Hi readers
Well the month of January is over and to be honest goodriddens too.
Nasty month for me trading wise, broke a number of rules and lost money, which is not acceptable.
Yesterday got bombarded with email about the astrological stock we are playing .
Congratulations to all who got in when we announced it in November..
While some didn't take the trade then others took it on the pull back and came on board with me at $1-1.10 mark.
One for the true believers of financial astrology.
Yes and to those who didn't believe that the stock would do it, you seriously need to broaden your horizons to others forms of analysis, not just charting and bullshit brokerspin.
So let's take a look at what's next for the stock.
Stock still has another 22 months of its jupiter cycle and we are already at stage one of the process.
Stage one is the true value of the company...$1.80-2.00.
Stock should consolidate around that level for a couple of months, but I don't know if it will.
For the Company coming out making statements that it made $8 million will awaken the stage 2 processes.
The small to medium growth and super funds will start calling around looking for stock.
If nothing is avaliable in size then they will just go to the market and bid the stock.
But I suspect that the brokers who have been active buyers have stock and will unload some to them.
While many of you wont understands the working mechanics of what I'm saying this is how it's done.
Yes retail is the one left in the dark.
It's a scratch my back I'll scratch yours scenario!
Premium will be paid to let the stock go also that's for sure as the stock is held in tight hands.
Before the email hit me I'll put my view of where price can go next!
DeLacy is an accountant by trade so he knows his numbers crystal clear.
$8 million is the number.
His got $3.4 million in debt, which leaves him with 4.6 million.
Question is does he hold it for further expansion which I suspect not at the present time or does he pay out a dividend.
A dividend will move the stock to $2.80-$3.20, with growth funds racing to pick up stock as the company will have true profits for distribution.
Also WA will need to make decisions on there partnership with FRM, as takeover will start looking very expensive.
No dividend ..stock should trade around the $1.50-$2.20 area before the next jupiter degree move.
Note, the August report is where they will surprise many and where the stock goes is anyone's guess.
My only concern is when no one is prepared to sell the stock and the company become very illiquid. Then holding size is very dangerous, something I don't want to be part of and yes I will sell out of the stock should it get to that but until then where it goes who knows.
When I'm talking illiquid I'm talking about 20cent spread between bid and ask.
I don't love the stock I trade it ... Remember that this is a business.
Business needs to make money to succeed.
PS ... To those with the smart ass comments, I am calling up your bets.. Stock hit $1.80.
Which means 5% of every dollar you made can be donated to the Bulleen Heights Primary School please.
It's a school for Autisim children.. Thank you very much
Should you not then karma will catch up with you .
You'll only have yourself to blame, as it will cost you 10X.
Thank you guys
Yesterday doing the February astrological dates, finishing them off today and will post them tomorrow.
Well the month of January is over and to be honest goodriddens too.
Nasty month for me trading wise, broke a number of rules and lost money, which is not acceptable.
Yesterday got bombarded with email about the astrological stock we are playing .
Congratulations to all who got in when we announced it in November..
While some didn't take the trade then others took it on the pull back and came on board with me at $1-1.10 mark.
One for the true believers of financial astrology.
Yes and to those who didn't believe that the stock would do it, you seriously need to broaden your horizons to others forms of analysis, not just charting and bullshit brokerspin.
So let's take a look at what's next for the stock.
Stock still has another 22 months of its jupiter cycle and we are already at stage one of the process.
Stage one is the true value of the company...$1.80-2.00.
Stock should consolidate around that level for a couple of months, but I don't know if it will.
For the Company coming out making statements that it made $8 million will awaken the stage 2 processes.
The small to medium growth and super funds will start calling around looking for stock.
If nothing is avaliable in size then they will just go to the market and bid the stock.
But I suspect that the brokers who have been active buyers have stock and will unload some to them.
While many of you wont understands the working mechanics of what I'm saying this is how it's done.
Yes retail is the one left in the dark.
It's a scratch my back I'll scratch yours scenario!
Premium will be paid to let the stock go also that's for sure as the stock is held in tight hands.
Before the email hit me I'll put my view of where price can go next!
DeLacy is an accountant by trade so he knows his numbers crystal clear.
$8 million is the number.
His got $3.4 million in debt, which leaves him with 4.6 million.
Question is does he hold it for further expansion which I suspect not at the present time or does he pay out a dividend.
A dividend will move the stock to $2.80-$3.20, with growth funds racing to pick up stock as the company will have true profits for distribution.
Also WA will need to make decisions on there partnership with FRM, as takeover will start looking very expensive.
No dividend ..stock should trade around the $1.50-$2.20 area before the next jupiter degree move.
Note, the August report is where they will surprise many and where the stock goes is anyone's guess.
My only concern is when no one is prepared to sell the stock and the company become very illiquid. Then holding size is very dangerous, something I don't want to be part of and yes I will sell out of the stock should it get to that but until then where it goes who knows.
When I'm talking illiquid I'm talking about 20cent spread between bid and ask.
I don't love the stock I trade it ... Remember that this is a business.
Business needs to make money to succeed.
PS ... To those with the smart ass comments, I am calling up your bets.. Stock hit $1.80.
Which means 5% of every dollar you made can be donated to the Bulleen Heights Primary School please.
It's a school for Autisim children.. Thank you very much
Should you not then karma will catch up with you .
You'll only have yourself to blame, as it will cost you 10X.
Thank you guys
Yesterday doing the February astrological dates, finishing them off today and will post them tomorrow.
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