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It looks like a lot of selling is going on in many companies at the moment. Its not that surprising after the rally weve seen. Remember this share was up pretty much 100% in a month, its never going to be a straight line climb, especially with the consolidation thrown in. Personal feeling is this could slip to 200p but think it will hold up there.
There are very few traders that dont sell too early every now and then, wouldnt be too gutted, i always try to hold for at least 50% profits b4 taking money off the table unless its a low beta largecap company ive bet with sizable leverage. Best analogy i heard for investing was to think of the recession as a 9 innings baseball game, and were only 3 innings in so far. IIs about capturing the big movements. Ive moved to fairly lighhtweight in equities at the moment, potential upside is outweighed by prospect of a decent correction now in my view, the market is starting to shrug off the good news and focus on the negative. Its worth remembering that the stock markets are there for the big players to make money, they need retraces in order to do this, whether the economy is improving or not there has to be big pullbacks. Cant see any relation to TAN whatsoever though? Good thing about KAH is its slightly protected from general market movements. If the upcoming EXT report is positive as seems likely then the whole EXT/KAH/URU/PRL/EML spidersweb shoots up higher.
This was always going to retrace a bit after the consolidation, it always seems to happen to all the shares ive seen, i think its almost a phyological thing that people look at the next sp and overnight it looks massivly inflated, makes people think of selling. In all the other shares ive watched though after a couple of weeks and eveyones adjusted and used to the new 'bigger' looking sp it then recovers its lost ground and trends higher, maybe just a opportunity to top up if its a company you like.
Keeping a close tab on this one now, wouldnt mind getting back in if it drops back to 180 ish which i think could happen next week. Ext has now dipped 20% from its $11.45 high just over a week ago. Typically KAH tends to lag Ext slightly ive found and has only fallen apx 7% in comparison so logically even if EXT has hit resistance this could be due another leg down. Will make sure ive got a nice big order to open @ 180p at the ready anyhows, see what next week brings..
Managed to add Ext to my portfolio this week on the 15% or so pullback to $9.5. Sooner or later someone will make a bit for them whether it be Rio or whoever. Its hard to see any real downside on the one and i like holding it directly. Also got a bit of URU. KAH will probably still rise further but dosent look quite as good value at the moment compared to the others
Good entry point this at 190p. Looks undervalued in relation the rest of the sector, very good divi / yield. Should hold up fairly well if theres a massive market retrace.
Cant believe anyone would surrender their shares for 198p, the interim report highlights the fact that the bulk of their sales year to date will be realised in income in the second half of the year, as has been the case for the last 3 years, their market is seasonally affected. Sales & profits have increased at levels most companies can only dream of at the moment and the chinease economy growing at 6%+ per year. You might not make 2-300% here but its as surefire a return as your going to find over a 3-6 month period. Shame they scrapped the divi though
Im holding out for 195, this has been a nice steady earner for me since the 165 entry, hold quite a few, just feel a market retrace is very close now. would be nice if we could get 195 by next week and im out but will definately be looking to get back in, wish i hadnt sold my ladbrokes which i bought the same time when that hit 185.
Dont like ramping but looking at the unusual buying activity and strong day by day rise in sp here ahead of interim results in just over a week someone knows whats coming. All factors are in place for results to beat forcasts significantly and this already trades at far to low a P/E. This has many similarities with WCC 6 weeks ago.
Expecting this to spike sharply within next 2 weeks, interesting rise in sp from 190 - 216 recently despite turbulence in the chinese economy, good results probably expected. Holding my prediction you'll be seeing close on £3 here after results and eps forcasts, could even see a divi increase
Bought in quite big here at 165, not sure what to do now, very tempting to take profits here
Have been watching pdl closely and moved some money into them last month at 36 & 33p, offloading last week when it went up to 37. PDL is simply being held back by the whole saad situation. Once that is sorted it will double instantly, its just the risk of the saad shares being forced sale into the market that is scaring people at the moment.
With ext soaring up by the day and now through the $10 barrier it could be an interesting day here tmoro. Chance of hitting that £2 mark maybe???
165 entry on this a couple of weeks ago was just a gviveaway, bought even more of these today just as a safe sideline, upward trend to £2 will be a breeze
gutted i didnt just buy extract at $8 last week, looked at it and faf'd around waiting for it to retrace to $7.5. Very frustrating, but laughing to the bank on this one, bought a couple of decent size positions at 165, as you say still plenty of upside here, £2+ seems a formality at the moment
With Ext now surging up to $9 and showing no signs no retracing this is a good buy now. Wish id bought more.
It is a good point that Rio or whoever must be well aware that the longer they delay a bid for extract / kalahari the more its going to cost them. They could still pick up the st rossing mine at a relative bargain price, only a matter of time & patience. Have reajusted my entry at Extract to $8 now, just cant see us getting any lower now. you have to ask who would actually want to sell their extract shares at the moment. Too much risk of it breaking your heart when the action all starts.
anyone else getting nervous here now, reminding me of the barclays surge up from 50p, relentless and unstopppable, cant help feel people are now desperately rushing into this one at any cost, may just be getting ahead of itself, no doubt it'll finish the year a lot higher than this but dosent hurt to keep moving your stops up as profit taking could hit any time
You can spreadbet EXT on ASX through igmarkets, have to place minimum of £5 a point trade, at 815 at the moment, so minimum of apx £4k exposure but no way that ones gonna trade sub $5 no matter what happens i wouldnt have thought, praying we may just get $7.5 there if there is a market pullback, got to be the easiest money around
Managed to top up today at 165 level again, chuffed with that, these have consolidated before the next surge through £2. As has been stated its only a matter of time before a takeover attempt by someone or at the very least a takeover rumour. Its just a game of patience. Trying to get some extract into my portfolio too but that just dosent seam to want to retrace sub $8