Bioseek Share Discussion Threads

[buywell2] 22/6/2011 16:26

No I am not , I merely point out that the volumes have been low on this stock for a while and it seemed likely that had the CEO NOT bought 85,000 shares then the share price could well have drifted lower to 10p

My other point since he has bought the shares and the share price has still drifted , what will happen if he does not continue ?


emuphil - 22 Jun'11 - 11:54 - 480 of 483


Buywell, are you trying to make out a CEO purchasing shares is a negative...?

[emuphil] 22/6/2011 15:28

Seems all there is on any of these boards these days is accusations of ramping or de-ramping. Neither really bothers me, take on board what you agree with and discard what you don't. If you have your own opinions then anyone who genuinely manages to ramp or de-ramp a share to a different level than it's worth provides you with a buy or a sell opportunity. In reality I doubt it has much or any effect, especially medium to long term.

[david123456] 22/6/2011 15:06

re post 481
Ramp alert. Ramp alert.
When space parallax says buy - it usually is a sell signal

[apex] 22/6/2011 13:30

And Then - No trades today?

[spaceparallax] 22/6/2011 13:28

He and his chums are trying to make out that everything at ATD is negative - it's in their job description. Fortunately, it's so transparent that it's laughable.

[emuphil] 22/6/2011 11:54

Buywell, are you trying to make out a CEO purchasing shares is a negative...?

[and then] 21/6/2011 11:37

Ok, read the above again and you will see what i meant with the help of the following chart...

Price had indeed started a retrace. Once we took out the last HL on the way down, we required an immediate retrace to form a flag, this was tradeable short upon break-out.

Here's the chart...

[and then] 21/6/2011 09:56

Posted the above chart on the main thread and didn't receive one comment. So will keep the updates for here...

As suspected we printed a new HH. Right now, it is in nomansland, possibly already started a corrective move, but too early to say. There will be a trade once (or if!) the last HL is taken out to the south, provided it then retraces immediately to form a flag. Watching for now. I probably should have put a big red arrow to the RHS of the chart, pointing down, with a similarly large question mark above it!

[apex] 21/6/2011 08:48

Good job And Then! Keep up the good work ... I might have to work nights to keep up with you ;)

[and then] 21/6/2011 06:29

Whilst you were all sleeping! Trend was up!

Here's how to check...




So once we know...





Notice the new 15 point rule appears to be perfection...

[and then] 20/6/2011 15:29

Trade times appear to be rarely longer than 10 minutes, with as little as 2 minutes, entry to target...

[buywell2] 20/6/2011 15:27

I see the CEO has bought some shares
Not many seem to be following his lead though note

Which begs the question

If he had not bought 85,000 shares , then what would have happened to the share price ?

[and then] 20/6/2011 15:13

Wasn't sure about using the smaller time scale earlier, but now i'm convinced!

[and then] 20/6/2011 13:46

I will call that a 'car pattern'... :) Lol!

[and then] 20/6/2011 13:41

I didn't take this trade, although i really should of as i was watching at the time. Earlier a LH was taken out, thus trend changed from short to long, (it cost me some wedge!).
Now when price retraces, notice it came all the way down to the maximum it is allowed to under the rules - the previous last HL before the HH, this is nothing to do with my system. Just a great place to enter long knowing that your stop can be literally a point plus the spread. If it breaks the last HL by a full pip, it cancels out the uptrend, (this is highly unlikely at this stage, but always a possibility.
The point is, you can go long, with a stop of basically 2 points. Fantastic R:R

[apex] 20/6/2011 12:10

And Then - Thanks again for taking the time to explain further - really appreciate your help. Starting to get the idea finally! :)

[and then] 20/6/2011 11:35

Peter - Lol!

Tony,

Basically we are looking to work out the overall trend by watching for Higher Highs, Higher Lows in sequence for long and Lower Highs, Lower Lows for short. Basic Elliot Wave theory will add that you will create 3 peaks (or troughs) during a 5 wave move being the main direction. This will be followed by a corrective move, (often not worth trading as we should look to the main direction). Then we look for a pullback within the trend and trade the breakout. Get it right and the trade will reach its target very quickly without any 'heat'. The whole system is set-up for small points but high probability.
It doesn't sound impressive to claim 15 or 20 points compared to some systems on here, where traders make 60/80/100 points or more from one trade, however, if the confidence is gained with this system, you should be able to build the confidence to trade heavily... 15 points at £20 per point is obviously serious money, particularly if you can find 3/4 trades a day.
The problem is the market likes to mix it up a bit, (well, a lot actually!) and will do everything it can to take you out of a trade. The best set-ups are the first ones as seen in the following chart, again the problem is finding a chart which confirms the trend direction before it has already given up the best set-ups. Often by the time a trend can be confirmed it is too late! That is where experience comes in, plus the entry factors of the trade, which are determined by the indicators...

[petersinthemarket] 20/6/2011 10:29

>>and then
just a line to confirm that your trading system is perfectly safe with me.
I cannot understand a word you say.
best wishes, pim

[and then] 20/6/2011 07:55

Nothing purchased, just happening to come across the right man at the right time! After comparing notes, i realised the man knew his stuff...

Anyway, loads of free info here, this is the first nice set-up using the tweaked system...

A very favourable R:R 10 point stop/15 point target, but high probability outcome.

[apex] 19/6/2011 22:26

Thanks again.
You mentioned receiving an update - is this a system you've purchased or something that you've developed?
Sounds promising ... Good luck!

[rs2ooo] 19/6/2011 19:34

Wrong thread.