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FUN - Fortuna Metals

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rico01 said:
you can get a link to the ann herewww.asx.com.au/index.htm
on this page there is a box with price sensitive announcements , just scroll down to you find it at 8.36 am
Click to expand...

yeah i know where to get it, js saying that lot ppl prob didnt notice the ann yet, lets hope it'll pop a lil higher when the market opens.
 
10mill trades in 15mins and we're lower than opening price

this is seriously getting to me

stop selling!!!!!!!
 
just for the record the report was better than my wildest dreams. Over 200mt with only 6 weeks for another substantial increase.

I certainly won't be selling at these levels, too much upside to come.

Don't worry as the sellers dry up during the day it will move higher again, it will take a while for people to digest the significance of the report.

They already believe they have enough tonnes for a mining operation, very encouraging they are heading towards scoping study/feasability study.
 
It will settle at around midday ;D, it was always going to happen, imo there is still the long term traders to get in.
 
Craze0123 said:
It will settle at around midday ;D, it was always going to happen, imo there is still the long term traders to get in.
Click to expand...

Exactly!

One only has to look at what happened to the SP last Friday i.e there was a sell off until 2pm, the the buyers moved in.
 
chicken8 said:
10mill trades in 15mins and we're lower than opening price

this is seriously getting to me

stop selling!!!!!!!
Click to expand...

Don't worry. There will be a lot of profit taking for a while. When the price is double my buying price I will sell half and free carry the rest. There are plenty of traders settling for the profit on a daily or weekly basis and with a share ike this it will continue for some time. Start buying if you think they are too cheap or just wait.
 
I read the report in the morning and placed an order before the market opened (@0.165) then after about 30min of market opened my order was still pending so i panicked and bought again (@0.175 market price) then i saw on comsec that both my orders where placed. A bit annoying really - does anyone know a good way of finding out if your pre-market-open order will go through or not. I also placed a buy order for FNTO that didnt go through. Very annoying as (imo) the options are very under valued.
 
You should be able to buy at limit now, and anything that does go through at market by the end of the day (assuming the SP drops back far enough) then you could sell sell them later today/tomorrow.

I doubt the SP will drop back far enough, but you never know.

That's why I hate at market buy orders... they may not get filled and you cannot cancel them.

A dumb idea I think.

That and at market sell orders will take anything they can get their hands on.

Confusing if you havn't used them before anyway.
 
I know i can see the report on ASX but E-Trade still isnt showing the announcement of upgrade....this might be a good thing as if/when it shows up it may provide some extra kick to the SP...
 
That's very interesting.

Has anyone emailed etrade to see if they know about it ?

I don't use it personally.
 
still nothing on Etrade, but look at the volume ! and still some big sell orders.
we just need market sentiment, the facts speak for themselves.
 
Im not selling, but its very interesting to watch the options in play. As the heads move ever so close to the option strike price of 20c, the options continue to be sold into stronger buy orders. As the heads pushed back up through 17.5, the options went backwards. And while the heads have moved forward about 5 cents in the last week, the options have gone forward only .8 of 1 cent.

I still think that those being sold down are the Bell placement, and i cant imagine that they would have very many left with 25 milliod odd options traded in the last 3 days. Once they are gone, id expect the options to follow the movement of the shares a lot more closely.
 
They sure are good buying the oppies if the heads continue the march toward 20cents 18.5 is a nice level for the heads to be challenging atm the oppies could be in the money if the pressure keeps up on the heads ....................with the time line of hopefully positive anns on FNT,s projects the oppies are fantastic leverage atm very comfortable being up to my lips in them
 
just wondering if anyone is a member of miningnews.net as there is an article already posted about the Kodu upgrade. You need to be a member to view the article. Would appreciate if anyone is a member if they could post the article for the benefit of ASF members
 
over $5mill has been traded today, that means that about 20% of the company has changed hands today alone, based on an 18c share price.

is this correct? and what implications will this have?
 
prawn_86 said:
over $5mill has been traded today, that means that about 20% of the company has changed hands today alone, based on an 18c share price.

is this correct? and what implications will this have?
Click to expand...


Prawn..are you sure about those numbers...five million dollars seems to be a bit high to me
 
yeh, as we speak the volume just went over 30million shares. Unless my trading acc is screwing up but i've never had a problem with it before
 
I just heard a rumour about a price forcast 4 fnt but i can't say what cos it,s a rumour. Do any brokers cover this stock or are going too in the future?
 
prawn_86 said:
yeh, as we speak the volume just went over 30million shares. Unless my trading acc is screwing up but i've never had a problem with it before
Click to expand...

I think the market is getting over excited, although many didnt get as much info abt the ann as us, i still think its been over bought, looking at the volume been traded, unless day traders has came in and started play around with the prices. we could see a bit of retraction tomorrow, depending on how US opens tonite.
 
I am concerned about the number volume of trades...

I am considering bailing due to the fact something doesn't feel right.

25% of the company changes hands and only up 3 cents.

Would seem like a waste of brokerage!
 
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