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Ann: Appendix 4C - quarterly, page-199

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Gucci

535 Posts.

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18/05/20

11:49

Post #: 44676543
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Originally posted by mycrowssoft: ↑

Thanks for the reply Gucci, ( you have me that paranoid it didn't expect one )
Yes I have been in the market a long time, mainly ASX 200, but I do dabble a little bit in specs if I find them interesting or have the volumes and volatility to trade.

Sometimes one like this comes along where you can't make up your mind whether to actually believe the hype ( in this case to me it's hype only because I don't understand it, and not saying that it doesn't work or the like), or to just trade it, and to hopefully do what Martin did and be free carried and not worry what it does after that. Free shares, Who Cares. So far I have only banked the profits, maybe I might keep some if I can get another good trade.

Like I said, i will not judge you or question your valuation method, everyone has their own on spec stocks.

Because I can't put a value on it I will buy it on technicals.
I know these type of stocks can turn quick on any good announcement and I have been caught out many a time without stock and sometimes caught holding heaps of useless ones.
So I have learned over the years to look for my own hints and warning signs on what I call " insider accumulation" I also pay attention to what I call " insider selling" which normally goes by the name " Distribution"
I know that you know I watch the trading closely, I miss a lot because either I am looking at other stocks or attending to my garden. Some of the trading is quite suspicious and I wish that there was a way of seeing broker codes so I can see who is buying / selling or just churning. At the moment I rely on a broker to tell me, which understandably he is hesitant to give out that info seeing I don't do much trading through him these days.

Seeing that you explained how and why you bought this i will tell you how I came about NET

A very good friend told me that he knew someone who knew someone that was the directors brother in law etc and this was WORTH.33 cents.
So I figure straight away that at .33 cents it probably has 50% built into that figure, because that's what I do when I get '" hot tips". So I figure it is probably worth .22 cents tops.
Of course I wouldn't buy it at 22 because that what it is worth and no upside.
So I ask what is it trading at? He says .09 cents and to buy with my ears pinned back, no time to do any investigation, just trust. So I log on to Hotcopper and read a bit about it.
Missed .09, missed .12, 13, 14, and bought at 15.5 cents. Sold at 21, and watched it go to 29.
Bought back in at 21 where I had sold it and sold 2 cents lower at 19. ( because 10% lower than my buy price becomes my sell ) not foolproof but it is what it is. Decided no more, but like the pokies, one more spin, and have been trading it since. Not even interested in valuations or the tech, only trading.

The Hotcopper downrampers did get into my head and that's why I started questioning the value? Is this company worth the market cap with the figures that were available?
My answer is no.
Does this tech really work? I don’t know. If it doesn’t my trades have to be somewhat calculated so I know how much I am willing to lose.
If the tech is as good as they say, then maybe this is the next big thing and should keep some.
I am not scared to buy on the way up, even if I miss the bottom I would buy when my triggers are hit, again , not foolproof.
Which brings us here with you wanting the price to go up to your sell price and me wanting it to come down to my buy price

Sunday night reading, and 2 too many reds.

Cheers and have a good night all.

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"Seeing that you explained how and why you bought this" sorry mycrowssoft I have never said anything about how and why we bought into NET
this is well over 6 years ago now and we have averaged down our costs since...

I haven't told you either what is my valuation of the Company other than we cannot put a value based on their financial statements at this point in time...

The well known broker firm we are dealing with had valued another Company we have invested in at around 65 cents with a 6 pages valuation based on Financials and other results about two months ago now... we averaged down our costs in that Company as when the document came out it was trading at around 8 cents so I waited and bought more in at around 6 cents thinking it should go back up... well being in Oil and Gas and the situation we all know now about the Oil and Gas Industry especially the effect in America the stock price is now 2.2 cents.

A Company is worth only what investors are willing to pay for like in real estate... either undervalued or overvalued.

I believe in NET Management, their products and their potential market... we are keeping our shares!

NET Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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