West. Coal Share Discussion Threads

[mcmather] 08/11/2010 17:09

C$8 looming. Results due before Thursday opening.

[mcmather] 08/11/2010 15:31

"RS2OOO - 7 Nov'10 - 20:18 - 881 of 882
My system is still long on all time frames".

Cheers RS2000. Still looking lively here.

[waggle] 08/11/2010 08:06

exit level(s) RS2000??

eeny are you still content with your previous targets, or are you reviewing?

[rs2ooo] 07/11/2010 20:18

Just to update....

My system is still long on all time frames.

[waggle] 05/11/2010 22:26

QS, get a life and drive your own calculator!!! 7.68/1.618=4.75, NOT 5.00

[qs9] 05/11/2010 21:45

Am I right that this is near £5 when looking at the Canadian price at mo?

[qs9] 05/11/2010 21:43

wow and wow again, looks uber good for next week...

[lasata] 05/11/2010 16:38

$10 next? Need an Eeny update.........

[waggle] 05/11/2010 15:59

has the "nose-bleed" moment arrived??....

[fidra] 04/11/2010 09:25

I bought in the other day at 6.84 having sold at 6.60 odd.So did not get my reentry point cheaper than I sold although I had the chance.

My view fwiw is that the toronto market is the main market at present,therefore as there is no gap, we may not have one to fill over there.

we appear to be treading water a bit at the moment after a good run.Not much volumne the last few days.I am probably looking to buy more,and am awaiting for the announcemnet of the london ftse 350 listing which cannot be far off.

Thanks to the above contributers for their thoughts.

[eenyweeny] 03/11/2010 16:57

Good afternoon folks.

In response to waggle, the chart that pokerbrat has posted shows the gap that I want to see successfully filled.(thanks pb)
I get the feeling that many of us are awaiting the same action but none of us are willing to make any effort to achieve it lol. I also see that there does not appear to be any such gap on the corresponding Toronto chart so I may be pointing a feeble jet of water over the wrong side of my boat whilst awaiting London to complete my preferred pattern?

Also of course the whole world (ok, just the AngloSaxon world) is awaiting Bernanke and FED announcement in just over an hour. This will be the market mover news of the week.

It's nice and cozy in this wee thread, just the right collection of quick in-out traders, swingers and long term hold traders.

See you later.
55977

[waggle] 03/11/2010 13:05

so eeny have we filled the gap?

[waggle] 27/10/2010 10:13

eeny thank you for such a comprehensive answer.
let us hope indded that the recent volatility declines and that there is consolidation/gap filling at the levels you suggest.

[eenyweeny] 26/10/2010 23:34

Wagg,

This is purely my own viewpoint based purely on my TA and NOT a recommendation of any kind!

1. I see a price gap formed on the open on Thursday 21 Oct. I do NOT trust gaps on this chart!
2. I also see price has hit one of my upside Fib targets that is also a double top with April highs.
3. I also see the overhead downward sloping trendline resistence from all time high of 23 June 2008 running to high of April 2010 and extended forward. Price has broken above this t/l and now appears to have come back down to test it from above for possible support. This is the current battle!
4. I also have today as being a Fib cycle date. This can mean end of current run but is not that strong a signal with regards to WTN London chart.

Possible outcomes;
A break through upper resistence WITH increased volume would take us on toward 518p quickly but would leave that gap unfilled.
A drop back would allow price to fill that pesky gap at 398p. This would be wonderful. Then upward again with increasing volume to 518p.

The gap fill process would be my preferred outcome. If this process would be so kind as to take about five days, nice slow drop days, price candles will also then combine with a new upward supporting t/l created on 25 Aug 2010. Such a pattern is pure TA dream material! This would provide strong TA support for climb higher.

BEWARE... I also see potential for previous long holders to start exiting and taking profits from here UNLESS we get some news from WTN regarding future production expansion and sales. Such positive news would simply add momentum to the upside.

My own preferred TOP where I would exit totally is 609p. However I retain the right to reevaluate at such time in the future depending on the TA at that time.

All of this can go straight in the bin should the bigger markets suffer some big overall sell off. Low risk I think but always possible. Get your STOPS in place maybe?

Over to you...
55444

[waggle] 26/10/2010 20:17

ok eeeny where next...!!!???

[kombimatec] 25/10/2010 18:40

What is the threshold for entering the FTSE100 & FTSE250?

It might be, on joining the main listing, it will go straight into the FTSE100. That would be a massive boost as all the tracker funds will have to buy.

[peterblok] 22/10/2010 17:49

Me too Waggle - play golf five times a week and trust the company to pay for my playing losses!

[waggle] 21/10/2010 19:46

which is why i play safe and stay in,,,,,!!!

[fidra] 21/10/2010 15:38

Think you could be correct(again)

Kicking myself for playing golf yesterday when I should have been in and buying back .Was being a bit greedy thought I might get $5.60/70

[eenyweeny] 21/10/2010 15:22

I too can see that overhead declining resistence trendline. It is very close now.
I have my Fib resistence at 422p and then the t/l at 430p.
The current momentum behind the price rises will take us above this resistence zone in my opinion. Price would likely fall back to test the new supports... and then... either we're off to nosebleed territory or support fails and back to 330p levels.
Of these two possibilities I would go for the upside outcome based on the the power of the momentum of last few days.

[mcmather] 21/10/2010 15:18

Who knows lasata. Hope your right re 500's.

Good calling eeny. A career in bingo beckons when you retire!

[lasata] 21/10/2010 14:49

Downtrendline from 2008 about to be broken - then we could move swiftly to the 500's

Anyone smell a bid coming here???????????

[qs9] 21/10/2010 06:29

Great thanks, your post tempted me back in at just under £3.70 so yeeha! Hopefully this signals some decent buying ahead of main listing.