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vermante

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Post Number: 285
Registered: 11-2002

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Votes: 0


Thursday, May 05, 2005 - 10:45 am:

Ready To Reverse? - Triple Bottom -Risk /Reward attractive

Cheers

Vermante

archer

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Post Number: 626
Registered: 11-2002

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Votes: 0


Friday, May 06, 2005 - 09:57 am:

It needs to build a base after a fall like that
Probably 6-8 weeks like the last 2 bases

vermante

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Post Number: 286
Registered: 11-2002

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Votes: 0


Friday, May 06, 2005 - 11:02 am:

AUO another example of a triple bottom

It appears some times it takes time to build a base , sometimes it does not. Refer Bulkowski for additional identification guide lines .
Market sentiment probably the key. A bit negative at the moment . I have taken a aggressive stance , minimising risk , with a limited position size , looking to add if view point is proved correct.

According to Bulkowski, it is a scarce formation.

Cheers

Vermante

(Message edited by vermante on May 06, 2005)

archer

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Post Number: 629
Registered: 11-2002

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Votes: 0


Friday, May 06, 2005 - 11:17 am:

Well that is aggressive
Keep those stops tight as i think the tax loss selling
could be horrendous in NLX this year
Everyone who has bought this stock in the last 2 years
now has to wear a snorkel and thats a lot of volume

nightstalker

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Post Number: 795
Registered: 04-2004

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Votes: 0


Friday, May 06, 2005 - 06:18 pm:

Presumably the snorkel would be made out of Nylex garden hose....;)

Regards, NightStalker

"The trend is your friend till the bend at the end"

archer

Member

Post Number: 634
Registered: 11-2002

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Votes: 0


Friday, May 06, 2005 - 06:44 pm:

HAHAHAHAH
Seriously though we have a similar scenario as the 2 months
preceding the 2002 tax loss selling
I was well prepared for that and managed to get an entry at
16c on 27-6-02
I have no idea if it plays out but as you can see from the
rally following it will be worth watching very carefully
nlx

archer

Member

Post Number: 707
Registered: 11-2002

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Votes: 0


Tuesday, May 31, 2005 - 05:48 pm:

It appears we need one more wave down to complete the
pattern and 5 waves down
History-repeat

vermante

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Post Number: 329
Registered: 11-2002

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Votes: 0


Wednesday, June 08, 2005 - 05:10 pm:

Break-out with volume

Cheers

Vermante

slick007

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Post Number: 118
Registered: 04-2004

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Votes: 0


Wednesday, June 08, 2005 - 07:18 pm:

Not much action today until the AGM announcements made it to the market... then volume improved and went above 28c for the first time in a while

It then reached 28.5c so I reckon if it gets to 30c tomorrow on improved volume it's gonna go a bit crazy.

I'll be watching...

oldwombat

Member

Post Number: 886
Registered: 04-2004

Rating:
Votes: 1


Thursday, June 09, 2005 - 01:39 am:

Yes my dears, I think you are right to be watching this one.

Cheers
OW

slick007

Member

Post Number: 124
Registered: 04-2004

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Votes: 0


Friday, June 10, 2005 - 04:38 pm:

nice day for NLX - with 29c finally reached after over a month and most importantly to confirm the move up will continue, volume was over 7 million

holding NLX :-)

wjbennet

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Post Number: 52
Registered: 01-2003

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Votes: 0


Saturday, June 11, 2005 - 09:11 am:

Hi All
Most of you could be aware of this but for any who arn't. NLX has an offer out [to existing share holders] to take up extra shares at .27c. This offer closes on the 14-6-05 with the shares to trade in july. I just thought i would mention it as i did not see it in the thread. I hold nlx and have taken up the offer.
regards
wjb

slick007

Member

Post Number: 126
Registered: 04-2004

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Votes: 0


Saturday, June 11, 2005 - 10:50 am:

I'm aware of it and have taken up the offer too but it's effectively too late for anyone to accept the offer now. Acceptance forms must reach registry (Melbourne GPO Box) before 5pm on Tuesday with Monday being a public holiday. I have a feeling that due to this public holiday a lot of people are gonna get caught out and therefore the acceptance forms will not make it in time. Perhaps they'll extend it a couple of days...

magneto

Member

Post Number: 107
Registered: 08-2003

Rating: N/A
Votes: 0


Friday, June 24, 2005 - 09:54 am:

The offer (now closed) and the FY tax loss selling are probably holding this one down to the 0.27ish mark. Once the FY is over, history just might repeat itself!.

Holding and looking to the new FY.

Sincerely,
Mag

magneto

Member