Casual_Investor said:I dont get how the valuation of a company can depend so sharply on whether investors push the stock below 7 cents or above 11. Doesnt the market price of a company depend more on its operating fundamentals rather than it hitting that all important 11 cents.. or dropping below that 7 cents?
Are you sure your not reading too much into the share price activity as an indicator of the future share price?
well i guess frustration is the name of the game Jemma..just hang in there coz one day things will pay off..the best way with these specs is if u buy large parcels and it moves in the right direction then sell some to get ur initial capital and hold the remaining..if u buy well it doesnt need to rise so much to hold decent sized parcells of shares for very small initial cost..having said that heheh if it continues to rise after that then forget the frustration...the name of the game is to be constant in good times and bad timesjemma said:Petee, I am blown away with your goodwill.
Let all the fortunes bestowed to you. Don't sweat with EXT I have been there since its worst falls in May and could have dumped in the next rally to 11 and made money but held. When it went down to 7.1, I held, when it breaks 11 again I will still hold. It is frustrating watching it every day do not nothing, but it is just going sideways which is better than down on larger volume.
It will wake soon for good or bad, remember what doesn't go down will eventually go up!! What will make it go down heavy you should ask after the last results??? I cant see why it would fall hard, we will know in the next week my guess.
petee said:well i guess frustration is the name of the game Jemma..just hang in there coz one day things will pay off..the best way with these specs is if u buy large parcels and it moves in the right direction then sell some to get ur initial capital and hold the remaining..if u buy well it doesnt need to rise so much to hold decent sized parcells of shares for very small initial cost..having said that heheh if it continues to rise after that then forget the frustration...the name of the game is to be constant in good times and bad times
Me too !Casual_Investor said:I dont get how the valuation of a company can depend so sharply on whether investors push the stock below 7 cents or above 11. Doesnt the market price of a company depend more on its operating fundamentals rather than it hitting that all important 11 cents.. or dropping below that 7 cents?
Are you sure your not reading too much into the share price activity as an indicator of the future share price?
fair comment IGO trust me ive been thru highs and lows lol in my 20years trading shares..but wouldnt have it any other way..yea U is a clean fuel able to power the masses..and it seems thats the way its heading..been and done with PDN..there r a few smaller priced U stocks around and just keep digging..many and hopefully EXT will benefit from the U bonanza..just keep ur head down if u hear romour of A Bomb heading our way..or at least keep Jesus in ur heart at all costsIGO4IT said:Petee,
In my view of the world, the name of the game is the "idea" not the company or the metal...this is also the answer for the 11c question & why a company would go that high.
if you hold EXT, its like any other company, it has the chance to be massive, the idea is the energy behind the Uranium & the future need of it to maintain energy supply to heavily crowded parts of the world like india & china.
When I first bought in EXT, Uranium wasn't popular but now since its the only way for humanity to stop using coal in generating electricity, a person needs to think ahead to find out what could be the next petrol (in demand attitude), Uranium is a clean & massive source of energy & the world has to walk that road by force because our environment damage proportion to our growth is becoming a lot faster than 100 years ago & will be faster in 20 years time.
EXT offers a little share price & obvisouly has tons of shares on issue, but once again, if you want the other guaranteed alternative you'd be better off with RIO or PDN....same exact idea of doing your own business or buying a franchise....you want immediate return, pay the price, you want to make big money with little SP then you do it your own, with higher risk of course.
Hundreds of companies out there that offer chances, many with great opportunities, EXT is just 1 of them, you like their story then you put your money in & wait for the time to come, when will it come & whether it will come that is the risk. you like the risk & the reward you pay for its shares & once you buy you see many that bought before you & got bored & others that got scared of the risk & others that see better chances somewhere else & others that hold because they see their little business to be a massive multi-billion dollar corporation. time is the judge & your view of current status & how good was your idea when you bought in is what will determine your success.
This one has to keep going because it has uranium & its a matter of time, those that will lose patience & get bored will give away shares for others to make profit & others will get bored & pass to others & so on.......this is the market...you stay in from begining to end.......you have to be EXTRA patient... then you hit the jackpot. if you want to trade ups & down & play the traders game....CGT becomes your partner & you still get profits....just don't cry for not holding when SP becomes $xx
cheers,
johnmwu3 said:Me too !
EXT price is only judged by the foundamentals of it, which is now the main factor, good MD of the company may fast add value of it.That the efficency.
Just like we invest , we want our money add value fast.
For EXT, too slow.
petee said:fair comment IGO trust me ive been thru highs and lows lol in my 20years trading shares..but wouldnt have it any other way..yea U is a clean fuel able to power the masses..and it seems thats the way its heading..been and done with PDN..there r a few smaller priced U stocks around and just keep digging..many and hopefully EXT will benefit from the U bonanza..just keep ur head down if u hear romour of A Bomb heading our way..or at least keep Jesus in ur heart at all costs
IMO U price will down if the OZ labour allow to mine U.IGO4IT said:Hopefully we'll be rich enough selling Uranium that we'll have houses that can protect us from nuclear bombs
Look the U3O8 price chart & you'll be amazed at how fast the increase in price. I'm guessing by time EXT starts production, it will have to be at least US$100+. its amazing how it's the only metal that didn't retrace AT ALL in the last correction & chart price line is going straight up & never looking backwards.........it keeps you thinking of the possibilities
johnmwu3 said:IMO U price will down if the OZ labour allow to mine U.
The price is only determined by require-supply market.
Maybe U price have another 2 years boom.
johnmwu3 said:EXT may just go out of bottom, next up wave is coming.
Any op. ?
petee said:i mean what im saying is is that a spec stock i prefer to buy in at very low prices like under 3 which gives little downside hence no such a loss but even at 8cents there is room for lots of downside in these types of stock..l
IGO4IT said:its amazing how it's the only metal that didn't retrace AT ALL in the last correction & chart price line is going straight up & never looking backwards.........it keeps you thinking of the possibilities
Archinos said:Morning guys
I've posted this before but in another thread - if you're interested in the pricing of U then perhaps you'd like to read this article by Paul Van Eeden at
Tale of Tails: U3O8 processing & pricing
Some extra things to keep in mind when considering the future price of U3O8.
cheers
jemma said:IGO,
Still looks like a classic flag pattern to me. Was I seeing things on the close with that one seller for 700K shares and it was pulled. Were you watching, looks like someone is getting frustrated with the lack of selling each day and cannot soak up enough. Many are keeping this in the bottom drawer now for a rainy day. :birthday:
IGO4IT said:That 700k at sell wasnt' there to sell, it was there to test if buyers are serious or just giving support.
Your flag is going ok, if tomorrow is a small white candle then we're in for big money very soon.
its looking promising or at least better than before!
Tip: if 8.2c keeps holding then we could positively say we're on the right track (I doubt it will break)
jemma said:If 8.2 was going to break, it would have done so by now, it just closed the gap we were worried about, which means it aint goin back down there on the next rise again!!!
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