Member Info for wyndrum

Hi D,

No.

First thing, I don't really believe anything CEO's say. (I genuinely think not hearing their thoughts is more helpful). Its not a reflection any individula CEO, but none of them will be honest or frank. They will all paint a better picture than is actually occuring. They have no choice.

I was not completely sure but I am now, that these BB's are detrimental to making money as they are all (to some degree or other) echo chambers and the majority of posts will always be talking of multiple increases of the SP. This, with the best iron will in the world, is likely to tempt an over commitment.

I am not extolling one way of investing over another, but I am not sure where "research gets anyone.

But for share purchases in small AIM companies it honestly is a trip to the bookies.

So, before every purchase, why are you buying at the price you are, what price will you sell if you are right and it goes up, what price will you sell if it falls and how long do you expect to hold the stock before you realise your expected profit.

And never ever bet more than you can COMFORTABLY afford to lose.

I think all investors should have some sort of yardstick or metrics to be able to judge whether or not things are going to plan and to then act accordingly.

Good Luck to you and everyone else here and fingers crossed it works out ok.

It reads to me as a (slight) step backward from where EVE was. The elusive profit seems to have been put back a little and cash is running down.

As you know I had though a TO was probably the most likely way of a good return for current shareholders, but that can only happen if costs can be dramatically reduced because of the takeover. So if somebody is already making this type of mattress and can tweak production without too much extra cost to make it an EVE product, then with all the other staffing reductions it might work and then you have a budget Mattress in a Box and and high end one.

But, if the company has to inherit production overheads then I don't think the staff reductions on their own would warrant the £m's to buy it out.

Its a tough game that got tougher for most of us today

What's your point IG? Charts don't work but research does?

Yet another example of not over committing and also when the market says the stock is worth say, 4p and if they strike oil its worth 20p, then that tells you the level of risk not 95/85% etc etc imo

Always easy to be wise after the event.

Back to the ftse 100 for me.

Good luck all

I'm pretty done with drilling companies now.

Please don't ever say research helps, because clearly it doesn't.
:0((

IG, the RSI has fallen today, leaving plenty of room for the SP and it, to move up. There is plenty of room for it to move down too, so I will not be using the RSI to influence what (if anything) I do tomorrow as its in no mans land.

You only trade when the indicators give an overwhelming odds of being correct.. Tomorrow is not one of those days, so no contradiction.

Hi Rum,

Its difficult to say what i "expect" because I never try to predict whats coming. (I know that sounds odd).

But the RSI for me is the single most reliable indictor in these small stocks (incl FTSE100), so I guess it might sound pedantic, but I think what is "most likely" to happen rather than expect, if that doesn't sound too hair splitting?

So although yesterday there was still room for upwards movement today, I thought it would either be small (a tenth or two of a penny) or it would fall.

Once it started to pull back I was pleased only because it HAS to happen and what I find most frustrating if a stock that is over bought starts to fall and then rallies through the day to more or less where it started just means I still have to wait for the retrace at least a day longer!

So today I was pleased to see it hang on to its retrace.

Which by the way, could continue tomorrow. There is nothing to say its finished, but given the Fundamental driving force I would like to think its up tomorrow.

As for other posters thoughts, i am not remotely claiming anything by not looking at other popular indicators but my "system" such that it is, by only working on end of day closing prices and using something as blunt as the RSI works fine for me. The other indicators and different timeframes give too many conflicting signals when to buy or sell for me.

The rule is that if you use more than one indicator then both (or as many as are used) should all say the same thing before you act on it. I found that I had not the patience to wait for these Ducks to align themselves in a neat row when I was day trading so invariably I had hit & miss results.

As I have said before this is just a hobby now and ironically, this very simple straight forward system is doing remarkably well in its accuracy (Its not perfect but the success rate is plenty good enough to make money at, for me.)

I think trading is obviously about finding what works but also it has to rub along with the character who is doing it.

I know I have not the patience or the resolve to day trade with the pressure that comes with it, but pottering about with one time frame, a couple of very reliable patterns and the RSI works wonders for me coupled with no time frame to hold or sell the stock to.

I don't use leveredge so there is no pressure there and I don't bet more than I can afford to easily lose, and that is more than half the battle! (well, it is to me!)

Cheers :0))

SGF,

The RSI is running at 79.96 so tomorrow looks like a pull back day.

Its never guaranteed of course, but the text books tell you that if the RSI goes to 70 its a sell, but my experience 80 is more reliable to trade on, so at 79.96 I thinks its much more likely than not to fall tomorrow.

4.95p would be the first pull back but thats pretty close to its current high, so i would expect a bit more.

If it really wants to shake a few nerves it will retrace to 4.09

Rum, I told you yesterday (at 8:00pm)

"unfortunately there is the RSI to contend with. We may get a bit more, but I think we are soon due for a pull back before we push ahead materially further"

The RSI was 72.9 (I go by HL charts and close of play on the 3 month chart)

Its ok, tomorrow will likely be better :0))

very good luck for tomorrow every one but regarding hotels.... you do know how much EVE mattresses cost, right?

Its very competitive and the margins are miniscule.

Its not really Eve's market.

The RSI is above 80 so a fall/retrace is on the cards for tomorrow. It needs to come down a bit to make room for further gains.

(Its not defo... nothing ever is, but it is most likely imo.)

this is good, today.

It had to fall, now we have some head room (RSI is 60.78) , and a target to beat (5.3p)

Can't enjoy the sunshine without having had a bit of rain first.

Gotcha, ..... that makes sense

I thought it was a 35 day drill, its only day 19 tomorrow. Are we being a bit previous here?

its the dreaded RSI... shares can't defy the gravitational pull of the RSI......

make a note to self... Hubs... a bit of a lush..... got it

Hubs, I bet the following day felt a lot longer than the previous one...... :0))

I think the counter argument might be QS, that although the drill failed and it was a disaster for the SP, its not quite the same thing as saying there is no commercial helium there.

This is round 2 and probably the last chance for HE1. we are back to where we started but with less money in the bank but there is more qualified info on the land and likely whereabouts of the reserves.

In one sense nothing has changed, its still a binary stock and you either bet on it being successful or you stay away. If you are in, then the current price is irrelevant.

Its true that DM is on the rounds again talking it up but its on the back of the results of the studies done since the last attempt.

Its a matter of opinion I guess, but I think in an effort to save money DM previously simply used the wrong drill and had he used a bigger heavier duty one then it may have turned out differently. He took a gamble and it failed very badly for all concerned but particularly PI's

Well, we are about to find out (again) if its a goer

Given the SP was probably around 60% higher than this at the broadly the same stage previously, I don't see this from a SP pov, quite as hyped as you do.

GL.

Khalid the floor in your logic, is that had there been a dramatic rise with no supporting news then at least there would be the chance of a Pump& Dump scam

However as the rise has been supported by a bullish RNS it therefore does not follow that the SP will fall to the levels (that seem quite arbitary) you keep posting.

Why 8p? why not 7p or 6p or 5p?

Either there is helium there that can be commercially exploited or there isn't. If there is, then in the short term 10p is cheap and so probably is 30p. If not then the shares are all but worthless.

This is a binary tock, so make your mind up.

Its all or nothing

unfortunately there is the RSI to contend with. We may get a bit more, but I think we are soon due for a pull back before we push ahead materially further

SGF, fwiw and I Know its not really my place to say.... but.... have a go at doing a rocket because I don't think a submarine is going to cut it now.....