You said three days ago: "That said. I am now looking at a...

First 7 Last

Share
Profile

Follow
smoke87

574 Posts.

08/03/15

13:26

Post #: 14878834
Share

Originally posted by TeTeTe ↑

Tomboy. Yes i do use IB. But I also have several more i use as backups. I like to keep spreading money across numerous brokers, not just one. Well yeah what can I say. SIR & LNG are both my top two trading stocks on the ASX. They have nice patterns and lots of volatility. Great for a short term trader like me. I am making some decent profit on both of them. I am not one for trading from the fundamentals. I do have an idea is something is overvalued or undervalued. But all my trades are based purely from the charts.

You are right about SIR not being a producer however. I find it very difficult to understand why this stock is trading around $3 and still makes no money. All we have seen so far. Is a few so called big wigs, buying near its peak. Only to see it fall through the floor after that. I understand that people believe in the story. But making money and believing in a story are two different things. Until SIR does start making money. Producing something, anything. It will remain on my short only list. However if it does what the bulls hope it will in the distant future. Then It will go onto my long list.

Right now on the charts. SIR has and will always be a great short over $3. Once it gets back over $3 like you say. The volume dries up and the big wigs start to short it. Including me. Until we get another crash like now. This cycle will keep repeating indefinitely. That is until SIR actually starts producing something. But from what I can tell. That will not be for at least a few years. If it happens at all. Until that time, just short the rallies like I do. And profit from the downside.

Expand

You said three days ago:

"That said. I am now looking at a possible move down to the $2.20 region. So hoping for 80c profit on this short. ".

So what changed?

SIR Price at posting: $2.89 Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

There are more pages in this discussion • 12 more messages in this thread...

First 7 Last

Add SIR (ASX) to my watchlist

You said three days ago: "That said. I am now looking at a...

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Resolute shares bounce back as second payment made to Mali government to secure workers' release

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

Parkes Au-Cu project to 'transform' Adavale Resources with key targets