Archive through 23 January, 2004

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susieq

Member

Post Number: 199
Registered: 12-2002

Rating: N/A
Votes: 0


Friday, January 16, 2004 - 04:12 pm:

CC

You make like to consider FEA, BPC, and UEC( not a lot of volume yet) for sails next week.

Have a great weekend all. Perfect weather here in Melbourne, but not for gold or silver sails unfortunately.

Cheers

SusieQ

wadda

Member

Post Number: 251
Registered: 10-2002

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Votes: 0


Friday, January 16, 2004 - 04:30 pm:

Aye aye Captn and crew,

I thought the Doctor may be with us this afternoon but not to be. You can just feel the whole market wants to leap ahead but the bighead landlubbers are holding the breeze at bay - not that we're allowed any feelings in our trading of course!

Is the Incredulous still holding VRE (I am) as it came back somewhat today?

Ah yes Julles...someone mentioned just then about RED's resource upgrade (I would never look myself of course)which explains why RED came back a little late in the day.

Ah well tis the weekend and Julles has promised to make us Bl*#dy Marys for Sundowners this evening!

I'm off to Bribie Island to taste some real salt air tomorrow if I don't get washed overboard by the current drenching happening.

Glasses raised all,

AB Waddsie

"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein

captain_chaza

Member

Post Number: 674
Registered: 02-2003

Rating: N/A
Votes: 0


Friday, January 16, 2004 - 05:36 pm:

Ahoy Officer Scalpie
Great to see you on deck after meeting you at our great night at the Captains table
You are a truly brave officer and pirate sailing the JRV
Have you checked where the decimal point is?
I have bad memories but times are a changing and maybe the Captain should survey her charts again and catch up

She must have something going for her when an officer of your calibre raises her sail?

Avagoodweekend all
We couldh've donew'll
but we didn't

Ahoy Entertainment Officer SusieQ and cheer leader on the spectator fleet
The Captain hesitated on the FEA and the APL this week
Nicola called into my cabin and I had them penciled in

When things look grim the Captain has always known that that class of sail always seem do well in bad sea and weather conditions
So why did the Captain freeze up at the helm?

I can only say
The "Pressure" we Captains must face at sea to be sea-ready at all times is AWESOME and I have no excuse
OUCH! OUCH! OUCH!
capn

Sometimes I wish I had the Landlubbers sweet FA excuses for never making a mistake
We know them all too well
Some of us sailors still refer to them nowadays when we should all really be in prayer or work the decks a little harder

(Message edited by captain_chaza on January 16, 2004)

scalper

Member

Post Number: 43
Registered: 03-2003

Rating: N/A
Votes: 0


Friday, January 16, 2004 - 07:38 pm:

Ah Captain, yes have checked where the decimal point is, and are a few points ahead at the moment, was going to close out on the bell, but there were a few braver than me buying at higher prices so will wait and see where we shall sail on the opening.

Unusual for me to hold overnight, had my percentage within half an hour, but now Mrs Scalper is home full time, have to get a few bigger notches under the belt.

JRV might be a bit dodgy, but i like to get lost with the crowd so my orders are easily filled (16.5% of shares on issue traded today), i like to buy in volume and have my for sale sign posted on the screen in case of trouble, not good at holding course overnight.

Talk about dodgy, in the chairmans charts he mentions the Nickel resource has an "in ground" value in excess of 31 billion dollars. You have to ask yourself for a company capted at $7m what does it cost to get out.There's been plenty run aground on those rocks.

However they have raided the treasure chests in recent times so may not need to collect any more sovereigns to pay the electricity bills.

Who cares anyway, we do not need to know how or why the wind blows, but only in which direction, and know when to hold'em, and when to fold'em, probably about 10.03am Mon if you blokes get on board.

Cheers

Scalper

captain_chaza

Member

Post Number: 676
Registered: 02-2003

Rating: N/A
Votes: 0


Friday, January 16, 2004 - 09:16 pm:

Ahoy Sea-Cadet-Officer Bookie 2

I once wrote
"In the open sea and when sailing against the All Ordinaries one of the warmest pleasures comes from sighting another ship. Passing greetings make as warm a welcome as any reunion with one’s best friend. Instantly the ocean feels less hostile."

This assumes that they are of the same size and under a similar set of sails

If it is otherwise then they may be getting ready to tack and you may end up going in the wrong direction and find yourself with any help far out of reach

Watching other skippers at work is the secret we all TA sailors know and learn to act instinctively without "too much" hesitation
We can't pick the start or finish of a great sailing season but we do watch each other's actions closer than is the case in any other sport

Hence I was upset when I read NON-comparative comparisons
EG The ASX verses the USA markets
If size was a comparative instrument then did you know
the total size of all the shares on the ASX is the same size as GE (General Electrics) alone

Of course if you did a search for any set of criteria in the USA you might get more than 100 times the search results

Good luck Too many for this simple Captain to survey

I only commented re the NON-Comparison of BHP and Amazon
It's like comparing a long distance runner to a sprinter
It's like comparing a share on the Nasdaq to one on the DOW
It's like comparing a mum and dad's stationary dividend yielding stock to a growth /risk strategy
Unfortunately as we all know those supposedly stationary pilot ships can't keep it up sometimes and can go SE at a greater rate than the Fools gold
It seems that all sails have developed an individuality nowadays

Those incompetent Captains S&P have now stuffed up our Material Indeceis to no end and rendered them useless
Individual Comparisons are now pointless
Group comparisons are always much more comfortable but mean little nowadays with the Individual nature of each sail

Captain Stupid and Captain Poor have grouped the Golds ,Base metals, Building materials and Chemical materials into one grey easy to make mistakes sheet
One simple chart that shows nothing

If one wanted to fool the mums and dads and force them to use a full brokerage service I might understand why the ASX supported this stupid tack as it would support all the ASX partners in crime

Selling and hustling by confusion has always worked in that past in that industry as in most others

I hope you now understand why I feel that comparisons are rendered useless nowadays

EVEN
Twin Sister ships like CBA and NAB move out of sequence
BHP and RIO are out of step with the Oil interests in BHP
NCM and LHG are out of step

Looking at the few examples above you must agree with me that we can't even compare sister ships anymore
Similar size /similar class

It sounds very depressing at first but the GOOD thing is that the tougher it gets the better TA works and the quicker we learn the hard way the faster we can get our ships to sail NE

Hope this helps you to understand my thinking re comparative analysis

Captain Chaza
capn

julles

Member

Post Number: 701
Registered: 01-2003

Rating: N/A
Votes: 0


Sunday, January 18, 2004 - 01:23 pm:

Just for fun

captain_chaza

Member

Post Number: 677
Registered: 02-2003

Rating: N/A
Votes: 0


Monday, January 19, 2004 - 09:17 am:

Ahoy brave and loyal crew

All hands on deck
At dawn on the open

HOIST the green EQS
HOIST the green EIF
HOIST the green BBB
HOIST the green NHL

HOIST the red MPO #2
HOIST the red IVK
HOIST the red ETT
HOIST the red AIM
HOIST the red HII
HOIST the red VRE

Bon Voyage and God's speed
Captain Chaza
capn

PS I will write up the logs later today

julles

Member

Post Number: 706
Registered: 01-2003

Rating: N/A
Votes: 0


Monday, January 19, 2004 - 11:08 pm:

I saw your Ett take off today Captain in between working out how to use the University site ... resistance came in @ 9 so If I'd bought I would have sold to the closest buyer @ .086 when I looked :-)

Ndo keeps popping it's head up... worthy of the watch on decimal points.

Scalper well done with JRV I hope you made a Motsa!

Wadda Red what did I tell ya ....!

SuziQ hope work is treating you well avn holding on very well...!

Julles

julles

Member

Post Number: 710
Registered: 01-2003

Rating: N/A
Votes: 0


Tuesday, January 20, 2004 - 01:24 am:

Captain & Crew, here I am trying to polish off a bottle Chardonnay..

Is it hard? Not really .. quiet, but the peace is refreshing.

I toast the comradeship I have found in this forum

I toast the fact that I have much to learn

I toast to you my friends, because you are!

Still I have half a glass to go so give me a minute.

I toast the very fact that we can share (technology isn't it wonderful)

I toast the fact that tomorrow I do'nt have to trade if I do'nt want to because I'm in the money for this week :-)

Just me , Julles

wadda

Member

Post Number: 253
Registered: 10-2002

Rating: N/A
Votes: 0


Tuesday, January 20, 2004 - 09:04 am:

Morning Julles and crew,

Yeah Julles shoulda listened to ya. Having said that RED held at 22c on lower volume - always the optimist!

Wadda

"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein

scalper

Member

Post Number: 44
Registered: 03-2003

Rating: N/A
Votes: 0


Tuesday, January 20, 2004 - 09:37 am:

Jules, Hope everything is working out with your daughter at Uni, love to see ya posts, they make my day a lot brighter.

JRV was my best trade for the past 12mths. 41% for a total holding time of 51 minutes, 1/3rd of my budget for the month.(normal profit target 1-3%)

Years ago i lost a lot on the pennies,1) because of holding on 2) not understanding that it is not a level playing field, and that people do have the inside running on news before it is released, as in the case of JRV.

The insiders were buying on friday from 1.4c and selling on Monday with the announcement at up to 2.5c while those buying at up to 2.5c lost their shirts when it closed at 1.9c.

You have to be sceptical to make money in this area, and play on this insider running when you can see it being played out.

Hope you run continues

Cheers

Scalper

wadda

Member

Post Number: 254
Registered: 10-2002

Rating: N/A
Votes: 0


Tuesday, January 20, 2004 - 01:29 pm:

Julles,

Alert..alert..confusion!

Julles, there's another one of you, another Julie, on the forum just to confuse us.

Standby for confusion. Your Username spelt with two 'L's, hers with one. Julles and Jules!...and she asks good questions!

Just distracting everyone from watching RED!

Wadda

"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein

julles

Member

Post Number: 711
Registered: 01-2003

Rating: N/A
Votes: 0


Tuesday, January 20, 2004 - 01:47 pm:

Oh No !!! Does this mean I'll have to change my name !!!!

I hope she continues to ask smart questions that way lots of you will think it is Moi' that is incredibly smart :-)

Julles (with 2 L's) What a catastrophe !!!!!

susieq

Member

Post Number: 201
Registered: 12-2002

Rating: N/A
Votes: 0


Tuesday, January 20, 2004 - 09:02 pm:

Julles

Yes, work is work, bit sorry I am back, found too much in the in-tray. But haven't quite worked out how to make enough money to make a living from trading, so be it. Am reduced to checking my stocks at lunchtime and after work, not the same as watching the action or lack of, unfold in front of you.

AVN moved up again today- woohoo !! Candles are still bullish, maybe a retrace tomorrow but I think this has a little more to run yet.

How was your day away from the office? Hope you did something relaxing, away from the galley. No doubt ship's leave will be over tomorrow

cheers

SusieQ