RED - Red 5 Limited

[Boggo]

Boggo Tech i see why charting has it's advantages as fundamentals here dont add up.

You were right last January jancha

[jancha]

Very interesting Tech. Not a bad way of trading. I personally prefer to look at both the volume & charts as well as fundamentals of a company but by doing so are limited to only trading with stocks that i'm familiar with. And as i'm not as confident as you with your methods of tech analyst i tend buy in and out of RED with half my holdings retaining the rest till it reaches my expectation.

Yeah and this from last January
As time goes on we all develope a certain way of trading ... Boogo with his crystal ball and excuses when it doesn't hit expected targets eg. Plan A if not plan B if not plan C and so on so your never wrong. Like a politician always with a back up plan. What are your tea leaves telling you with RED tomorrow more to the point.

[Boggo]

What are your tea leaves telling you with RED tomorrow more to the point.

I'll just crack open this tea bag, in the meantime

[jancha]

I'll just crack open this tea bag, in the meantime

Hmmm you sure your not on something else? I did notice crack in the sentence.

[tech/a]

Go figure----So whats that tell you?
Market doesnt like the announcement.
The decreasing price over the last week indicates that the announcement was factored.
The uninitiated bought into supply.

So where pray tell do you see a buy for RED?
Surely now as its so so cheap??

How about Now?

[herzy]

How about Now?

You planning on buying now Tech? Can I have some more details?

[jancha]

You planning on buying now Tech? Can I have some more details?

I dont think Tech would give that information away after his last venture Herzy. It could almost be a case of duck turning into a chicken.

[jancha]

Herzy
My personal opinion of RED from a Chartist point of view would be to sit on the fence and wait for a reversal in trend but from a fundamental point of view ask yourself where the POG is going.
Tomorrow imo RED will fall as will the price gold overnight. ( temporary imo) Sold the 10000 i bought the other day @ $1.21 for a profit and looking to buy back in tomorrow.
Will continue to play with RED in this manner while still holding a number of their shares for when there's a reversal.

[jancha]

Low volume but certainly RED is making positive ground. Buyers out weighing sellers sp $1.29.
Could be the beginning in a reversal of trend ?

[tech/a]

Havent had a really good look but it looks ok.

[notting]

Considering the strong performance of the Euro against the US over the last week or two, you'd think gold would have been showing a bit more strength. The Gold stocks have, but not so much gold itself. Either the stocks will go back down or Gold will strengthen.
I'm betting weaker gold as Euro fades against the US, with some shorts on Gold stocks. Not RED, with fingers hoveing over mouse to stop loss.
Still don't think there is justification for more printing just yet and that could be making this rally turn.
The only thing that should strenthen Euro against the US is printing. Fiscal cliff is bullsh$t.

[jancha]

Havent had a really good look but it looks ok.

Thanks tech it comforts me to know that.
I've been taking on board your tech analyst. I dont know if i'm reading the the charts correctly but i liked the look of BPT SWM & TGA. I find that the likes of RED with it's volume a worry in that it's harder to trade in and out of whereas BPT seems a bit easier to predict.
Getting of RED a bit here but when looking at a company on their fundamentals (why i hold and trade RED) would'nt it be better to trade a stock that has a higher volume of interest regularly like BPT when trading short term?
I just managed to buy SWM yesterday @ $1.57 on close by looking at it's chart and watching it's buy and sells prior to jumping on board.
Definitely an interesting way of trading but I could'nt trade like that on it's own without knowing the fundamentals.

[jancha]

An 11 to 12 cent range to overcome between ~1.25 and ~1.37 before any real change of trend.
It really needs to overcome the 1.25 initial resistance and have 1.37 area become support after a break above there before any reversal of trend is in place.

(click to expand)

$1.37 here we come. Looks like that $1 cap raising you posted does'nt look likely Boogo.lol

[Boggo]

A follow up to my post here -
http://www.aussiestockforums.com/for...l=1#post720491

An 11 to 12 cent range to overcome between ~1.25 and ~1.37 before any real change of trend.
It really needs to overcome the 1.25 initial resistance and have 1.37 area become support after a break above there before any reversal of trend is in place.

It still hasn't had a close above 1.37 and needs to decide whether it is heading up or down at the moment.
A downside pattern seems to be forming, volume is dismal.

(click to expand)

[notting]

Definitly would be taking that off the table. NCM turning today and smallers soon to follow as Euro weakens againgst the US.

[jancha]

A follow up to my post here -
http://www.aussiestockforums.com/for...l=1#post720491



It still hasn't had a close above 1.37 and needs to decide whether it is heading up or down at the moment.
A downside pattern seems to be forming, volume is dismal.

(click to expand)

Looking that way. Sold out the other day @ $1.33.

[Boggo]

An 11 to 12 cent range to overcome between ~1.25 and ~1.37 before any real change of trend.
It really needs to overcome the 1.25 initial resistance and have 1.37 area become support after a break above there before any reversal of trend is in place.

A test of the 1.37 at the close today, not looking too strong imo.

(click to expand)

[Boggo]

A test of the 1.37 at the close today, not looking too strong imo.

RED seems to be doing well today, seems to be some interest on the bid side.

[jancha]

At the rate that they are burning money I would say that a capital raising exercise is not far off.
New shares at around $1.00 each should be fun to watch

Still think that Cap raising exercise at shares around $1 still on the cards Boogo?

[CanOz]

RED seems to be doing well today, seems to be some interest on the bid side.

Gold broke out last night yeah?