AFF Member Stock Discussion

Yesterday we were too slow for the Superloop deal.
Today we acquired some QPM as it is a nickel play where they convert laterite.
 
Poseidon Nickel (ASX: POS) have just announced some interesting and positive exploration results on their nickel mines in WA. A lot of factors are heading in the right direction for the nickel industry, especially miners. Could be the start of a new uptrend in the sector.
 
Today Aeris AIS were doing a placement at 17.5 cents thru Euroz Hartleys and Bell Potter.
We received about 55% of the number we applied for on this one.
Meanwhile the market roared ahead while we were out at lunch with friends.
 
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We are happy with the Pendal PDL allocation. The issue is still in the money.
Went to buy Lynch shares this morning but their upgrade of profit announcement came before we started to buy.
 
OBM has just raised funds @17 cents but we missed that one as we were travelling. They should be well funded for their next steps.
 
Sorry @daft009 we deleted the broker comments on the placement so we don’t have an opinion.
Under the share purchase plan you can apply for between $1000 and $30,000 of OBM shares @17 cents.
 
Can you share why?
It's in a down trend and is trading below its moving averages. To go long, you would betting against the house, so to speak.

Trading against the trend is a way to either tie your capital up for a long time whilst you await a possible recovery or to lose your money altogether.
 
It's in a down trend and is trading below its moving averages. To go long, you would betting against the house, so to speak.

Trading against the trend is a way to either tie your capital up for a long time whilst you await a possible recovery or to lose your money altogether.
Thanks
 
Trading against the trend is a way to either tie your capital up for a long time whilst you await a possible recovery or to lose your money altogether.

Spoken like a true "trendie" Mr.O 😇 .. lemmings also exhibit this behaviour.. :D:D:D
Some folks buy and hold for long term earnings and growth, rather than chase taxable day trading margins
A trend set in train by the "crowd" can sometime yield an excellent buy when the trend has overrun thoughtful analysis..just sayin'...;)
 
Often we buy against the trend. Rarely can you get the all time low for a stock but it can be fun trying. We think of it as “buying straw hats in winter“.
We built some substantial positions when no one else was looking.
With CQE we seemed to be the only buyer and they went up more than 4 times on our average entry price once they sorted out their management.
Buying Thorn Group at 9 cents and then getting a dividend made us feel warm inside.
Now we put my SIL into Calidus and they went down so we bought more to get her average at 43.75. Lucky break that they stopped falling.....
We still do shares for our eldest son as he shows little interest in investing.
Mrscove loves Booktopia based on how they ship books to us.Their service has been superb.
 
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Some folks buy and hold for long term earnings and growth

As do I.

rather than chase taxable day trading margins

I don't do this, at least not intentionally, but I will take a quick profit if th eopportunity presents.

A trend set in train by the "crowd" can sometime yield an excellent buy when the trend has overrun

I'm out taking my profits at this point.

Spoken like a true "trendie" Mr.O 😇 .. lemmings also exhibit this behaviour.. :D:D

You're welcome to trade against the trend but I would wager your capital won't last that long. Without capital, you cannot trade. Protecting your capital is number 1.

Lucky break that they stopped falling.....

Precisely. Lucky, very lucky.

Rarely can you get the all time low for a stock but it can be fun trying.

Trying to buy the low and sell the high is another sure fire way to eat up capital.

We all do things our own way though.
 
Sorry if I have miffed you Mr.O…no offence or reflection was intended...
I was really adding my thoughts for the benefit of Steady .
 
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