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DXB - Dimeriz Limited

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Re: HGR - Harrington Group


Thanks SevenFX, I haven't been around for long in these parts and this has confused me (and attributed to my first loss) since the beginning. It might not be news to everyone but this gold to me as I continue my learning. Oh yeah - and to make it relevant, I hold HGR. :
 
Re: HGR - Harrington Group

i have read all the posts on hgr and would appreciate some genuine advice. i have this deep craving to trade ,i.e. to become a daytrader and am not quite sure where to start, can anyone help.
 
Re: HGR - Harrington Group

thanks for the link - never understood why at 4:02pm suddenly people are bidding way higher than the ask!

I know the prices usually look odd after/before trading hours, but what made me post was that this was at 10:30! And I could see trades going through in HGR!
 
Re: HGR - Harrington Group

aberfan said:
i have read all the posts on hgr and would appreciate some genuine advice. i have this deep craving to trade ,i.e. to become a daytrader and am not quite sure where to start, can anyone help.
Click to expand...

Hi and welcome to Aussie stock forums
If you bought in to TRF when you first posted on them you would have done very very well.I`m not a day trader but I do buy and sell sometimes in one day.My experience of d.t. is it is cut throat.The brokers make a killing out of daytraders and daytraders have to take a very high risk on to make a profit.

Don`t doubt me , if you want to enter a high risk game then best go do it.It is the only way you will truly learn and know.

At the end of the day some of `em make it and some of `em don`t.
 
Re: HGR - Harrington Group

Hi Guys & WYSIWYG.

Agree with some of your thoughts and disagree with others...

Wysiwyg said:
My experience of d.t. is it is cut throat.

The brokers make a killing out of daytraders and daytraders have to take a very high risk on to make a profit.
Click to expand...

Respectfully Disagree, as daytraders for trade for $profit$ (and sometimes loss) in an accelerated timeframe, and if your making profit/loss you have to pay brokerage (cost of doing business) in whichever timeframe, hence why brokers make same money just porpotional to your profit/loss.

Wysiwyg said:
Don`t doubt me , if you want to enter a high risk game then best go do it.It is the only way you will truly learn and know.
Click to expand...

Yes experience is a good teacher, but there is a lot to learn round here, before diving in, and when you do dive, take the shallow end (take small trades) and choose slower moving shares for daytrading.

Wysiwyg said:
At the end of the day some of `em make it and some of `em don`t
Click to expand...

Yes agree, but what stats are thrown around, more don't succeed.... which would be the same if you took a everyday driver off the road and asked him to drive Formula 1 overnight...

Higher Risk, maybe... BUT Higher Reward also, thouht the risk is dramatically reduced when experience, knowledge & daytrading merge.

SevenFX
 
Re: HGR - Harrington Group

I don't think there needs to be such a sharp line drawn between daytrading and investing.
I may hold stocks for a year or more if they hold up fundamentally and technically, but I also keep an eye out for short term opportunities like HGR.
I made 80% in one overnight trade in HGR, 45% on CVI, 65% on PRR in the last coupla weeks.
I would be happy with this profit from my longer term trades in a whole year!, but I still see value in both styles of trading.
The trick is to tell the difference between the type of opportunity a trade offers, and that comes down to experience, research and risk tolarence.

Just my
 
Re: HGR - Harrington Group

Started off very slow. Market very cautios. After a settling period, perhaps buyers testing sellers paitence, there was a mini rally up to a High of 5.1c.

For a short period, buys seemed to jump off in droves, but have since recovered and trading around 5c.

Looks like we might be headed down a little. Glad i offloaded what I had at 5c. I've gota stop buying stuff i dont have the money to pay for :|
 
Re: HGR - Harrington Group

Looks like most of the chat is about DayTng. The product that is before the market place (china,& USA, and cuba?) is an oral test for illiciet drugs. With the drug in sports and in the workplace here and world wide, it seems to me that the product is going to be sort after, because of instant results and convenience of testing once the product is accepted in USA, which could be this year(milestone approval). The company has interests in other products, shock rounds, which I thought it relinguished, but it seems to be there. Once again this product has to be accepted into the marketplace before $'s flow. I hold from long ago. When it takes off 5 cents SP will not be the scope of this product and I may break even .

Cheers
DYOR
 
HGR Harrington Group Ltd

HGR has about 380,000,000 shares on issue and sells drug testing kits for illicit drugs. They have a facility in the USA (New Jersey) where they manufacture a number of products. They are currently the ONLY US based manufacturer to seek FDA approval to sell "Oraline" which is a saliva based test for most illicit drugs.

You can google a number of US based drug and test retailers and many of them carry this product. This IS what drew me to the stock recently. Currently law enforcement and Government can buy the test kits but FDA approval is required for mass sales. Last week the FDA approved the export of this product into Mexico and the stock doubled.

HGR has a market cap of A$24,320,000 whereas established US based competitors (who do not have an FDA approved test) have valuations that are twenty times greater (in at least one case).

I have posted a daily six month chart of HGR and it speaks for itself. The technicals are all perfectly and bullishly aligned. To-day in a weak market HGR was on fire and has hit its recent high.
 

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Re: HGR - Harrington Group

Hi Sydneysider...

I dont know if you still follow this stock but who do you see as the main competitors in the US market that you did the comparisons with re. market caps for drug testing companies?

I think this stock has great potential and think that whilst the share price is low like it is today it could be a good time to buy. I have been topping up in the last few days hoping we will hear about Mexico and FDA applications soon.

I was also trying to get my head around the future revenues of HGR, esp in the US Workplace drug testing market.

From the HGR Investor presentation it states the market in the US for workplace testing is 133,000,000 drug tests p.a with a market size of $1.3 billion at about $10 a test.

I don't have any reason to pick a figure but if you think 10% market share is reasonable then REVENUES would be:

13,300,000 x lets say $8 a test = $106.4 million p.a. vs a current market cap of approx $20.4 million.

Would be interested in everyone's thoughts....

Hevlet
 
Re: HGR - Harrington Group

(Thanks to Vintage from HC)

Interesting month or two coming up for HGR.

The MD, Brian Andrews, travels to the US tomorrow, for a month. Why? To further implement the company's business plan - with the main focus on the US workplace testing market.

The investor presentation was clear on just how much has been achieved already with the US strategy:

1. Development of a new distribution model
2. Expansion of the distribution network (ie enhanced market coverage)
3. Negotiations at an 'advanced stage' with distribution partners in these expanded markets
4. New COO - based in the US - to drive this process more consistently
5. 510k filing for Oraline
6. innovative new product offerings in the urine-testing markets (still more than 90% of testing market - but FDA clearance for Oraline will start to change that)
7. Further product development work (next generation Oraline + testing devices for disease states such as diabetes).

What does all this mean?

Simply, that by the end of this calendar year or early next, HGR will have used its strengthened human resources and expanded distribution network to
close out substantial deals - leveraging off its emerging competitive advantages - particularly the following:

1. an oral testing device with market leading measurement accuracy, simplicity of use and price competitiveness
2. the only oral testing device in the market with FDA clearance
2. a suite of new, innovative urine-testing devices

Don't be surprised to get announcements about deals (possibly late November-through December) pending FDA clearance. Announcements on these don't have to wait for the FDA clearance.

Further down the track, the company can leverage further market penetration from its product development initiatives (new generation Oraline, disease testing, roadside testing etc).

In my view, the US market is the main game in the short term - but this is not to deny the potential and rewards of the international markets - the Mexican and Russian school testing markets and the Chinese ketamine testing markets, for example. These all have the potential to contribute multiple 7-figure sums to the bottom line. And, like some others on this thread, I expect to hear details of the Mexican contracts within the next 4 weeks.

With all these developments coming up, the current SP looks extremely attractive.
 
Re: HGR - Harrington Group

it's gone crazy today. up 27% so far

i wonder why? are people anticipating a positive announcement soon?

maybe the long awaited deal with the mexican govt?
 
Re: HGR - Harrington Group

honestly obk the deal mexico is small fry compared to the main game of fda clearence to sell to the worplace in america, if hgr can get a foot hold in there then its set.
even after todays rally the market cap is only 19 mill. with workplace testing market worth 1.3 billion
 
Re: HGR - Harrington Group

bruno said:
honestly obk the deal mexico is small fry compared to the main game of fda clearence to sell to the worplace in america, if hgr can get a foot hold in there then its set.
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yeah but the fda clearance isnt' due until 1st qtr next year at the earliest so i'm not sure what drove the increase yesterday
 
Re: HGR - Harrington Group

OBK said:
yeah but the fda clearance isnt' due until 1st qtr next year at the earliest so i'm not sure what drove the increase yesterday
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fda can take anywhere from 30 - 90 days (or maybe longer ) so i think management were just stating longest period.
Also deal in china being negotiated (see june ann)
Agm is this friday which includes a name chane to Sun Biomedical.
We may see some updates after that re progress on deals and fda as any publicity after name change would be good
 
Re: HGR - Harrington Group

I'm wondering if any charting experts (Whiskas?) can confirm a 'pole and pennant' formation in HGR since 14 Nov. 14 million volume raised the price from .041 to .053 before it closed at .051. The pole?

Six of the subsequent ten sessions closed above the opening price. Yesterday closed where it opened @ .047 with a range of .045 to .050. Today opened at .049... up .002, touched .051 then closed at .048... up .001.

It seems to me that today closed above the 'pennant'. Does this infer an imminent rise to .060?

Volume is neglible at 1 to 5 million since 14 Nov and way below that circa the Mexican ann on 29 Aug: Then volume was 105, 201 and 83 million on the 3 days (driving the SP from .020 to .032) before the ann on 29 Aug when 409m traded it to .050. Whoever knew something then would know something now?

I'm also seeing a mini 'head and shoulders bottom' over the past two weeks which should herald a rise. Propitious for an ann at the AGM on Friday morning? Is HGR a planet again or am I star gazing?
 
Re: HGR - Harrington Group

Hi Doris.

That's very flattering of you, Doris but I'm afraid I would not call myself an expert yet. I'm sure there are better technical charts than me on this forum.

I haven't invested in this one, although I have had it on the fringe of my watchlist for awhile.

I am inclined to think it is a Bull Flag, slightly different to a pennant. I can't make a very good Head And Shoulders. I think the second low needs to be a little lower with the third closer to the first, but the neckline shoots for the stars for me.

The MACD is looking OK and the RSI is up a little from the recent past consistant with sign of a breakout, but at this stage doesn't look like a raging bull.

Your target of 6c looks pretty right. I made it 5.9c. However it would be more convincing if the breakout was on some fundamental factor.

I hope that has been of some help to you.
 

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Re: HGR - Harrington Group

looks like it'll close around 0.059

well done with your prediction whiskers and doris

i'm fairly new to this, i don't get how guys get this buy analysing charts
 
Re: HGR - Harrington Group


My instincts were right about your skills and my chart Whiskers!

Thanks for your help! But did you trust your 'neckline' and dive in?

On my chart I took the opening price yesterday (.001 up from the close) to be the top of the third low, rather than the day's close... this gave the illusion of the H&S to me which is why I wondered if it were a mini version.

Can't help wondering about the 47 million that went through on 24 October. This aberration in volume did not affect the closing SP on this day although it ran up to .058 from an open of .051 then closed down .001 at .048. I have a sneaking suspicion that someone knew something five weeks ago and has been patient.

Now to see what the AGM offers at 10:30 tomorrow. By lunch time we'll know. :santa: ???
 
Re: HGR - Harrington Group

Doris said:

Thanks for your help! But did you trust your 'neckline' and dive in?
Click to expand...

No I'm afraid I didn't Doris. I'm afraid I was fully committed at the moment. I didn't have any spare cash
 
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