Circle Property Share Discussion Threads

[pinhead3] 13/3/2006 12:13

Well it looks like we've cleared out the T traders & the sellers, only 1 trade so far today (4K to sell).
Price has stabilised & looks like a good time to top up.

[pinhead3] 12/3/2006 00:00

A good link with lots of info if a bit old, pre Kinsenda news.

[Abuse team] 11/3/2006 11:45

Post removed by ADVFN

[pinhead3] 11/3/2006 11:08

Johnwall
CRC is a medium to long term hold, big news due in May & Dec this year & by the end next year could drive the share price to £3.50+.
I'm a huge believer in CRC & now have £10K, looking to increase my holding at these levels assuming some of my other investments go well during March (particuarly WGP, RPT & VOG).

Re VOG
I bought in originally at 41p last Aug & traded in & out until holding from an average of £1.05, still kick myself for not holding from 41p but very happy to be holding waiting for the 104 & 106 news.

The last 12 months have been a good learning experience for me having seen both siides of the market being a holder of LGB, RPT & VOG. I just hope CRC realises it's potential & becomes a 'VOG' rather than a 'RPT' & definitely not a 'LGB'!

[johnwall] 10/3/2006 21:03

wassapper - very interesting to hear your thoughts about trading. I've only been full-time at this game for about three years and the issue i struggle most with is that of short(ish)-term trading versus long(ish)-term investing.

Until recently I tended to 'top-slice' in a major way whenever something went up more and/or faster I expected. After selling out of VOG completely at 150p, however, I decided I should hold onto shares where I thought the long-term story was still intact, even if they went above what I thought was 'fair value' at the time. So I held onto CRC, ACU, UEN, etc. at their recent highs, even tho' I thought they had risen 'too fast'. Now I wish I hadn't! Oh well - all part of life's rich pageant I suppose. Maybe after another three years I'll have it sussed!

[papillon] 10/3/2006 20:35

Bought a few more today. Seem cheap.

[johnwall] 10/3/2006 08:19

wassapper - thanks for your reply.

[hyper al] 10/3/2006 08:15

wassapper

Hope you are keeping well.

Just seen your comments about how you trade.

Think I may try your method, seems to make a lot of sense.

[wassapper] 10/3/2006 08:09

johnwall - decision based upon the overbought situation; market sentiment; the general pattern for this share; time to project start.

I will buy some back soon, but not yet. I hate March selling as tax year end approaches. It seems to be the norm.

However, I believe we will see some news regarding stockpile production within a relatively short timeframe - weeks? I did not sell all.

[pinhead3] 09/3/2006 19:56

Topped up today, looked like the bottom had been reached so I took the blunge.
CRC is a hold for me at least until the end of the year when the Hanoba-an bankable schedule comes in.

Depending on how other investments peform will look to buy more between now & end May.

[drewz] 09/3/2006 14:53

Well we had an 'overbought' position in the stock after a strong series of gains in the 5 days following the 22 Feb announcement, coinciding with a sharp reversal in copper futures, so it was not surprising there would be a sharpish retracement.

However, as is so often the case, the price gyrations have taken it down too far into 'oversold' territory', certainly when any objective value is put on the fundamentals underpinning the stock.

Notwithstanding the fact that CRC is still months from production and copper prices have temporarily come off, 27 month copper futures are still at double the prices assumed in calculating NPV, and the supply/demand outlook suggests those copper futures will be going back up pretty smartly soon enough.

Time to top up with CRC stock.

[johnwall] 09/3/2006 10:09

wassapper

Good call on taking some profits over the past week - wish I'd been as smart! Hope you don't mind me asking, but what were the key factors in arriving at that decision? Was it led by the recent dip in the Cu price or is it your view that 'pre-production' plays of this type are always subject to big share price swings and it's therefore best to trade part of your holding when they have a significant and very rapid rise?

Obviously none of my business so please tell me to *@@~## off if you don't want to answer!

[mad4it] 09/3/2006 10:05

Agreed. It could still go either way. I've bought a few at 65.5p, it's very oversold technically. I'm still also holding a small amount from the earlier rise at 74p, I only bought a small amount at 74p because, as I said, I was never convinced the rise would hold. EDIT: Though I never expected the price would retrace quite this far, I expected the price to find support around 69/70p.

[e-boffin] 09/3/2006 10:01

It would seem that we have a nice bounce. Rather sooner than I expected. However, if you look at L2, WINS are on 67 bid and everyone else is on 63. That is quite unusual for them to be so adrift from the rest of the pack. They could have a big buyer or they are playing games. Take your pick.

[mad4it] 09/3/2006 10:01

Back in this morning for a few.

[pinhead3] 08/3/2006 22:11

Still too early for me to top up, waiting for the price to stabilise.
I expect CRC to be well north of £1 by the end of May when the Haib METS survey comes in.

[stakeadder] 08/3/2006 18:29

Guys...Dont forget that big buyer at 87p-ish.

This stock had risen too far too fast. Gaps HAVE to be filled its a simple as that.

If it can go down a long way in a short space of time, then it can certainly GO UP a long way too....

This si no more than a general mining sell-off.

[addas99] 08/3/2006 17:40

BBJL..stick with the main mkt then if you can't handle AIM mkt tendencies.

[bigbigdave] 08/3/2006 17:28

Robert

Don't get bitter
Rough with the smooth and all that.
Will be higher in 6 months time
Money doesn't grow on trees

bbd

[addas99] 08/3/2006 17:06

Perhaps just a general sell off too? AIM market risen every week this year, 9 out of 9, due a fall back (it's been around March 15th for two years running now!) plus of course metal prices retracement.
No half pence movements with this share, when it goes it goes so see-saw reactions look a likely occurrence.