Monto Minerals Share Discussion Threads

[scuba doo] 08/12/2003 20:05

"Scuba Doo, that ex city whizz kid is sharing his Monitor with us ...... must be Christmas?" I hear you ask. Well, you're not far wrong there, on both counts.

1) NET

2) AHT (looking for 50/60p in the next 18 months) - Good old fashioned med/long term play

3) LMC (I'm looking to take up my short position yet again)

4) ITK (Looks interesting)

5) CST

6) BPRG

7) I've just shorted the euro/dollar (just for the hell of it, that's the sort of player I am)


* These are all in addition to the ones in my header, as always dyor.

Please keep all questions sensible and one at a time, I'll do my upmost to get back to you all.

[responsiboloxlad] 27/11/2003 15:27

ahaaaaaa hello there chaps may i draw you attention to a fantastic new thread ive just stumbled across.

it offers guru style investment advice for free and looks extrmeley usefull

epic code is LAD

[danielk] 27/11/2003 09:39

lol scuba it looks like youve picked up a disciple

[bare rupert] 27/11/2003 09:24

scoobydoo2 - 27 Nov'03 - 09:23 - 841 of 841



I do know as fact that it was indeed Fidelity who were the cause of the recent weakness in Medisys share price and have taken advantage with another 100 thousand purchase.

From a TA perspective one can see we have a strong reversal pattern taking shape and with the slightest piece of good news,i am fully expected these will outperformed strongly.

Scoobydoo2
........................................

Scuba, you might want to have words with this chap.

MDY thread.

Go get him!

Rabbit

[sugarbeast] 27/11/2003 08:43

they don't make them like that anymore.

I remember a couple of other ntnocn classics:

have you ever met a nice south african ? and that hedgehog song.

excellent stuff.

[dontknowitall] 27/11/2003 08:19

#I like bouncing, boing, boing, boing#
#Bouncing up and down, till I get a pain in my groin#

(song from Not the Nine O'clock News)

[bare rupert] 27/11/2003 08:10

LOL!

60 posts Scuba.

Well done, no really.

Rabbit

[sugarbeast] 26/11/2003 17:39

here we go again!

I didn't know mrs scuba was blond.

kind regards

[e-mail]

[bare rupert] 26/11/2003 17:31

Has he gone mad?

LOL!

Regards

Benny Hill

[bare rupert] 26/11/2003 17:30

Good grief.

Rabbit

[responsiboloxlad] 26/11/2003 17:07

Ps.

be sure you dont touch anything earthed whilst building the charge such as taps or the sink.

it wont work if you do.

[sugarbeast] 26/11/2003 16:52

LOL!

thanks scuba,thats what I was thinking.


ROFPIMBS!!

[dontknowitall] 26/11/2003 16:51

Excellent!!
roflmao!!

[scuba doo] 26/11/2003 16:19

On TopSpreadBets.com I first advised opening a buy bet on Gold at $377.80 based on the December future on October 8th. I suggested wager was £20 a dollar. The December future closed yesterday but we advised our members to roll the bet over - in affect to bank gains of around $15 (£300) and to open a new bet based on the February Future which now trades at $391.1-$392.5. My stop loss on an end of day basis is $374 and our initial target is $410. We are still advising wagers of £20 a dollar.


The Fundamental View

The dollar had a good couple of days. But it won't last. The economics (notably the trade deficit) dictate that the currency will continue its Southward march in due course. So where does one go for a safe haven? Sterling - with our Government's deficit financing plans - you have to be joking! The Euro, with the Eurozone mired in recession - another non starter. Gold is the safe haven.

And at a physical level there is a clear argument. Central banks are no longer heavy net sellers of the commodity. Hedge funds have some long-term short positions which just have to be unwound. And years of low gold prices means that the industry is suffering from years of under-investment in new production. The trouble is that you cannot bring on new production just by flicking a switch. The supply/demand balance is more favourable than for years.

Moreover gold producers are so bullish (and cash rich) that they are no longer selling forward - they know the price is heading North.



The Technical Approach

Rather like the beginning of last week, gold has started the new week on a weak note. This time it is not just a stop loss hitting exercise that we saw before, there is a decent reason: a dollar rebound. However, while gold remains above $390 and in particular the $385.90 intraday low of last Monday on an end of day close basis, there is little reason for those with buy bets to be concerned. It already appears that just as prior to the push towards $400 the range for the metal was $375-$390, we are now looking at a $390 - $400 range. Just as the metal has rewarded bulls who are not looking for a vertical rise over the past few months, one would expect this type of slow grind higher to continue.

As far as the upside is concerned, the technicals still point to the $410 area and beyond as a near term target, with the October resistance line now actually pointing towards $420.


In terms of the stop loss although it would be possible to suggest an end of day close below the intraday low of last week, one would prefer to keep the an end of day stop loss at $374 given the way that prior to breaking the big $400 level there is likely to be enhanced volatility.


Conclusion

Bet on gold rising using the February contract at $392.5 with a stop loss of $374 on an end of day basis. The target is $410 initially.

Charles Vintcent edits the financial spreadbetting site www.TopSpreadBets.com which advises bets on stocks, commodities and indices using a combination of technical and fundamental analysis. Members are advised of updates to bets via e-mail and if there is a new bet or change of stance also by SMS alert. For more details click here.


UK-Analyst.com is owned by t1ps.com limited which is regulated by the Financial Services Authority. The website and the articles on it are for general guidance only and we cannot assume legal liability for any errors or omissions it might contain. The value of investments can go down as well as up and you may not get back the full amount you invested. To unsubscribe from UK-Analyst.com click here. The past is not necessarily a guide to future performance. The difference between the buy price and the sell price for smaller company shares can be significant. Before investing, readers should seek professional advice from a Financial Services Authority authorised Stockbroker or Financial Adviser.

Some of the shares recommended on this site will be smaller company Shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares.

[scuba doo] 26/11/2003 15:55

I'm short on ideas mate.

Nice picture by the way, anyone we know ?

[sugarbeast] 26/11/2003 15:17

asking 2 questions has clearly confused our man.

if i may interject;never go into next door's flaps,especially if hubby is home.

[dontknowitall] 26/11/2003 11:04

responsiboloxlad

Good morning.

Many thanks for your kind offer of investment advice, which I assume is offered free of charge since your offering this service on a FREE bulletin board.

I have two questions:

The cat knocked the cat food off the shelf during the night and the dogs ate up half of it - around two kilos of cat food. The dogs are looking very fat this morning and are feeling very uncomfortable. I let them out into the field and one emptied a bit and the other was too constipated to do anything.

Question One is: do I buy a gun and shoot the cat or buy a shovel in anticipation of having to clear up the floor tonight?

A little background knowledge. If I leave the cat out at night, it goes through next door's cat flap and raids their kitchen.

Question Two: should I buy next door a gun too so they can shoot the cat?

How does this relate to investment advice? I can't afford to buy cat food.

[responsiboloxlad] 26/11/2003 10:37

Good morning gentlemen.

I am feeling very intelligent today and feel that today i am in a good position to asist my fellow investors with my fantastic investment advice.

So if you or any of your friends have any questions and are in need of sound investment advice then feel free to ask.

Both myself and my mum are in all day today so you get to benefit from her advice as well!

She has a very good eye for shrewd investments and has done amazingly out of tescos shares.

I await you questions with baited breath!

Regards:
OMB