EXT - Excite Technology Services
- Thread starter dwecke2000
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IGO4IT said:
U reckon?
Doesnt every1 already know this ie. that drilling will commence next week, from the Kalahari announcement? It was posted here or maybe on S/S or H/C... cant remember...
I think there will be some eyes also on Kalahari too i imagine...
I took a position in EXT in early FEB, still waiting for that announcement....
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nizar said:
ok, everyone knows this but this stock HAS the characteristics of short termer profit generator.
if you notice, EXT had traded for the last 1-2 months in a rectangular path between 9.8c - 8.9c religiously, so it hits the roof & then hits the floor.
Many analysts taken that as an advantage & starting buying at bottom & driving volume high & of course SP with will go high with volume then they sell on 9.7c - 9.8c, it happend 4 times in the last 2 months & I only caught the wave last 2 times only
the proof for the rectangular path trading range is all drops were not volume driven drops, practically, those who got in on the volume spike & were expecting a big increase had realised that SP stopped at 9.8c & then decided to sell immediatly or even with a loss at 9.5c or less.
why will it go off when news come?
you'll have longs who will add to their position.
you'll have volume traders/day traders who want to catch the volume wave.
you'll have investors who are still scared & will go in after making sure that everything is fine (after drilling) & on track & U story wasn't funny story like others in market who had funny stories before.
out of all these guys, only volume traders/ day traders will sell but will NOT sell imediately but will like to see SP go higher & higher & they'll only sell on a sign of reversal.
So after drilling news come, imo, its in everyone's intrest to pay more for shares so price can keep going higher, it re-assures longs, it satisfy volume/day traders & if proves a point to investors & it makes them more comfortable trusting EXT & joining in!
cheers,
laurie said:And provides INCOME for U exploration without the need to raise capital
cheers laurie
The following is just for reference:
http://www.minesite.com/storyFull5.php?storySeq=3394
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ok guys, today's trading imo means 1 thing, big guys are intrested & they know that drilling will start soon, they're shopping early because they know it will be a big line up very soon.
if tomorrow's volume exceeds today & price stays same or increase 0.1 - 0.2c then I think we'll break 10.5c resistance point early next week
Early birds are shopping in EXT now for drilling but they know they have time, so they're taking their time, last minute catch up imo may do the miracle that we're expecting & beyond 12c is all blue skies.
fingers crossed
if tomorrow's volume exceeds today & price stays same or increase 0.1 - 0.2c then I think we'll break 10.5c resistance point early next week
Early birds are shopping in EXT now for drilling but they know they have time, so they're taking their time, last minute catch up imo may do the miracle that we're expecting & beyond 12c is all blue skies.
fingers crossed
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Fingers crossed indeed! I think it will have one more retreat before finally breaking resistance...hope I'm wrong though!
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I love being wrong like this! 12cts and still going...
so are you thinking blue skies? Seems a relatively safe U stock when you compare it to stocks that might not even mine a damn thing. I bought in today as a trade but am planning on holding longer term as I like the EXT story. Where to this week? consolidation before another move or will my Tech Analysis come true and we'll see a strong move past 12 c???
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I hope everyone had their seatbelts fastned properly & you didn't fall from today's speed
For those who still hanging on, stay hanging on as imo we should be looking at 20s conservatively after drilling starts.
froma volume point of view, its better if drilling ann comes next week not this week, the current volume wave is going fine & it should lose power imo around 16c-17c if it loses power earlier then there will be another 1 coming to collect the left overs
Drilling news target should be somewhere in the mid 20s & after drilling finishes in 2 years if I'm not wrong or being pesimistic should be $1.5 - $2 minimum.
cheers to all & remember "IF YOU'RE NOT A DAY TRADER - DO NOT ACT LIKE ONE"
For those who still hanging on, stay hanging on as imo we should be looking at 20s conservatively after drilling starts.
froma volume point of view, its better if drilling ann comes next week not this week, the current volume wave is going fine & it should lose power imo around 16c-17c if it loses power earlier then there will be another 1 coming to collect the left overs
Drilling news target should be somewhere in the mid 20s & after drilling finishes in 2 years if I'm not wrong or being pesimistic should be $1.5 - $2 minimum.
cheers to all & remember "IF YOU'RE NOT A DAY TRADER - DO NOT ACT LIKE ONE"
from a TA standpoint I'd expect to see tomorrow a bit slow with a stand-off, then ultimately, the day after absolute chaos. Certainly U fever might skew that off completely if enough people are playing this as a hedged U play! We're having a good week Surelle, EXT, IGR and TOE for me. he-he.
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Price gapped today on opening & closed on new highs, old 10.5c psych. resistance is history.
this is what pros says about this gap:
"A breakaway gap occurs when prices leap out of a congestion zone on a heavy volume & begin a new trend. An upside gap is usually followed by new highs for several days in a row & then a series of lows"
"A breakaway gap marks a major change in mass mentality - it reveals a great pressure behind the new trend. the sooner you jump aboard the new trend, the better"
These are quotes from Dr. Alexander Elder book "Trading for Living".
cheers
this is what pros says about this gap:
"A breakaway gap occurs when prices leap out of a congestion zone on a heavy volume & begin a new trend. An upside gap is usually followed by new highs for several days in a row & then a series of lows"
"A breakaway gap marks a major change in mass mentality - it reveals a great pressure behind the new trend. the sooner you jump aboard the new trend, the better"
These are quotes from Dr. Alexander Elder book "Trading for Living".
cheers
