ERM 3.33% 6.2¢ emmerson resources limited

Ann: Change in substantial holding, page-70

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  1. 352 Posts.
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    BK,, When I say "I don't recommend any of them" ,,, I don't 'not recommend them' either.

    In fact I don't recommend anything much,, as I have my own plan for position entry, exit or other,, which would hardly fit for anyone else with their own plans..

    eg.. I might take three new positions as above and 'believe' they all have good potential.. Invariably I get some wrong and hope even if 2/3 are wrong I make sufficient on the third stock to make a good living.

    So if I 'recommend' one of the 2/3 that fail, to a good friend or mate,, that doesn't buy the other two I have bought,,, it leaves him out in the cold,, and me with my 1/3 win that does well..

    I can't always tell from the outset which of the 3 will have a win,, but invariably the 1/3 does well, and I exit with a 10/20% loss on the failures.. if you get my drift..? So I'm very careful not to 'recommend' too often.

    You might say I recommend ERM.. not particularly ,, and I put it as a 'hold' (sentiment) as I thought some kind of position was mandatory on HC. I have a reasonable position, difficult to unwind,, but as I've said before,, I've drunk the coolaid on this one.. One of few I have done, not totally in line with my plan.. (having said that its really only broken medium term down trend once (that I can think of) in the couple of years I've held it , and so I decided to top up. - and so far its worked for me.

    As for NUH ,, thats another thread,,, and I've seen more than my share of hopefuls crash and burn for one reason or another over 30 years of trading,,, but at this stage I bought due to a breakout,, and currently 'hold', and it could easily change tomorrow depending on price and volume action. (btw I think I was in and out of IOT in about 3 days,, which is pretty odd for my trading but it fitted with my plan.)

    Oh,, and on the odd occasion all 3 (or more !) crash on me in a row,, quite often its a time to look at the overall market to see if its looking fishie for some reason....

    It happened in 1987,, and 2000,, so I was out totally,, or shorting while my mates watched their super lose 30-50% in 12 months.

    But you could be very well right about NUH,, I hope you're right,, and I hope a few thousand other people get your point..
 
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Last
6.2¢
Change
0.002(3.33%)
Mkt cap ! $27.23M
Open High Low Value Volume
6.1¢ 6.2¢ 6.1¢ $60.54K 977.0K

Buyers (Bids)

No. Vol. Price($)
1 40000 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.1¢ 25000 1
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Last trade - 12.57pm 15/11/2024 (20 minute delay) ?
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