24 hours - that'll do me for now.
Will buy again if it dips.
GLA

Looks like this is ripe to rally minimum 10% in a short time frame imo.
Shame there are so many opportunities in the market currently, otherwise I'd allocate more here!

The charts once again proving the don't lie!

Me and the missus have joined the party, in at around 525.
GLA!

My stock market spidey sense has drawn my attention over here this morning... Ceres has been on my periphery for years, but I've never bought.
Starting to look attractive around these prices, will do some more charting and may join the party.

Well, that's an interesting move! Back in with three tranches

Looks like we are in a precarious position on the charts, just below resistance and with what appears to resemble a H&S pattern forming.

For the sake of under 10%, I've reduced my position size at 3.5 this morning, but have set orders to buy intraday if (a) we nudge up 10% to break through that resistance (3.8-4.0) or (b) we break down 30%+ to 2.4

GLA

True! Made me chuckle.

I remember those days well - it was one of the first stocks I swing traded. I did alright on RKH, but made some other painful trades that year, which made for some early learnings.

People often blame the MMs for "playing games" when SP movements aren't what they expected, but really this little drop was totally inevitable and predictable a mile off if further news didn't come out. Personally I sold yesterday on this basis (back in just now as stated) - likely others did too.

There are lots of people on here who have got far too carried away by the recent rumours. Lots of "I wouldn't accept 10p", "It'll be 200m second offer" etc, and treating it like 100m+ is guaranteed. Well the market shows what the majority is willing to pay when risks are fully factored in, and it isn't close to that.

Whoops, my mistake.
As you were!