I agree with much of that.
Personally I have found that I make best money by finding good quality specs - sound management, plenty of positive sentiment, excellent prospects, preferably with promising early results.
Then you wait for dip in SP - the best ones are when a minor sideline returns bad news and the SP can drop 30-40% within a day (the important thing is that the bad news is over-reacted to by the market - this may be a bad gold result in a company that has excellent moly, U, Fe etc results that back up the SP). The market almost always rebounds even stronger and it is not unusual to make 50-100% within two weeks.
Good recent examples are YML - drop to 36c when the market incorrectly interpreted that the MMX deal would mean "Yilgarn Infrastrucure" would lose favouritism for rail infrastructure project - "Yilgarn Metals" gets hammered back 50% from 54c to 36c, then rises back to 84c next week. I made $6K on a 5K punt in less than a week. Another is AZS this week - results that few even understood (though were quite good) dropped SP from 25c to 17.5c, now 29c a week later. OVR is another one, CFE is a fair buy at the moment, FNT and MXR also look good for potential 2-3 baggers from a dip - esp on the respective options. The list is too long to list them all.
- Forums
- ASX - By Stock
- WMT
- hope is in the air
WMT
western metals limited
hope is in the air, page-10
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)