Bioseek Share Discussion Threads

[and then] 22/3/2011 08:48

Wanted to paste this next chart as a reference to come back to. You would normally short resistance with a stop above, i think this was the case on the 19th, however the pull back was weak and got bought back up quickly. We are now hugging the line and it appears to want to break back above. I stick with my prediction of yesterday.

[chrisb1103] 21/3/2011 22:13

Yeah Dan, is disappointing here at the mo. First the MMs killed off trading with a massive spread for days and days, then the markets went on a sell off, then we seemingly get a persistent seller. But recently there's been people dying to get a good price in here given the positive analyst and commentator coverage we've been getting since the start of the year, but it's not enough to clear the seller and people are now spooked by the falling chart ahead of the results imo. Once the seller clears we should start to tick back up, and this can move up fast as we've recently seen, and who knows we may get a rise like March/April 09 (come on David Schwartz give us another mention that should do it!) Especially so if the results are better than many expect with sharp revenue acceleration, a return to profit and the outlook for growth remains as confident as many including ATD themselves recently have discussed - all of which stand a good chance in my view.

In the meantime we all have our choices... average down/top up as this could be a great buying op, get spooked and sell a few or the lot as perhaps some are now, or just sit tight with what you have and ride out the volatility and say hey-ho crazy markets. All depends on your attitude to risk, your timeframe for investing and most importantly the confidence you have in your research and judgement about ATD.

FWIW my view is the story we've all been following of turnaround, transformation and big growth opportunities which should lie ahead hasn't changed in the last two weeks. I think you have to look past the short term price action as the real rewards here are if ATD pull off their abmitious growth plans in the big market they have to play for, all in the medium to long term - and if they do, that's when we'll all get the big payout :) Of course having loaded up last Oct/Nov and seen a big rise turn into a steep fall i wish i'd maybe traded a few now lol, but then hindsight is a wonderful (and pretty much irrelevant) thing... GLA... let's hope our patience is well rewarded here.

[danosborne] 21/3/2011 17:48

Hi all,

I am quite new to the whole stocks and shares thing. I picked up some of these a while ago and then topped up again last week to lower my average slightly. Did quite alot of research on Asterand initially and follow this message board and a couple of others. I read the news last week and understand that Omega are trying to offload some (therefore bringing the price down slightly).

Got to say getting a little bit worried by the big drop over the last week or so. There does not seem to have been many sells to warrant such a big drop. Just wanted to make sure (as a bit of an amateur)that I have not missed a fundamental change (or peice of news) about Asterand. Wondered what your opinions are in terms of where the share price may be after the results at the end of the month?

Cheers Dan

[spaceparallax] 21/3/2011 17:48

I suspect that today's dip could be Omega unloading more. They must be desperate for cash.

[spaceparallax] 21/3/2011 16:30

If only I were able to afford that.

[bloodhound] 21/3/2011 16:28

SP, you'll be declaring an interest if you carry on like this...;-)

Bh.

[spaceparallax] 21/3/2011 16:25

just grabbed another 10K@13.85p

[spaceparallax] 21/3/2011 16:15

down to 13.5p again.

[bloodhound] 21/3/2011 11:05

I must be cracking up, I'm sure I just saw a 1M trade appear and disappear.

Bh.

[and then] 21/3/2011 09:42

EURUSD to hit 14300 on the 31st???!

[bbluesky] 20/3/2011 18:47

This is such an institutional type of stock, another great opportunity for the broker to place. To whom it may concern: frankly, if you can't sell this, at this price!!

[and then] 20/3/2011 12:03

Interesting to add that it only appears in hindsight that this time the rising TL was obeyed, this wasn't the case between the 24th to the 27th Feb!

[and then] 20/3/2011 11:53

As suggested, shorting after the red engulfing (reversal) candle on the 7th, would have given a good gain, however, moving your stop to break-even would have seen your position stopped out for 0 points on the spikes of the 9th, (presuming one had left the position to run). Stop placement can be a headache. Shorting after i realised it looked like turning downwards would have needed a stop just above the previous high, (16350 eg), that would likely be somewhere in the region of a 75 point stop if shorting around 16275ish, it would also have been very close to having been taken out, but the absence of a higher high would have proved correct...
Alternatively, shorting at or under the support trendline before the red engulfing (reversal) candle in this case (4hr chart) would have seen you go short at approx 16250, stop placement an easy one this time, (just above the line), a typical 20 point stop, (16270) would have seen safety from the spikes two days later and a free ride down to 16000 area. That is what risk/reward is all about, 20points risk vs 300point gain and even if that's with the benefit of hindsight, it dropped quickly enough to give up 100 points without giving any indication of a reversal to the upside.
The green candle on the 6th bounced off the rising TL, but when the spike hit the top bollinger and dropped, it should have flagged a return to the TL and the possibility it wouldn't hold, (as was the case), I should even have set an automatic sell order at the line with the standard stop above, although most of this is being written with that wonderful benefit of hindsight!
Add to all this the correction on the markets building steam together with the events taking place in Japan and therefore the obvious return of strength to the dollar and the short position was an obvious one to take...

[bloodhound] 18/3/2011 15:40

Another 100k sold off. Looks like we're stuck here until this overhang clears, bummer but it'll come to pass.

Bh.

[and then] 18/3/2011 14:45

Ok, so further to my last cable post, it appears it did indeed roll over giving up over 300 points... 160 was tested a few times, each giving a decent bounce, all in all points galore, shame i wasn't around to claim any! :(

Note the need of greater than 20 point stoploss, (below 160), to go long, also look at the nasty spike to 16342 on the 7th, would have taken most stops out (if short)...
It was a spike to within 2 points of the previous high, shorting after the next red candle (reversal candle), would have produced a very healthy points gain.

[spaceparallax] 18/3/2011 09:56

It could be that they took a load in the placing a few months back and are just offloading at about break even to meet some cashcall.

I've now got about 6% of my portfolio here, which is quite high for me. However, I can see that 6% being worth 20% in a couple of years time.

[chrisb1103] 17/3/2011 20:32

Great post rivaldo - appreciated the reminder of the massive potential here! Nice to get a few more cheap eh spacep - you really have to wonder why someone's apparently chucking them away at this price tbh. Clear the seller before results and then hopefully we'll be back on our way, a repeat of end march/april 2009 would be nice eh :)

[spaceparallax] 17/3/2011 17:35

That could easily be it - or something tied to the financial year end.

[bloodhound] 17/3/2011 17:08

"nevertheless Omega seem to want out for some reason"

Maybe they see greater short-term gains elsewhere.

Bh.

[saddambingaddafi] 17/3/2011 15:19

nevertheless Omega seem to want out for some reason

[spaceparallax] 17/3/2011 14:41

Cheers Riv, that is a superb article that should help open the eyes of many to the growth potential of ATD.

[spaceparallax] 17/3/2011 14:24

Just taken another 15K@13.65p.

Given their growth potential, they seem too good to miss at these crazy prices.

[bloodhound] 17/3/2011 12:23

Yes, unfortunately we have a seller when we really don't need one with the markets as they are right now.

Bh.

[spaceparallax] 15/3/2011 09:13

I wonder how many Omega intend selling - the MMs are certainly making mischief with it.