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IMD - Imdex Limited

Discussion in 'Stocks I-P' started by drmb, Jan 27, 2007.

  1. sptrawler

    sptrawler

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    Up another 10c today, that is 30% this week, just my luck, the tipping starts tomorrow.:(
     
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  2. Miner

    Miner

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    Have you tipped ?
    Good luck then. I want you to win the tip and then purchase will rise too :)
     
  3. sptrawler

    sptrawler

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    Never, I repeat never, back me I'm the worlds worst Jonah. Everything I touch turns to $hit.:roflmao:
    That's why I want the Duck, Boggo, Peter etc, to teach me how to trade, me gut feelings, only prove my gut hates me too.:(
     
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  4. Miner

    Miner

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    Dont stress mate. Enjoy the weekend and the new FY.
    Every gets some 'thing' on their investment. That includes Buffett too.
    So think believing of your instinct and of course from the experts you mentioned.
    Cheers
     
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  5. sptrawler

    sptrawler

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  6. Miner

    Miner

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    I am guessing by 18th August when they would declare their annual result, we have to patiently wait and see. so far the trend is positive.
    I am not competent to analysis the double bottom of the chart and make comment. A few months back did not understand charts and trying to understand now (and liking too:). But there are great gurus on chart specially @tech/a, @peter2 , @Boggo , @barney , @kennas , @greggles @So_Cynical and alike folks to make comments on the IMD chart.
    Yes, I am holding and with 14% paper return over since I bought only a few months back, at this point, not complaining on IMD :)
     
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  7. peter2

    peter2

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    An updated chart of IMD is looking more bullish than it did when I last posted. I mentioned the large weekly corrective pattern (that's all the sloppy ups and downs between the sloping lines). Price has broken through the upper level and has been consolidating above the line. This is bullish. Buyers are now eating into the supply at 1.30 - 1.40 (old high). No doubt the next news will send price higher or lower if it disappoints.
    imd2507.PNG
     
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  8. Miner

    Miner

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    simply awesome @peter2 - the quality of information, data-based and so prompt. Thanks a lot
     
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  9. Boggo

    Boggo

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    Nothing to add to peter2.
    A breakout at or after a macd overlap would trigger my alert.
    Initial tight stop at break of 1.16 until weekly stop catches up.

    (Weekly chart - click to expand)
    IMD W 250719.png
     
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  10. Miner

    Miner

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    Thanks, @Boggo for a factual data based comment.
    Hello @sptrawler - now you can not complain about your IMD holding.
    Make sure to provide 20% of your profits from IMD equally to @Boggo and @peter2 before any other stakeholders arrive on the scene to enhance IMD price :)
     
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  11. willoneau

    willoneau

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    Hi Miner, IMD had an extremely large volume spike today, any thoughts on that?

    IMD daily.png

    If prices closes back inside box might be signs of exhaustion.
     
    Last edited: Jul 26, 2019
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  12. tech/a

    tech/a No Ordinary Duck

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    Haven’t seen any other charts than those posted by
    Pete @ Boggo but that very high volume bar looks
    Awfully suspicious.
    If it had blasted price through to a new high I would
    View it completely differently.

    But without that it looks a lot like supply selling into demand.
    I’ll have a closer look.
    I see 15 or so trades totalling 7 million or so shares between
    1.29 and $1.315 price only moved .5c each parcel
    I’m thinking supply taking opportunity.

    If so I’d expect resistance to new highs.
     
  13. Miner

    Miner

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    The market has been slaughtered at large today. So I was watching IMD and understand how companies like this could sustain. Noticed IFL has shed twice it's holding on IMD. https://www.asx.com.au/asxpdf/20190805/pdf/44775dsldjky3q.pdf - published on 5 Aug
    mUFG increased its holding on the same day
    https://www.asx.com.au/asxpdf/20190805/pdf/44770l402gphfh.pdf

    Morgan stanley reportedly moves fast and it has enhanced its holding on same day reported on 5 Aug
    https://www.asx.com.au/asxpdf/20190805/pdf/4476538dqdx80y.pdf
     
  14. willoneau

    willoneau

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    Hi Miner , just looked at IMD noticed low volume on large range bar and closing on top of the box. So possible stopping volume i think but still learning about volume.
     
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  15. sptrawler

    sptrawler

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    Yes miner I found that pretty interesting, IFL still has a major holding but Morgan Stanley and MUFG have really topped up, nearly at 11% each.
    Between the three of them, it is over 25% of the company.
     
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  16. Miner

    Miner

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    @sptrawler and @willoneau
    Under the circumstances, probably wait, watch and wink (whinge or wonder ) :) - 3 W basically
     
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  17. willoneau

    willoneau

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    Your holding IMD or looking to enter?
     
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  18. Miner

    Miner

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    I am holding (already declared my interest). Honestly, when I entered it was with lots of uncertainty on my mind and reading the reports basically than charting (not my strength). It is positive but not even halfway compensating losses on NUH or MLX however :).
    Do you reckon time to add?
     
  19. willoneau

    willoneau

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    Depending on daily or weekly ?
    daily i would use todays bar as both the entry trigger and stop.
    weekly i would do nothing until the close of friday.:2twocents
    PS, not trading it myself.
     
  20. willoneau

    willoneau

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    If your using mainly FA then improving your TA will definitely help especially with were to enter and exit.
     
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