Member Info for Titus

Recent RNSs have been positive, but in a corrupt politico-economic environment it probably takes an insider to know when something of genuine importance is happening here. SP has certainly taken off with a roar in recent days, including 2 substantial buys yesterday. KSK seems to be of very little interest in the UK, with little or no coverage on other BBs. Not sure why - I made an annualised 38% from it before selling out on a technical signal in Jan 10. Anyone know anything? Despite the ominous long-term Head & Shoulders top since Oct 09, an intermediate-term objective of ~600p looks reasonable on the chart.

Spot on, Brison - and great timing. Wish I'd seen it earlier. Any ideas about the 'sub' shares?

Technically, WCC now looks to be at a tipping point, if one takes the long view. Weekly MACD has just given the strongest sell signal since Nov 07. However, it also went negative briefly in July 09, before the big up-move later that month, confirming that the drooping trading range we'd endured was a continuation pattern, so the same could be happening now. The difference, of course, is the coming move to the Hong Kong exchange - with the question mark over continued AIM representation. So I too echo Mad Dog's question. Is there an "insider" on this board who can advise us???

Sounds like a nice idea. And I love the Mae West quote. How do you get to really like a company?

Warren Buffett (& his mentor Graham before him) have said the first law is not to lose money, and the old rule of taking out half your stake when it has doubled seems prudent enough. They also say the market does what it has to do to prove the majority wrong, so perhaps one should never be complacent. Still, Buffett (born 5 days after me but infinitely richer now) also reckoned against buying anything one wasn't prepared to hold for some years. I've taken precautions on WCC three times since the end-08 bottom, each time to protect now-substantial profits when a reaction started, then jumped back in (slightly miffed) when the main up-trend resumed. Could that have something to do with the difference between him and us? A quick look at my Sharescope charts shows that uptrend continuing unperturbed at a rate of 1,175% per annum, no significant loss of momentum or reaction exceeding 15% and the present price only slightly above the mean (sum of least squares) uptrend line. Were he in WCC, one suspects the Oracle of Omaha would be quietly rolling his snowball. I'm holding - tho' another short-term dip could be starting, to shake out the "weak hands" in time-honoured fashion.

Suggest you buy the next dip. A cool perspective look at the price chart usually tells you, not what excited or distressed "news" interpreters suppose, but what speculative money is actually doing. When I started this thread back on 17 Apr 08, WCC price had been falling for some 6 months and nobody was interested. I got in at 105p, took out half on a protective in-the-money stop in July, then increased my holding @ 69p on 10/11/08. Since then, price has risen with occasional reactions caused by profit-taking and latecomers who bought at short-term tops getting whipsawed by the profit-takers. Lovely stuff! Eventually, with no-one left to buy and some unexpected shock to markets, it will crash, possibly following a euphoric price acceleration. That's how it goes...

Surething's point about installations where there's no mains electricity (Specialist market!) prompts this thought: aren't these things designed to run off mains gas? Is there much of a market for an electricity & heat generator in locations where there's a gas supply but no electricity? Whatever, I'm just furious that Barclays wouldn't accept a buy order online yesterday, prior to today's (anticipated) jump. So I'm busy researching alternative brokers!

Thanks mate - much appreciated. It also seems Barclays are restricting the ETFs they'll deal in more than previously. As I only deal online (not telephone), is there any downside on that with Halifax?

what's wrong with Barclays Stockbrokers today? Can't get any kind of buy order for CFU accepted!

DJ analyst ratings changes as of 0900 today: Goldman Sachs upgrades SOLA from neutral to Buy, target 275p up from 215p. Having last added to my holding at 90p in March, I wouldn't personally attempt to trade this one in these choppy Silly Season markets, though a dip to the support around 140p could be worth a buy. A glance at the chart shows 2 attempts to break back up into the old trading range between 200 & 600p (very profitable for me) failed in Nov.08 and June 09. IMO there are times when a dispassionate view of where a SP has been just says 'leave it alone for now' to an investor. Still, there's enough volatility in this one for active traders, so GL - someone has to make a market.

WCC chart may be worth reviewing now. After the recent price surge, it's testing the old Oct 07 all-time high and some heavy-money distribution is showing up. With luck, it will just consolidate, as between May & July this year, before another step up, but having last bought at under 70p last November, I'm tempted to take some profits, re-entering either lower or at a small loss after a break-out. So time to pick some fruit but stay in the orchard?

Have you had a look at their website: www.cfcl.com.au/technology, as a starting point?

Apparently they plan to return 18p per share held - roughly half the present SP. If the company is to be turned into a cash shell as you say, what will they do with the other half, do you reckon? Their circular dated 10 June doesn't indicate any future investment plans and as most of us are presumably in it for a bit of China growth, is an inert cash pot in this region worth holding in these "interesting" times, do you think? I haven't seen the company's portfolio, but wonder if actually the undistributed capital isn't intended to remain invested on our behalf in Growth Opportunities.

Sorry modest - tried to answer your questions but they deleted my response, for some unknown reason. Will try once more, though as I've no idea what could have caused offense, it may happen again. 'Right time to buy'? That decision is best based on your own research: as noted in my previous post, I am considering adding to my existing position, based on Technical Analysis (in fact I've placed an order at 3.00p which may or may not get exercised). Can the warrant be converted into shares? Yes, google the company's site for conversion dates. Easily tradeable? The spread is wide, so I would suggest you either take a small stake you can afford to lose if SP goes against you, or expect to hold for a major move in your favour before liquidating.

Reuters reported early this morning that Indian stock index futures jumped 9% in early Singapore trading on Monday on expectations that the clear election victory of India's ruling coalition would lead to a strong and stable government that would boost economic reforms. This warrant is of course geared ("leveraged") against the Ord. share and moves of this magnitude are not exceptional, having likewise occurred last Aug & Oct., probably on some such news item. I like India at this time and already have a position in this warrant. I may add on any reaction as there are signs that the down-trend since Jan 06 is bottoming (60-day M.A. has turned up for the first time since then).

Lots of small buys today, adding up to far less volume than yesterday, but today's price chart "dynamic" is exciting. Wish I'd found it sooner - it gave a weekly MACD buy signal at 19p on Jan 9th. Their website is reassuringly professional & their involvement in Iron Ore trading as well as cement looks good. Having just taken some profits in my successful WCC investment, proceeds will go into PMHL tomorrow, unless the SP does something disconcerting. It topped at 190p in July 07 before sucumbing to the 08 H2 bear market - is the PRC going to stop needing cement and iron anytime soon? I don't think so.

In case you're still interested in chart thoughts on WCC, I placed a trailing 12.5p stop on 16/3 when it reached the mid-point of last year's trading range, to protect part of my investment position. An accelerating move isn't sustainable forever and the next resistance area is around 125-130p, then at the June 08 high around 165p. I only use trailing stops in trends, rather than trading ranges and base the trigger amount on previous reactions plus a bit. Not rocket science...lets one sleep at night and Barclays Stockbrokers, who I use for un-geared investments, provide this service - though unfortunately they won't let you set a percentage. Good luck - you bought well here, I guess.

Sola has fallen almost 90%, not 60, since the MarketWatch article - sorry, it was bedtime here in Cape Town when I typo-ed that in my last post. I've bought more this morning, averaging down on my position. Let's hope the Results report tomorrow confirms expectations and attracts some strong buys.

1. A major world-wide "super-cycle" bear market is in progress. They often end with prices accelerating downwards as investors capitulate - then shooting up as the heavy institutional money guages that it's the bottom. Nobody rings a bell to warn us, and as circumstances are different each time, comparisons are more likely to be misleading than helpful. 2. There are up-moves in every bear market because of the way participants act on fear, hope & greed stimuli. Money can be made in these reactions, but it's bucking the odds, which is one reason why the big boys build liquidity in such a climate - and have the firepower to reverse it in due course. 3. I cannot be certain that Sola is a "good company", but its price action (possibly supported by ttractive "stories") has enabled this Technical Analyst to make good money in it repeatedly since a first purchase on 24/10/06 - when I see from my notes that I thought I'd probably spotted it too late! Now it has "double-bottomed" and looks likely to give a huge tech buy signal tomorrow - backed up by some pretty solid fundamentals, incidentally, if they are to be believed. Incidentally, the MarketWatch story was released the very day it last peaked - since when it's dropped almost 60%. It could break "support" and fall further (see 1. above), but I like the odds now and I'm adding...

Well, some "chartists" might see a Reverse Head & Shoulders formation in the price action since Nov last, giving a projection of around 80 in the near term. There was a smaller one back in Mar-May last year which was profitable with hindsight. I don't really do those patterns much these days (tho' they can be useful for confirmation) and telling prices where to go isn't my thing either, after many forays with Gann, Elliott , Fibonacci counts & fans, etc. I bought on 17/4/08 @ 1.17 on a proprietory signal evolved over many years of T.A. research, getting out on 6/6/08 @ 1.60, then back in on a heavily over-sold MACD buy signal on 10/11/08 at much the same price as you, which position I shall hold until the chart action indicates otherwise. What is it they say? - Buy low, sell high; cut your losses & let your profits run! I learned long ago not to take the stories & prognostications too seriously: stuff happens and the "reasons why" a company is forecast to do this or that in the future turn out wrong as often as not, with hindsight. I trade opportunistically but am primarily an investor, using probabilities in the knowledge that there are no certainties in this game and studying past price behaviour as a guide only to an uncertain future. Oh, and if WCC makes it to 100p, there's a band of resistance around 100-125, so I'd think about profit-taking there, personally. It doesn't always pay to fall in love with a rampant share when ridi