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Market Open thread for General Trading and Plans for Monday, October 04, 2021

Market Open thread for General Trading and Plans for Monday, October 04, 2021

BuiltDifferant

Anyone else have dreams of becomming a multi millionaire off their dog stocks? I do. Think id buy a plane. A nice 4wd A palace. Big commercial building.


imapassenger1

Lambo the only reason most of us are dabbling...


manofrhepeople

😂 we have to live in hope. Another red day at our feet


kangaroute

Yeah, bigger caravan and maybe a vehicle to pull it


I_P_L

I don't even need to, just need to imagine if I didn't sell early


BuiltDifferant

Ahh yes. I would of made more from holding VUL and APT.


In_dreams_I_fly

Beach house. Lots of glass windows looking over sea.


BuiltDifferant

Thought you gonna say lots of wine glasses lol.


In_dreams_I_fly

There'll be a well stocked gin bar on the deck Edit: spelling


faisalturk

What gives you this imagination? My late ANL thoughts make me day dream that lol


In_dreams_I_fly

IVZ. Chance of them striking paydirt (or paygas) and all the pieces coming together beautifully is teeny tiny but I like to sometimes look at the Recon Energy SP chart and fantasise.


Moxanz2

Anyone concerned about IVZ. Their annual report to shareholders makes it sound like they’re going to look at some other assets to explore. So have they given up on the current project? Are they not as optimistic anymore? What happened to the PSA?


Yumeko_Jabami_1

Obtaining another asset would be quite a positive move for the company, imo. But I have been through historical presentations and it appears the PSA has been promised for some time and I will be concerned if it is not signed when the updated seismic is completed.


poimnas

>so have they given up on the current project. I have a few concerns about IVZ, but that isn’t one of them.


In_dreams_I_fly

Concern number one: *there is no gas*


poimnas

Honestly, that’s probably like #2 or #3 right now.


TomSawyerSauce

Lack of PSA and potential cap raise being the others?


poimnas

That’s one more. Also whether they’ll actually drill this side of Christmas next year.


In_dreams_I_fly

Interesting I haven't been too concerned about substantial delays to drilling (well, wouldn't surprise me if doesn't kick off until May/June rather than April, TIA). What drives your concern there?


poimnas

May/June is probably my best case at this point really. 2023 is really worst case scenario (other than not at all). Based on lack of funding/ how long seismic has taken to get rolling / my general experience with drilling ops.


In_dreams_I_fly

They are busy doing seismic now to determine drill locations. They have a drill contractor selected. It doesn’t appear they have given up. Unsigned PSA an increasing concern however not a huge red flag (yet). They have previously discussed expanding exploration areas, this is continuation of these discussions.


GlitteringFunction5

Down another 6.2% today. Sigh. I'm paralysed by indecision on what to do with FYI. I've got the thoughts of "surely it can't drop much further before the recovery starts" and "well, I planned to hold it if the JV went through for a year" and "remember glitter you did think it might go down a bit even if the JV went through, but you were going to be patient for the recovery". And yeah all that is true, but if the deal is so fucked that it warrants this reaction, then wtf am I doing holding. Gah. I hate this. I'm starting to lose my optimism for this, it took me SO long to break even, and I managed to hold that for a couple of days before losing over 20% of my portfolio in less than a week. Anyway, I don't want to be a buzz kill and bring everyone down. I feel pretty sorry for myself and on a macro level things look like they're going to continue to be fucked for a while. I'm tempted to go for a permaban, I dont feel like I belong here anymore. I hope you have all had a better day than me and gotten lots of gains 🤑 And those of you enjoying public holidays have had a nice day off 🙏


Yumeko_Jabami_1

This is such a devastating setback. I’m so sorry to hear. I have only had cursory look as I do not hold FYI but that deal does look quite disappointing. I have been away for long weekend so haven’t been able to have a proper look to determine a fair share price based on the reduced value as a result of this agreement. Do you have a watch list that may have a stock that would be a better investment than FYI to recover your lost funds? Please remember that keeping your glitter equally important as keeping your money. ✨💖


GlitteringFunction5

Thank you my friend, you are so right. I need to not lose my sparkle with my money. I've had a great big glass of wine so am feeling a little better. How did you go today? I hope you have had lots of green ❤️


Yumeko_Jabami_1

Not a great day on the market, but my partner surprised me with a beautiful long weekend at springbrook, and on grand final weekend!


GlitteringFunction5

Awww that's lovely!! I hope you had a gorgeous weekend away 🙏 and that tomorrow is a better day on the market for you ❤️


Shawzus

In the end it doesn’t matter how much you think a company is good, or it should be worth more etc The market always gets the final say and price action doesn’t lie


GlitteringFunction5

Thanks 🙏 Good luck out there!


rsoule878

Understand. Now look in the mirror. You will do better. You belong in this madhouse and get a few opinions on your next stonk before you jump in. Everyone here has a dog in the closest. You just have a big dog. I had a 94% loss on 2017 IO drop and still bagholding. Called BCI. Still alive and still stupid because I brought some more of them.. Almost breakeven now. It will get better and you will do it. Hang around your needed.


GlitteringFunction5

Thank you my friend 🙏 You're very kind. Ouch a 94% loss would be devastating. Damn impressive that you are close to breakeven on it. Well done!! I'm having a glass of wine so feel a bit more balanced.


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GlitteringFunction5

Thank you, you kind soul. I really hope I will hang around and not get myself permabanned, because the people here are an unexpected family, a surprise delight, and just from the replies to my sad comment you can see what beautiful people we find here ❤️ I hope you have been having better luck than me lately my friend 🙏


kangaroute

No you belong here, your loss shows you/we are alike. don’t do a ban. We need your nice balance


GlitteringFunction5

Awww thanks Kanga ❤️ I've had a very large glass of wine and I'm feeling a bit better.


Rude_Jello_377

I’m sorry mate, it’s a tough time for anyone to watch their stock drop that fast. I hope things turn around for you.


GlitteringFunction5

Thank you Jello 🙏 It really sucks to see something plummet like that hey. I hope you've had a green day 🤑


Mr_X2017

Feel for you. Honestly I could see it getting down to around $100m MC but the biggest thing for me is the timeline has been stretched so far your money in it might be dead for years. But what do I know…could bounce. Any holding notices tomorrow should be interesting.


GlitteringFunction5

Thanks X2017 ❤️ Yeah I am conflicted about holding and thinking it'll bounce back and show nice gains after a couple of years, or whether I'm just tying up my capital in a place when it could be working better for me somewhere else. Indecision!


In_dreams_I_fly

The volatility in the last few weeks is pretty tiring. I’m unsure about FYI, but for most of my stocks I’m just trying to keep zen and remember market is a bit choppy right now, the drops now don’t mean the stock is dead. 🤞🏻 it starts to smooth out in November.


GlitteringFunction5

Thanks heaps friend 🙏 I hope you have some better luck ahead of you, and that I am joining you too!


Massive_Button9434

That's nasty - FYI down 50% in the last 2 days would hurt anyone. You're always pretty positive for everyone else, so returning the favour....we all understand that paralysis, it hits us all at some point (unless you have stop losses in place). I don't know a thing about FYI - so can't comment about that - just that work out what is right for you, keep plugging away, I'm sure your winners will come at some point. Take some solace and enjoy some of my complete and utter failures from the past 6 months : Locked in losses in the last 6mths: 70% loss on MSB 60% loss on DOU 60% loss on CPH 50% loss on PPY Paper handing losses currently: INF @ 52% MEM @ 47% ​ Enjoy the laugh at my expense - I'm good for it 😊


GlitteringFunction5

Awww thanks so much Button, you're a gem ❤️ Ouch some of your losses over the past 6 months have been brutal. I hope you have some nice gains to counter those. Hopefully things turn around for us soon!


In_dreams_I_fly

I hope you also have some pretty tasty coward gains (or even actual gains) to offset the -70% ouchies?


Massive_Button9434

haha yeah - I'm ok.And I learnt a lot ! 4 of 6 of those were just fomo's following the sheep - literally 0 DD ! No more of that ! And what price do you put on entertainment for the masses ? "Priceless"


In_dreams_I_fly

When you grow up hearing "if your friends jumped off a bridge would you?" but then you join ASX\_Bets....


Bendydick-cumonback

you should treat yourself tonight. Maybe tacos or a philly cheese steak. I want you fresh and up early ready to go tomorrow 0955 sharp stranger.


GlitteringFunction5

Awww you're a sweetheart. Thank you. I just ordered some dominos and have had a VERY large glass of wine, so I'm feeling a little better.


Dude_Chucks

AFR headline “ASX jumps 1.3%…”, my portfolio down 2.77%. The earth is healing


bmclaren2014

Portfolio down 6% thanks to NVX


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scyllallycs

I'm thinking either a confimed hourly uptrend or a confirmed daily uptrend


bootros44

It’s not a very active company, you’ll be bagholding until it starts production.


mo2704

Of course it will eventually find a bottom and form a recovery.


blandwhiteguy

steady growth throughout the day today. Feel sorry for the FYI stockholders, absolutely brutal.


Rude_Jello_377

I’ve got stocks that have shit the bed (and eventually gone past 50% loss) but 50% in 2 days is gut wrenching.


BuiltDifferant

Massive rug pull.


TheCowardMcCall

MAY - I'm so close to paperhanding this one. I'm up 45% but that's because of the low concentration oil they found at shallow depths that has caused the rise recently. That doesn't translate to a guaranteed wealth of oil at lower depths. This is basically my usual comment to talk myself down from paper handing it. Anyone holding? Seeing it through till they finish drilling? Or sold while it's up?


rsoule878

I hold. I see it as a bags or bust, nothing in between. Trick to this one is they have three drill targets on the go. If you work on this scenario set a stop loss above your buy in and you should be sweet whatever the outcome. The other good news is if it totally tanks in Cuba and you are bagholding it still has a few more drills site booked in the Timor sea and game is on again. If you are smart and patient I don't see a problem with holding.


NoDuffTrading

Relax mate it’ll go good. I find it so funny when people panic that their stock is going up.


blandwhiteguy

Depending on how much you have in it I would consider selling half around the +50-100% mark to bank some profits, but that’s just my own paper hands talking. Depends on how much your portfolio can handle a downturn if the worst eventuates at lower depths.


donkeyswan44

I only bought in about a month ago after reading someone DD on here. Oil prices are up, could be huge but I've probably jinxed it now. I'm holding tight


Massive_Button9434

I'm a little conflicted today. I'm in the red like everyone else, but of the few that were green, the top mover was WEB. So here i sit, day after day, in officially the worlds most locked down city and yet WEB is closing in on bagging for me. Can't leave my 10km bubble - my travel stock has doubled.


vermillion_fire

The market anticipating an increase in value as lockdowns are reduced ?


BuiltDifferant

Just because you cant leave your district doesnt mean you cant book flights that you cant take


Massive_Button9434

That is true - and sentiment that belongs in here touché


BuiltDifferant

Yeah every now and then travel stocks get a scomo pump. Patience is great.


Dark_Raiden_

Downvote if red today. Reply if green.


MvTWO__

Pursuit minerals my ass, Pursuit to make me hold bags those fucks..


woodenlife

3.65% today ☢️🤙


Calculated-Punt

Up a cool $9,283 today thanks to LPD and the uranium portfolio ☢☢🍻


Hypertrollz

LOT saved my Speccy portfolio today.


Comfortable_Fox1

That’s a LOT of green


wallyone123

CBA gang


Sufficient_Guess2732

Uranium gang


fishstickisepic

2% green for me, NWE and IXR up one pip


str0nem

radioactive green


BuiltDifferant

Im always green baby. CXO WPL S32


wallyone123

WPL also


BuiltDifferant

Shes looking sexy. Can see oil slowly getting up to $80 US a barrel.


Mysterious-Ball-6640

Green bebe 🔋🔋🔋


Butter-Brain

☢ ☢ ☢


InterestingShow1112

The day started really green and ended red - only +2% to finish -1.7%. Days like this I wish I traded vs hold but also a dip on paper is better than a real loss, I think


Crivshotgg

My whole watch list and portfolio started very green. Oh well the day could have been worse.


-DannyDorito-

Well today hasn’t been fun


rsoule878

Just saying oil and gas can be green. I'd be red if not for them.


BuiltDifferant

Gotta love global warming.


WolfofAnarchy

IBG literally just keeps going up 🚀🚀🚀


Baked_Potato22

PSCs finance partners are looking towards the 2.4mtpa full production option nice


kiwikansas

Yeah, but is just dogshitting around the mid to low 40s. I really thought it was on the other day when someone smashed about a mill in one hit at around 46 (or was it 46.5 whatever). I thought 50c was on. OFS and finance please, then many tendies or another Mugabe turns up and we are then well fucked.


Baked_Potato22

Once we get fid I'm expecting a nice re rate


Mr_X2017

🚀🚀🚀


Ryzi1234

Love what Red 5 is doing, very exciting year ahead.


Dangerman1967

PAK with a 24% green day. I’m guessing they’ve given up on mining and are using their equipment for subdivisions. Any better guesses on a dog stock with no announcement?


InterestingShow1112

It seems to do to this every few months. They are doing a raise at .016 right now and are getting focused on their core US projects but also have a heap of coal sitting in the ground waiting for the right time to do something with and coal keeps going up. One of those sleepers that I'm just holding and waiting on


Dangerman1967

Did u read their last announcement. They’ve staked claims in old gold areas hoping modern technology can get what was left behind. And posted pictures of the access roads being in okay condition. It was nearly comical. But I’m holding anyway. Sure as hell I fuck it off and it blasts. I’d rather lose the lot than sell.


InterestingShow1112

It has worked for others, esp when they pick up other minerals vs just the gold others were focused on in the past. It's one I didn't YOLO into, but was a speccy low MC that maybe has potential, just wait it out. I'm not selling either but picking up a few more on offer as that 0.016 looks decent right now.


Dangerman1967

Yeah. And coz not many mention it here hopefully were in the told-you-so club eventually!


InterestingShow1112

Check out CDT :D if you like your speccie miners


Dangerman1967

Will do. Right now. I’ve been lurking and watching for a few months but have cash ready to gamble. I’ve had way more hits than misses off this sub (WBT, BRN, CRO, GLN). And I’ve been in gambling counselling before with a chronic habit. So will def have a look.


wheresmysandwichmum

Why is LKE dipping?


AussieVikingr

Because it hasn't done anything but raise capital and make fancy graphics about what they will do. Give it time young padawan


ectoplasmicz

Why not?


wheresmysandwichmum

Why not not?


ectoplasmicz

🎵The circle of liiife🎵


Financial_Will_3294

Why not not not ?


wheresmysandwichmum

why not not not not? :(


shitredditsays01

Who needs official price sensitive announcements when the fine folk over at hotcrapper manipulate users and post things such as "cap raise" incoming https://i.imgur.com/c8PZjCa.png Didn't ASIC or whatever governing body say they would go after this sort of thing?


Church_of_FootStool

So you’re complaining about the only person that says something potentially bad about a stock at hot copper. You belong there.


Rude_Jello_377

No


Josho-

Ban bet battle update u/rude_jello_377 Red vs Green is 1-1 for the month of October.


Rude_Jello_377

You’re not even gonna wait for Barry?


Josho-

But what I will wait for is Evergrande to turn things red🔻😏 Pending announcement..... https://www.google.com/amp/s/amp.abc.net.au/article/100511914


Rude_Jello_377

Getting big “no, but he can” vibes from Thor Ragnarok


Josho-

Nah no point in waiting, greens are a clear winner for today


BigJimBeef

Glad I didn't get NVX at 5.70


Crivshotgg

Even though I sold PUR for a loss... fuck I'm glad I sold when I did at 0.063


tsaund1974

Yeh mate wish Id done the same. Fortunately the parcel I have left was bought at 0.034, unfortunately its down near there 😥


Crivshotgg

I bought at like 0.082 if that makes you feel any better


tsaund1974

It doesn’t but thanks. I also bought at 7.4 and 6.1 but sold those for a small loss.


BigJimBeef

Big fucking sells on RLT at $2 Like 100k worth if my eyeballing is right


maybethough

Today?


BigJimBeef

Yeah


maybethough

On the book or actually went through? I don't see them there now or in the trade history on nabtrade Wondering what I missed but wasn't watching closely today


BigJimBeef

I'm pretty sure there were over 100k shares as a buy wall, much less now. So went through


maybethough

Huh, interesting. Maybe on the chi-x and I'm not seeing those trades or something. I only see about 37k go through at 2.00 over 40 minutes/10 trades.


BigJimBeef

I only eyeballed it. Could be wrong


kiwikansas

Yeah. Eye watering. Helium reserves please SM


BigJimBeef

I thought we were sitting on fucking heaps of the stuff


kiwikansas

Yeah. Me too. I hope so because SM has fucking pre sold most of it lol. I think it will be ok. I watched the Oil and gas conf a while back and Nick Mitchell literally said the helium numbers were “big”. Asx taking 6-8 weeks to process announcements is what I have heard (might be BS), but either way… waiting….


BigJimBeef

The long game


kiwikansas

Worth noting it held today in a fucking bloodbath. I will take even on a day like today! That’s a win in my book


gunit1987

Anyone catching the AL3 knife??


-DannyDorito-

Nah I sold out recently, I still think it’s going a bit further down


Shawzus

Holy fuck FYI. The market did not like that deal


sulmar

Oh my... That guy who is balls deep in FYI musta lost another 200k today.


Mr_X2017

Bit of a tree shake.


BuiltDifferant

Bit of a cyclone.


Shawzus

There will be a few new “long term investors” now


PrideJoos

>FYI Woweeeeeee


BigJimBeef

Dam hard not to buy some NVX right now


BigJimBeef

NVX bounces...


Rude_Jello_377

Not yet


BigJimBeef

It did 5.650 to 5.740


Rude_Jello_377

Yep but give the size of the drop I wouldn’t call a bounce without a lot more volume


BigJimBeef

Yeah for sure, 100 percent.


Big_Package2650

It's gonna bounce 100%!? Shut up and take my money!


kangaroute

Ok. Who else thought the market was closed till tuesday? I looked in on here around midday and saw chat about market trading, then realised it said “Market open Monday” so wow, what a good morning I had. Until I looked at commsec.so wow, what a depressing afternoon. LOL.


YouHeardTheMonkey

ASX only closes for national holidays.


Rude_Jello_377

Who else wished it was closed until Tuesday


WadoBJJ87

I was promised a green day …. 😭😭😭


jayhy95

Forgot I had NVX buy order at 5.65..


shitredditsays01

You timed the dip perfectly!


PrideJoos

"Evergrande Property Services said its stock trading was temporarily suspended pending the release of an announcement that constitutes an inside information and a possible general offer for the share of the company” - exchange filing


locri

Which has nothing to do with asx_bets because they don't list here and Australians aren't allowed to invest in Chinese companies without middle men involved so.... Yeah... It did effect the price of iron, but that happened months ago


poimnas

Yeah. Good thing the ASX exists in a bubble where things that move global markets have zero impact.


BigJimBeef

Which of you cheeky sods has a sell order in on ANP at $1.990? 100,000 shares as well. Whoes going for the quick 10 bagger.


infntie

I feel like a fool - called the uranium bounce over the weekend but this flaccid performance is unacceptable


BigJimBeef

Get some viagra into it.


infntie

Needs a spanking


BigJimBeef

If that does it for you


Sufficient_Guess2732

I'm so sick of flight Centre going up, it's due for a correction


AussieVikingr

Hush your heathen mouths... onwards and upwards back to its precovid SP 🚀🚀🚀 At least that's what the autist in me is saying 😉 I bought 19.84 when scomo made his announcement via his chat with the bristish pm


Sufficient_Guess2732

I'm happy your winning mate, but they did dilute in April 2020 hitting the precovid SP isn't likely anytime soon.


AussieVikingr

didnt see the market dilution. thanks for the heads up (i will revise my exit plan)


Sufficient_Guess2732

👍


Vegetable_Spend576

Thinking the same for CTD


WowVeryJosh

Where's the MAY oil crew. It's up nearly 50% in a week Also shout-out to whichever hero bought $4.5k of PUROA. I've never seen a more retarded bet. Options expiring at the end of the month.


Asxpuntingmuppet

May muppet checking in sir!! Up 51% and thinking of selling my XST and ROG dogstonks to average up … thoughts ?


TheCowardMcCall

Yeah I'm up 45% on MAY and I'm so close to paperhanding it. It's only up because of the low concentration oil they found at shallow depths which sometimes indicates a wealth of oil at lower depths............... sometimes. I dunno what to do.


rsoule878

Yes mate very nice climb but it could go either way.. Next news will be interesting if they hit/miss the mid layer target. Money seems to be on a hit. OIL and GAS both making upward moves. Keeping me a green dashboard.


NoDuffTrading

MAY will be 20c this time next year, source- my hopes


TheCowardMcCall

And your hopes have never been wrong before right?...................RIGHT?


NoDuffTrading

Yeh… sure


TheCowardMcCall

Woo-hoo!!! 10 bagger for me!!!


DrizzyDradle

PEN, why can’t you be more like your brother LOT?


Dangerman1967

What, and fucking yo yo like a mofo. LOT has gone from 14c to 32c to 24c in about 6 weeks. It’s a fucking insane ride. Hope it keeps fucking going again.


shitredditsays01

all uranium stocks had a similar trajectory, crazy sector if you have the balls to go in


Dangerman1967

I’m 1/3 committed to LOT. Since under 10c. I’m not complaining but it entirely dictates if my day is red or green with these 7-10% swings.


CoalRenewables

Some logic behind the NVX dumpster fire today - the Phillips66 shares hit the market on Friday, with the announcements saying that coming late in the day We all knew the shares were coming, so it was hardly “new” news, but with an extra 15% shares on the market, the SP theoretically has to drop 15% to keep the MC the same. And viola here we are. Seems a bit silly considering that we have known these Phillips66 shares were coming for a while, but that’s the finance 101 explanation


wheresmysandwichmum

Since you have a crystal ball of saurumon, what upcoming announcments are coming for NVX that will jumpstart the SP again?


CoalRenewables

A NASDAQ listing will do a little bit, staying on the finance 101 topic this would drop the WACC for NVX and therefore increase its future cash flows, but I think it’s probably only worth a few percent in SP. It'll probably fly off the open and then drop back. The next thing NVX needs is to announce they’ve got a binding off take with Samsung/Sanyo/anyone. Getting Phillips66 on board was critical for them to secure a critical part of their supply chain, and they’ve said they’re going to build these factories capable of 20,000tpa (I think that’s the tonnage). We just need to know who’s buying all these tonnes, because currently they only make a few thousand tonnes a year for marketing/testing by potential buyers. Get a contract signed and the SP will respond better then all announcements we’ve seen so far


woodenlife

Zoom out on all your Uranium pennies, cast your eyes back to the last bull run and realise this is just the beginning. ☢️☢️


Calculated-Punt

There is a lot to unfold yet for uranium equities, the ETFs, the utilities and the spot traders. Will be an exciting few years 😀


woodenlife

Did you see the [Rolls Royce announcement](https://www.msn.com/en-gb/money/other/rolls-royce-set-for-huge-nuclear-power-payday-in-eastern-europe/ar-AAP4Wrc) over the weekend regarding securing £210m for small form nuclear reactors?


shitredditsays01

Years? I'm hoping for another exciting month


Calculated-Punt

Well years if you can hold on for the ride. I reckon end of October going into November will be good also for a Ugang run


JetskiPatek

At what price does one back the truck up to FMG?


poimnas

For real people need to stop trying to pick the bottom. $220/tonne IO (and $25 FMG) is unlikely to come roaring back overnight, so wait until the storm clouds clear from the horizon rather than targeting a specific price. You may end up buying at $16 in 6-18 months instead of $14.50. But that’s better than buying at $14.50 now and seeing it drop below $10.


slicker_slide

See the excellent write up by u/Nevelo. The truck is backed up at 1 fiddy.


The_Walrus351

Thanks for the link 👍


slicker_slide

Truly there are some very wise souls aboard this shit show, Mr u/tacomaster being another wise owl to follow.


BigJimBeef

1.50???? Really?


JetskiPatek

Article says 13 fiddy which seems about right!


BigJimBeef

That makes more sense. $1.50 is very low


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BigJimBeef

I think if I could go back to March 2020 what I'd do for spare cash... I mean if a kidney is worth 25k and you threw that at VUL you'd be up a bit


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