Bushveld Minerals Share Discussion Threads

[dmitribollokov] 30/11/2018 08:26

fair enough - I don't think it's warrants overhang per se, it's just run out of steam a bit after a massive run. Need news or another institutional investor to get on board for it to take another leg up. Hopefully the latter will be sharpening pencils post the conferences this week.

[katylied] 30/11/2018 08:02

No chartist going to mention the double bottom?...

[zeusfurla] 30/11/2018 07:42

psbhoy Yes thanks for clarifying - that's what I meant. I tend to post in summary language sometimes! What I mean is there appears to be a seller of some quantity offsetting the far larger number of buyers at the moment. Although buying has calmed down a bit for now it will return.

[psbhoy] 30/11/2018 07:38

Dmitri, I think that the reference to warrants is not to outstanding warrants, but to the shares belonging to previous convertors of warrants

[dmitribollokov] 29/11/2018 22:23

It doesn’t, the warrants are all gone. It depends on whether short term bulls or bears are in charge. This has been trading quite technically recently, without news it may fall further.

[zeusfurla] 29/11/2018 22:06

Depends on when the MM's run out of shares/warrants - could be tomorrow or could be longer. Risky to be out imho. This will move fast again once the apparent overhang is cleared and prospective buyers see that.

[dmitribollokov] 29/11/2018 20:09

That was slightly underwhelming px action today, let’s see what tomorrow brings. Powder still mostly dry for this one...feels like a cheaper opportunity will present itself atm, we’ll see.

[psbhoy] 29/11/2018 20:04

Dream on Goofrob

[goofrob] 29/11/2018 19:54

Drifting a bit....once at 30p interested. GLA...

[coldspring] 29/11/2018 18:56

You are correct I much prefer the test match format.

[coldspring] 29/11/2018 15:10

Thought the RNS would see more buying given the detail and the award publicity last night. Looks like we might see 30's after all. Heavy selling all afternoon so far.

[abbotslynn] 29/11/2018 11:30

Agree
Cant see any truth to it.

Edit - If it works in part its only due to the people who follow it and then all act together collectively, bringing about a self fulfilling prophecy.

[jc2706] 29/11/2018 10:23

They are just probabilities. If a TA believes his charts 100% then he is in for a hiding at some point. They are also a moving feast so you shouldn't get wedded to one viewpoint. There are some very bad chartists around, some of them with large followings as well which makes it even more worrying!

[katylied] 29/11/2018 10:12

6072 - Sound advice. I worked on a tech analyst's project at a commodities broker some years ago. He had been head hunted, but had not delivered. he had complained that he hadn't been given the tool he needed. So I created the analysis tool he requested.

He checked the accuracy by comparing to his own historical charts. There was a problem. On close examination, it turned out his historical work was riddled with errors. Quite how be built his reputation, became a open question.

It certainly left me with a healthy skepticism
about how and when charts add much value...

[dmitribollokov] 29/11/2018 10:09

To be fair warren buffet says that and then massively hedges and unhedges using CDS etc

[jc2706] 29/11/2018 10:08

Actually, I invest on fundamentals (although my initial investment in BMN back in October 2013 was a 'special situation') but I find it useful to use technicals to support it. In particular, they can be pretty reassuring with pull backs if such a movement is consistent with the technicals. That is why I would be pretty relaxed if the price went back to the mid-30s as this would be entirely consistent with a continuation of the trend. That said, the 20 day EMA has proved a reasonable support level in this latest move (apart from the strike which was an anomaly).

[psbhoy] 29/11/2018 09:59

Good luck to anyone regardless of their investment methods. Charts etc can obviously help, but I prefer simple reading ion fundamentals and my rather simple method of buying and holding.

After all, every investment is a risk, is why increase the risk by continually buying in and out. I prefer the Warren Buffet style...."“If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.”

[katylied] 29/11/2018 09:59

lol!... AKA projection...

[katylied] 29/11/2018 09:54

I never mentioned demitri, but it seems
his ears were burning...

not my problem...

[psbhoy] 29/11/2018 09:52

Trades of 75000 x 2 have now appeared so I guess you may be wrong about dmitri

[katylied] 29/11/2018 09:47

Who are you trying to convince?...

[dmitribollokov] 29/11/2018 09:37

Who would that be katy? Haven’t seen any evidence of someone using anything other than foresight here...