DB an Geo's Smallcap Smorgasbord

[dr.blix]

i just had to post this chart, as i love these bizarre little events.

i set this trend line for altona resources last week, after re-reading a simple TA book that talked about taking trend lines, S+R levels from as far back in the company's history as possible.

so i drew this line due to the relevance on jan 12, jan 21, feb 25, aug 11, oct 12 levels.

also i liked the way it held parity with my 125MA.

after its joint venture news release, this is where it opened.

just a coincidence i know. but i do enjoy them non the less.

 

[dr.blix]

i think i may be watching too many of these smallcaps...there are so many of them to choose from!

i should set a stock screener for my various smallcap watchlists. (i must have about 40 smallcaps in my watchlists)...

i have so many, i often forget about them altogether.

 

[minch]

Hello all,
I've added Land Securities to my watchlist, price above weekly consolidating base and 50 ema.

Also Persimmon looking well placed for a recovery.

 

[dr.blix]

hey minch, you have a good break in cornwall?

good breakout potential there...i like all the clean space before the nov '08 res.

 

[dr.blix]

Hello all,
I've added Land Securities to my watchlist, price above weekly consolidating base and 50 ema.

Also Persimmon looking well placed for a recovery.

whats the volume like on this mid oct rally btw?

 

[minch]

hey minch, you have a good break in cornwall?

good breakout potential there...i like all the clean space before the nov '08 res.

I had a great time thanks Dr B, plenty of eating out and drinkypoos, had a nice meal at Rick Steins in Padstow, I took out a second mortgage to pay for that lol.

 

[dr.blix]

I had a great time thanks Dr B, plenty of eating out and drinkypoos, had a nice meal at Rick Steins in Padstow, I took out a second mortgage to pay for that lol.

hehehe...glad the 'cornish separatist army' didn't drive you out.

they've been firebombing more "outsiders" restaurants apparently. (and yes, i thought it was a joke too the first time i heard of them, but they actually do exist!!)

 

[minch]

whats the volume like on this mid oct rally btw?

I don't take much notice of volume, tbh Dr B, unless its signalling a high-volume climax bottom or top and possible reversal, then I sit up and take notice.

 

[minch]

hehehe...glad the 'cornish separatist army' didn't drive you out.

they've been firebombing more "outsiders" restaurants apparently. (and yes, i thought it was a joke too the first time i heard of them, but they actually do exist!!)

He he... I was hoping they would turn up, just prior to the bill coming.

 

[dr.blix]

He he... I was hoping they would turn up, just prior to the bill coming.

 

[GladiatorX]

You guys only trade small cap btw? And if so, how small capitalisation; Or just only FTSE smallcap index stocks ?

 

[dr.blix]

You guys only trade small cap btw? And if so, how small capitalisation; Or just only FTSE smallcap index stocks ?

for me personally its mainly AIM at the mo GX, the odd 250...mainly scouting for miners that may be in a position to make big moves during the recovery.

a bit like combing a beach for salvage after a shipwreck

 

[Geofract]

BAY buy at 200 - 50% fib of recent swing on daily, 50 ema, and historical S/R level.

Or is it trash?

 

[dr.blix]

looks good, why 200 though?

i'd have thought you'd want it to reject this T line (@ 206) for a confirmed break above it as an indicator of strength?

firstly the take-over of iberia will have shaken things up price wise, obviously thats what gave the price jump on the 12th...i'd be a bit worried that the volatility due to the merger news might make price a bit less predictable at the mo?

secondly, i think it would be good to have an idea what oil's doing.

i think its around $80 a barrel at the mo, if this is a res level leading to a fall (i'm sure i heard someone talk of a fall in oil), then you'd be in a good position in an airline equity. obviously a negative pull if oil is in a rally with $80 acting as support.

nice big uptrend though

where've you been btw!

have you started a new job now?

 

[minch]

BAY buy at 200 - 50% fib of recent swing on daily, 50 ema, and historical S/R level.

Or is it trash?

Could prove to be a good area for a buy Geo, let price dictate and wait for confirmation of a bounce from this level.

Next strong support level at 180, and good example of Rbs.

 

[dr.blix]

Alcohol may cut the risk of heart disease by almost a third in men, research has suggested.

A study on people aged 29 to 69 found drinking could protect men from heart disease regardless of whether they drank beer, wine or spirits - although no significant effect was found in women.

RESULT!

 

[minch]

Alcohol may cut the risk of heart disease by almost a third in men, research has suggested.

A study on people aged 29 to 69 found drinking could protect men from heart disease regardless of whether they drank beer, wine or spirits - although no significant effect was found in women.

RESULT!

Mmm...wonder if I drink 3 times the avg amount, I would be fully protected

Market in healthy pullback mode, nice bounce with Sab miller this morning after good results.

 

[Geofract]

looks good, why 200 though?

i'd have thought you'd want it to reject this T line (@ 206) for a confirmed break above it as an indicator of strength?

firstly the take-over of iberia will have shaken things up price wise, obviously thats what gave the price jump on the 12th...i'd be a bit worried that the volatility due to the merger news might make price a bit less predictable at the mo?

secondly, i think it would be good to have an idea what oil's doing.

i think its around $80 a barrel at the mo, if this is a res level leading to a fall (i'm sure i heard someone talk of a fall in oil), then you'd be in a good position in an airline equity. obviously a negative pull if oil is in a rally with $80 acting as support.

nice big uptrend though

where've you been btw!

have you started a new job now?

Hi Dr.B

Why 200? Because it's historical S/R going way back in time. T line has broken, but I am happy if price rertaces below the TL again. Often I see TL's break once, then retrace before the final breakthrough. Anyway, as Minch says, will have to wait for confirmation @ 200p.

No idea on the Iberia Vol point though, and oil is a mystery imho. Sometimes commentators are saying we will see $100, and sometimes £65.

Haven't started a new job yet. I had an interview with a local company, which I thought would be a winner, but they might not be prepared to negotiate on salary, so for now the hunt continues. Looking at Dubai as a possibility, well, anywhere that pays properly would be a good start

 

[Geofract]

Looking to sell FTSE at around 5350 ish, target of 5300 - 4h Bias is short now.

Looking to sell E$ around 1.4920 to 1.4935 ish - target would be 1.48.

 

[Geofract]

I should mention I have got practically every trade wrong recently, so defo ignore my calls. Job hunting and a little trading here and there doesn't work so well