Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=bzxjizhq/vba4FHtm1xFU63kvXvWU+nv5xNQhpwLl/o=
nice hammer candle today........lets see how we open tomorrow....look for a gap up at the open, technically this looks very encouraging.....
lets see....
atb
trendfriend
dish - daily.
http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=ZGguecBygVRU3YO2Mz7fNVqoNXiQqGcPI1Z3Bm3iB6A%3D
evening folks....just a quick post here with my view....and then i intend not to post here for while.....too much nonsense from the doomsters for me i'm afraid! much rather spend my time enjoying the summer.
Firstly i will be frank and honest and not mix my words here....i always have rule...."the market is always right!"
if i'm at the wrong end of position....its me that's called it wrong....not the market....so then i need to see where things went wrong...
Clearly here the market does not agree with the changes and the new strategy Bigdish management are making.....and hence the drop.....
I think it's important to respect that message the market is sending imho......and the so should Tom and Adain.....they really do need to send a more positive message out....explaining in more detail and clarity whats taking place here.....and they need to complete the funding issue and provide updates.... because that is undoubtedly a cloud hanging over the company atm.....
We have had some very loyal lth's selling here recently....and that says it all...Spero has always given a lot of time here....as well as others....and the their honesty and integrity is good to see.....hope they will get back on board soon...
Now i have that out of the way all is not lost here imvho.....
I actually think the new strategy and app can work in my opinion....and the "free for 2020" while it sounds like bad news....may well be a blessing in disguise....
This could take a while to recover from here....and i too have derisked around a third of my holdings....as 2.10p was a key level i was watching closely....
Looking at the future now.... i actually think we may have bottomed at 1.40p imho...the chart (link at the top) you can see 1.40p has historically been a level buyers have come in.....
If 1.40p goes then we could drop to 1.15p/1.20p....if we go there i will be buying back the shares i sold.....
Otherwise i will patiently wait for a break above the blue falling down trendline.....as real strength will only come in if we break that level..... and this moment at least i only want to add into real strength....
I honestly do think this is a good company and aside from food producers and food retailers there is not a business in the land that has not suffered due the current virus situation.....if the virus didn't happen we could quite possibly be in a very different place here....but as things these new strategic changes are good for bigdish longer term...
That's it form me....bit of a long post....but my last for bit....unless i see some key technical developments....
Stay lucky, stay patient here....and most importantly stay healthy folks....
atb, wdik, dyor,
trendfriend :)
Looks like the brakes off here imho.....the placing must have been forward sold which probably explains the weakness here in the last few days....the selling seemed to start on Monday when the stock touched 1.90p....
1.40p is the key support that needs to hold....above that 2.25p > 3.5p.
here she goes......80p busted nicely....
hope your all locked and loaded......now watch this baby dance!
next stop 1.40p imvho
at .79/.80p according to the chart technicals....
if this can clear that level i honestly see it making a higher high....so above 1.40p....
The next level to watch above 1.40p is 2.10/2.20p....
so above .80p this should head pretty quickly towards 2p imvho..........
atb
trendfriend
right ok....on the day that Ronnie, Tanya and greenspan disappear Akhan turns up with his/her first post!
make of that what you want!!
Bit a of quiz that rns.
these sort of companies would not be selling 3 mill shares for petty £60k......
normally holdings updates show the previous position.....this hasn't got that.....
maybe worth mailing Aidan to get clarity on this i think...
£720,000!
Maybe and i'm just speculating here....possibly something to do with the financing??
today and even yesterday!
Some buyers are gobbling up the stock.....
"tree shake"??
or is it Earthquake!!??
You guys are just being silly.....
Losers always blame other people....that is a fact.
Buy the dips.........sells the rallies....
No stock on planet earth goes up, up and only up!!!
make your own calls and decisions folks its that hard imvho...........
No point blaming rampers or anyone for that matter
has a silver lining.
For Bigdish that has come with this new App and primarily with the addition of delivery.
The industry is crying out for a alternative to the rip off companies dominating the market.
That added with the other aspect and features of the app make this a no brainer for every restaurant imvho...
This is priced to fail below 2p.....and that is not what will happen here....because Aidan has the vision and Tom has already shown us what he can do......
Just my honest view....this could stay under pressure until the new app is released end Jul....then push on imvho...
atb
trendfriend
tom - daily chart
http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=8KLhEHN29yUqqsiT89jSCoWKTeUKAPvbq/2Dis+Rk/I=
I think this should open strongly bullish tomorrow ......and should make its way to 2p/2.20p area quite quickly.....over the coming days
what happens then may well depend on how the price action reacts when (and if off course ) the 2p/2.20p.
If we can mange a close above 2p2.2-on a end of day closing basis.........then this get really exciting because the next target is as high as 4.60p.....
lets see, be lucky folks.
atb,
trendfriend
ecr - daily.
http://uk.advfn.com/p.php?pid=chartscreenshotshow&u=xSwFZT7Squ8GpZJf6sF8Cp0AjwJl03JYlhvdT4wjNwI%3D
Does look like a really strong bull market in small cap miners presently......and its all led by EUA.
That bull market shows on the ecr chart with the stock making a 3 year high this week!
The last chart i posted showed 1.4p area as key resistance once it was convincingly taken out...we got a strong rally.
The target above 1.40p is 2.25p and above 2.25p its 3.50p.
I do think we will get to 3.50p here but this could well pause for a consolidation after reaching 2.25p so i think 2.25p is a good place to bank some here imvho.....
so in summary i think 2.25p then possibly back down to 1.4p before the next leg up to 3.5p......just my view and off course i could well be completely wrong.
stay lucky folks and enjoy this rally.
atb,
trendfriend
the market usually close at 4.30pm with a 5 min auction for any pending trades....
this had two.... 5 min extensions that only normally happens when a stock has a lot of pending trades to work through....
usually mostly large NT trades imho.....
after these trades went through the stock closed at .98p....
which should now mean folks who sold thinking it was getting dumped.... could well see a nice gap up Mon and a scramble to get back on board....
hope thats useful and have a fab weekend
atb,
trendfriend
when he starts talking crap....he's usually looking to buy imvho....
can't fool us anymore Art!
We know your up to something...
Aidan did say in the podcast all restaurants will be contacted one by one to check if they have reopened and if they want to continue with Bigdish......
That will take time to do and i expect more restaurants should come back online soon...
some will quite possibly not reopen or want to continue with bigdish....
so lets see...
something i missed here today?
selling now = getting mugged
this could double up again from here and more imho....