EXT - Excite Technology Services

I think they are due up to August which will be a year, so could come at any time which would boost the SP.

IGO,

Even if results are released now it will have no effect. Need market to bottom now and results released end mid July. I am now wondering if it can get above 10 again as every frightened chook will dump there now. :swear:

its true what you're saying Jemma but the trick here is "when" will the news come out??

lets do a little check to reality: if the sentiment changes in say 1-2 weeks & we had the "getting out safe" upwards reversal & some sold...wouldn't that mean that they're still scared of the market? then is not the reversal that we want!

current market attitude is built on fear & fear has to come out of it before any stocks can see light again. fear can come with those bailing out (in the next rally I would assume & as you mentioned) or by a changed market sentiment.

I'm totally lost how far can this so called correction can take us but I know that it will take time for the same bull market we had before to have same charactarestics again.

The bulls are out there........they just don't want to buy & see their shares go lower....they're willing to pay higher price believing that stocks will go higher. Right now they are not buying & waiting to see where the bottom is!!

Its painful to everyone & some day all weak hands will sell & there will be no more sales & then market will have to rise.

will it get to 10c again? & how soon?...I'll reply to you & ask you how low will we go from here? & when will the market recover?

CPI/PPI results are coming tomorrow & day after & they "should" provide some relief & I really hope they do as we need some relief soon!

cheers,

The bottom Price.
In my view of thinking, today EXT got the bottom price we may not see that price afterwards.
Maybe the old big SSH ( substantial Holder) got away, so it's a good opportunity for the NEW SSH to get in at the time.
We invest EXT, just to invest in the MD of EXT McIntyre, he may not disappoint us. Just believe in ourselves and Mcintyre.
Is that Right.

Hi John,

defenitely what you said is true & we should realise that the market is the one that disappointed us not the company.

Lower share price means lower average for those who dare to buy more now.

EXT is still the same company it was before but 1 change...we're closer to news than before

cheers,

Now that most of us pissed their pants & some actually off loaded some of their shares in fear. I think we should all relax a bit as market is looking promising internationally.

previous drop was mainly caused by fears of inflation in US & the possible drop in worlds growth & also due to the diving GOLD prices.

Both were at their worst yesterday & many think that gold had just touched its bottom yesterday & will be an upwards trip from here on.

EXT on the other side is 1 of those that market will look at & wonder why it went down at the first place & will appreciate within 1 week from now.

why 1 week? news coming in only 2 weeks

we may have had a bad storm but like any storm, the sun doesn't shine straight away, it takes a little bit of time until things go back to normal & in our case we have the news coming out & that's the motive imo that will be behind a fast recovery & possibly a spike before end of month.

Not a better time for news to come out now & I'm sure if we've gone on trading halt before news..........we could open on 15-20c , optomistic? ...... May be I'm wrong.......but hey......may be I'm right

cheers,

Hi, IGO,
Me think so also, EXT should dig out the Money, then we win at last.
Just let the timid hopeless go !

Well, for those who were patient enought to handle the dip, I'm sure they'll be very happy to see EXT goes up in jumps not in steps

GOLD is higher at $683, Uranium is higher $1 to $45 & I don't see a reason to be below 11c on same time on friday coming

currently int'l markets are going crazy & FTSE just opened few minutes ago & up already 70 points & all base metals are steady to higher.

Promising close to a very interesting week that started on a rumor & ended on a fact!

cheers,

I see EXT is up 5% today, and going against the tide.

Any reason why?

Yeah I'm not sure. Maybe they are closer to putting their drilling results out. Lets hope they keep heading North.

someone must know something...its now over 10%

moses said:

someone must know something...its now over 10%

Click to expand...

i wouldnt get too excited, coz low volume

but within the next month or 4-6 weeks; we will either:

1. get results
2. find out about the additional ELs that EXT have applied for

Nizar,

don't bet on the 4-6 weeks thing....buying towards end of the day means something that usually happens before early news come out!

call it leaking of news or whatever but people don't decide to pay more like that usually unless they're pretty sure.

tomorrow's action will defenitely confirm what's going on.

cheers,

IGO,

I cannot see EXT going past its high of 15.5 even with good news now. It is struggling big time as daytraders are playing now.

A lot of pain has been absorbed going down and when news is released everyone will dump into it including us just to get our money back.

And what about the news?? I think it may not be good. Starting to worry now as they will need a capital raising soon. The only good thing is the longer it stays down the bigger chance of a move. So need another 2 weeks down my guess.

What are your thoughts on the current state of play???

Hi Jemma,

Business as usual, no problems at all imo in day traders/t+3 traders at all, you get higher prices with them as they buy big & draw attention to the stock they play in with their higher volume. They don't sell on loss, they just take whatever profit they can get & its nothing harmful as for them to get their shares they have to get it from a scared holder that could've sold on cheaper prices while they always buy on higher!

Lets look at facts:

Buys are all big while sales are all small (ref to course of sales of EXT in last 2 days), which imo means that we're paying now for the low 6c dip. of course there will be many who are willing to take some "decent" profits before news come out & not take the risk. I wouldn't worry about the current dip at all & I don't think still even if it gets lower that we can predict how much will it be after news!

As for the worry about news: I don't understand why would you worry about news as there's no fundemental change at all for last few weeks!

I don't know your plan & your stop loss for EXT but you must have realised that the whole market is recovering & we can't be scared after storm is gone, you should've been scared then when it dipped to 6.5c, but now its all ok & back to normal & I tipped a big fight early 9c before news because I knew that many will prefer the easy no-risk profit & sell now.

If you like EXT's story & you find it convincing & you want to put your money on what you think then you hold on & disregard any daily movement at all until news come out.

If you're scared of results & not sure what it will hold for you then you catch the highest possible price & take a small profit or loss & wait for news & come after news but you'll miss the big chunk of profits in the halt before the news if its good.

I think 20c+ is possible if we're talking good grades in results of first 1-2 holes & if we get the news of extra license (which i think it should come seperately) then we could even get higher. I have no evidence or info to support my opinion other than what we all know. I practically can't get myself scared of results which are couple of weeks away or less becuase of my fear I've been waiting for long & seen a lot darker days & we were almost few months away back then, now.....the moment of truth is close

cheers,

IGO,

You make good points and I agree, I didn't buy this to make 20%, I want 100-200%, and I wasn't even scared when it hit 6.1, just wish all my capital was not tied up as I would have bought more, but with 1.6 million already, are fully in now.

I suspect we will see 400 mill shares turnover if news is good and we will need this volume for it to hit 20 cents. The wait has been very long so I am expecting a trading halt with 1st drill results, then another announcement with 2nd drilling results and then 3rd announcement with licenses granted.

I think it needs to break 10 cents befoe huge volume kicks in. News cannot be bad as volumes have been below average.

I am thinking 2 weeks now to go and would like to see volumes of 20 mill plus within the next few weeks for 2-3 days in a row. :bananasmi

IGO,

They are running out of money and will need to push it higher first before placement happens, this will also help it be pushed beyond 15.5 IMO.

jemma said:

IGO,

They are running out of money and will need to push it higher first before placement happens, this will also help it be pushed beyond 15.5 IMO.

Click to expand...

imo, a placement is not a problem if not a reason for price to go higher.

You already concluded that money for mining & feasability will have to come from EXT & that gold production is not sufficient & then we'll have to have a placement. These are all assumptions & they could be correct but up to this moment they're not a must.

KLA is still there to contribute & we don't know how & also gold price is tipped to test recent highs of $700+ soon. if we are to assume we could add to the list a merger between KLA & EXT or EXT being listed in AIM or another player comes to pay the bills of minning....many many options if we try to think of possibilities!

you also forgot that a placement means that we hve good "feasable" grades & that we'll need money to mine them...that by itself should pay for whatever loss in SP any placement could produce.

cheers,

IGO4IT said:

you also forgot that a placement means that we hve good "feasable" grades & that we'll need money to mine them...that by itself should pay for whatever loss in SP any placement could produce.

Click to expand...

agree

when this goes up the volume will be there; as seen in the past; back in feb-mar when this was on the up we had 20mil days routinely

risk rewards look good here; if news is bad 50% loss to about 4c, if news is good then 150% to 20c... (of course with stops that risk/rewards can be even better)

i bought for results so personally im waiting for them

all the best

Igo,

EXT doesn't look good technically. Your Williams % indicators must look shocking. Don't expect anything this week, maybe a slight rally but that is all, cannot see this going higher looking at the charts.