Archive through April 13, 2004

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colin_twiggs

Member

Post Number: 1092
Registered: 09-2002

Rating: N/A
Votes: 0


Monday, April 05, 2004 - 06:29 pm:

Captain Chaza

Thanks for the tip-off. It appears that the new server has been adjusted for the change to EDT. We will rectify this.

Colin

susieq

Member

Post Number: 276
Registered: 12-2002

Rating: N/A
Votes: 0


Tuesday, April 06, 2004 - 01:06 am:

Justice

Thanks for the heads up on ASC, pity I had run out of strength to hoist any more sails. Nice gain so far, are you looking to hold or just in for a few thrilling days?

I must admit I have an ethical thing about this stock, but then that is me being a bit contradictory with my ethical stance as trading has no redeeming social value at all either, so if I was true to my ethics I wouldn't trade at all. But it is too much fun, not to.

good luck with it

cheers

SusieQ (Dazed and Confused)

justice

Member

Post Number: 196
Registered: 01-2003

Rating: N/A
Votes: 0


Tuesday, April 06, 2004 - 09:53 am:

Aloha SusieQ,

I believe ASC has scope to consolidate and hold it's own at around 11.5 or above within a very short timeframe. I'm hanging out for this level as I'm playing solely with "their" money at this stage.
However, the trading volume is still quite moderate and buying will need to accelerate somewhat before it again cracks the 10.5 or 11 overhead I would guess. I think it will pursue the push sooner rather than later and I'll consider my next move hopefully in that new light.
I think there is a considerably greater up-side to this company's share price in the long term as it's revenues are set to increase before ever leveling.
As a concession to my sanity, I've banished all debate concerning ethics from trading strategy as this serves only to distract me from the goal - to be right about the chart!! In hind sight, as it happens, ASC is one of the more shapely goblins on the ethical toll bridge - by my standards.

I'm glad you're well.

justIce

GO BIG

captain_chaza

Member

Post Number: 811
Registered: 02-2003

Rating: N/A
Votes: 0


Tuesday, April 06, 2004 - 10:51 am:

Ahoy brave and loyal crew

In a calm one has the time to shuffle a few sails around
to best suit the ship for when the wind does come

Landlubbers are notorious for hoisting bargains so it may be best to continue our averaging down sailing campaign

All hands on deck
At dawn on the open

LOWER the red CMX
HOIST the red ETT #3

LOWER the red CTO
HOIST the red AFT #2

Bon voyage and Gods speed
Captain Chaza
capn

As the 1st Officer Spids says
"When you see a fork in the road,
Take it!"

captain_chaza

Member

Post Number: 812
Registered: 02-2003

Rating: N/A
Votes: 0


Tuesday, April 06, 2004 - 11:43 am:

Ahoy crew

The GIR finding wind
The Captain hesitated again!!

Incredulous

dollars

Member

Post Number: 79
Registered: 09-2002

Rating: N/A
Votes: 0


Tuesday, April 06, 2004 - 02:16 pm:

Hi Captain

GIR is one on my watchlist as well Capt. Raised and lowered earlier this year about the same time as FCN.

cheers $

mosaic1996

Member

Post Number: 687
Registered: 01-2003

Rating: N/A
Votes: 0


Tuesday, April 06, 2004 - 09:57 pm:

Hi Cap,

Just purchased VOYR today so I am talking my own book.

Tomorrow is the last day of trading for the rights. Rights details are as follows:
Cost to exercise the right $0.20
Can probably pickup the right for $0.03 or less giving a cost of VOY share of $0.23 or less.

Need to pay the $0.20 by 16/4/2004 at the latest.

Current bid/ask for VOY is $0.225/$0.23

Now here is the good aspect of the trade. There is 1 free attached option for each 2 new shares/rights. The option details are:
Strike $0.25
Expiry sometime in early 2006 from memory.

I estimate that the options should trade somewhere between $0.04 and $0.06 each.

This would give a premium to the rights of $0.02 to $0.03, which is not reflected in the price of the right.

They plan to drill a well offshore WA in June/July - could be earlier or later (JV includes ROC and Apache) as Apache tends to swap and change drilling schedules. I believe that they also have additional wells offshore WA later in the year.

You are advise to check these details as I may have them wrong.

T/A looks pretty ratty as a consequence of the rights issue. However the price has held up very well given the details of the rights issue (2:3 rights issue at $0.20 and 1:2 free option attached to rights) - I see this as very strong technically.

One of the main dangers with this trade is that the new shares will not be issued until around 21/4/2004 which means that you do not have control of the shares/options if there is major turmoil in the market - you can't sell.

Cheers,
Mosaic

robski

Member

Post Number: 14
Registered: 04-2003

Rating: N/A
Votes: 0


Tuesday, April 06, 2004 - 10:31 pm:

BTA!

All my indicators are sitting strong for a buy. The only issue is volume of trade. The slow stochastic has crossed over, but apart from volume not coming in I can't seem to understand why this stock is not gaining some momentum. Can anyone fill me on any info if they have any. bta

julles

Member

Post Number: 903
Registered: 01-2003

Rating: N/A
Votes: 0


Wednesday, April 07, 2004 - 09:16 am:

Ahoy Captain! How about the PCL?

Robski I don't see Bta as a buy yet, however the Captain may disagree with me.

Julles

... Off to Brisbane early in the morning so the galley will be in fend for yourselves mode. I expect to come home and find the Market as buoyant as ever and the galley spotless!

Got that!!!

captain_chaza

Member

Post Number: 813
Registered: 02-2003

Rating: N/A
Votes: 0


Wednesday, April 07, 2004 - 10:45 am:

Ahoy brave and loyal crew

All hands on deck
At dawn on the open

LOWER the green BGD
HOIST the green PCL

LOWER the red WTE
LOWER the red MEE
HOIST the green GIR

Bon voyage and Gods speed
Captain Chaza
capn

julles

Member

Post Number: 905
Registered: 01-2003

Rating: N/A
Votes: 0


Wednesday, April 07, 2004 - 12:44 pm:

God am I having trouble today watching stock movement.

I always use Sanford Dynamic data (as I can't get broadband) and apparently they moved office last weekend and it's mucked up their technical signals. So the Dynamic data is not working!!!! AHHH !!!

I've had to resort to the old fashioned way of clicking the refresh button all of the time... Whooh is Moi'

susieq

Member

Post Number: 285
Registered: 12-2002

Rating: N/A
Votes: 0


Wednesday, April 07, 2004 - 01:31 pm:

Julles

I will be keeping an eye on the galley for you whilst away, and the key to the chocolate biscuits and rum cupboard is safe with me.

Tha market may be rising 10 to 15 points a day but not much on anything I am currently holding.

Do our best to keep it going for you, good luck tomorrow

SusieQ

julles

Member

Post Number: 906
Registered: 01-2003

Rating: N/A
Votes: 0


Wednesday, April 07, 2004 - 01:47 pm:

Love your Pic Suzi ... :-)

My stocks aren't doing much either :-(

Have a nice Easter, I think I'll finish early today and come back fresh after the break. Better fresh than not at all.

See Ya Julles

julles

Member

Post Number: 908
Registered: 01-2003

Rating: N/A
Votes: 0


Wednesday, April 07, 2004 - 03:34 pm:

Heck I can't help myself, went for a little rest and read and now back here to see how we are going!

..

Sri caught a flurry of wind this avo Captain but for the most part all our speckies' are a little flat :-(

starboard_tack

Member

Post Number: 122
Registered: 04-2003

Rating: N/A
Votes: 0


Wednesday, April 07, 2004 - 06:41 pm: