Amerisur Resources Share Discussion Threads

[eddie_yates] 17/10/2017 16:59

I'm always pleased to read when ML has had a top up.

[al101uk] 17/10/2017 16:25

"Quid, I do have a drawer full of fallen knives"

I think you've answered your own question, what made Amerisur so different from the others? Were you equally as sure that the other shares were not also falling knives when you bought them?

Momentum works, you can't dismiss it... you can ignore it and I'm as guilty as anyone of doing that.

Detecting the changes in momentum is the hard part and that's a skill I leave in the capable hands of TA. Me, I'll stick to what I'm good at, fundamentals and keeping an open mind, listening to the people I respect and hearing the people I don't ;-)

I think you're right by the way, it was a steal at 16p, but it would have been even more of a steal at 10p or 8p and had it gone to 8p before momentum had turned, your 16p would have looked expensive vs Marnewtons 12p (or whatever his lines and averages had told him to buy at).

I get it, I'm just sh*t at it :-)

[moneylender] 17/10/2017 16:12

well didnt want to be rude so grabbed a few more this pm!

[lucyp00p] 17/10/2017 16:02

My point was that this was a steal at any price in the teens. The only disruption was likely to come from the oil price collapsing, which is a fairly random event these days, and probably subject to a lot of conjecture. I wasn't sniping, simply querying why a chart driven purchase in the 20's is any more worthy than a punt at a bargain price - I would suggest missing out on a 25% turnaround is precisely the reason to ignore the charts myself. Quid, I do have a drawer full of fallen knives but this was different. The market had been massively discounted in my opinion, and the longer people sat on the sidelines waiting for the chart to turn, the longer I could pick up cheap shares. As it is, although I sense sunny upsides, I am done buying Amer and will no doubt be wishing I had the chartists perspective when another raging sale signal passes me by.

[juuunx2] 17/10/2017 15:55

Fingers crossed Dav

[davwall] 17/10/2017 15:41

We're up, and that'll do me however it's driven. Even better if it can at least hold the current price at the close.

[juuunx2] 17/10/2017 15:33

Sorry marentown feeling a bit grumpy today touch of man flu?

[al101uk] 17/10/2017 14:57

"all those variables are in the price. The price is on the chart. It's the ONLY absolute."

I was on your side until that comment marnewton ;-)

The price is or should be a reflection of of an opinion based on momentum/charts/fundamentals/pub chat/news/psychology/forced sales/conspiracy theories/short term issues/long term issues and even the financial agility of the market participants.

It may be an "absolute", but it's only there for a fleeting second before it's replaced by a new price and even the price quoted isn't necessarily the price paid and any price depends on weather the that trade is a buy, a sell and in what volume. As soon as you extend your "price is an absolute" to the "chart is an absolute" you're in even murkier waters, someone recently argued that "free charts would show a gap that didn't actually exist". Even looking at identical charts people can take very different views of what they represent. The chart that represents that reflection of an opinion can in no way be considered an absolute and it's interpretation is just another layer of abstraction that muddies the waters.

And I still think charts and TA has it's place, investment is all about the interpretation of all of the available knowledge and understanding market dynamics/behaviour can be just as important as understanding fundamentals like cash flow and balance sheets. In fact in the shorter term I'd argue TA can be a far more useful tool.

[marnewton] 17/10/2017 14:29

I hadn't a clue about all that juuunx, but the chart kept me out.

And it got me in at the bottom too, Lucy, with little thought of fundamentals.

Dunno why we can't all rub along together without all this sniping.

M


P.S. Lucy: "with so many variables in play" - all those variables are in the price. The price is on the chart. It's the ONLY absolute.

[quidnunc] 17/10/2017 14:06

Hi Lucy,
If it was a dead cert, everybody would use charting.
It aint!
As it is, it can give a slight edge on occasion and helps focus the mind on what the market is doing as opposed to what you hope it is doing.

On the other side of the coin is the narrative.
Again, if you bought only on that, you'd be out of pocket more often than not waiting for those trees to bear fruit.

Contra like you did works some of the time too but, if you look at Amer's share price graph over the last couple of years, the opportunities for catching a falling knife far exceed those of catching the tide on the turn.

Chopper, it predicts rather than dictates....better than tea leaves too but a good cuppa steadies the nerves :)
Q.

[chopper harris1] 17/10/2017 13:21

I agree Lucy. I've always believed that share price movement dictates the shape of charts but that the shape of charts does not dictate share price movement.

[lucyp00p] 17/10/2017 13:17

Returning to the chart subject which we all seem to love. I loaded up at 15.69 - 16.7 p because I knew Amer was ludicrously cheap. That means by ignoring charts I'm 25% ahead. I don't understand charts in companies with so many variables in play, especially in a company as lightly traded as this. I appreciate there is a time and place for charts but I'm not convinced an AIM listed company with Giles Clarke at the helm is it. Research clearly demonstrated - and continues to show this is a spectacularly cheap investment relative to an increasingly risk diminished operating environment and if the herd can't see it I'm not waiting until they move to make my play.

[marnewton] 17/10/2017 12:44

Quack!¬)

M

[the dark horse] 17/10/2017 12:32

I'm in agreement Martin, chart looking positive but guess I am just weary of thinking that only for it to disappoint. Maybe this time, it certainly looks like a coiled spring but needs to keep going on increasing volume
GLA

[marnewton] 17/10/2017 12:27

Hi Q,

Have we got all our ducks lined up?

Not quite...no word from TDH!

Still need more volume...

But tranche #3 bought anyway;¬)

ATB

M

[boris cobaka] 17/10/2017 12:21

a few trades popping up on NEX which don't show in the total volume column.

[dodge city] 17/10/2017 11:27

Could hit 30p if the production numbers for October are good.

[boris cobaka] 17/10/2017 10:50

or maybe like a snail.....

[tsmith2] 17/10/2017 10:45

Whoosh to 25p coming

[boris cobaka] 17/10/2017 10:12

volume picked up a notch. Mr 50k seems keen...

[eddie_yates] 17/10/2017 10:07

Ello ello ello what's all this then???

[quidnunc] 17/10/2017 09:42

Your family could afford clogs?
Posh or what?
Q.

[meneither2] 17/10/2017 09:28

Or even clogs to clogs in 3 generations

[quidnunc] 17/10/2017 09:19

Westie, the old saying was "Rags to Rags in three generations".

Martin, yesterday's action crossed both Kijun & Tenkan so a very promising augury but....volume and momentum are key in this.

Q.