The Brains Trust - 2024, page-2332

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wolfcreek

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28/09/24

15:29

Post #: 75885952
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Originally posted by cha: ↑

cant help myself.
just working through the volumes
posted last week on massive volume in sfr evn and others

taken bhp from $38 to $44. $46 is the horizontal? will see if falls short or gets through but a massive rerate for bhp and still underway
did not top up but holding enough here anyway. the divvie helps soften the lows and buy more on the hammers. was hoping for $36 or even $32 but not quite there

evn volume on 20 sept was massive and still dominates and remains in play

sfr volume day was also 20 sept

waf the same and new high

interesting that pru whilst good did not see same massive volume and also has not made a new high
fa on pru is expecting higher aisc for next period and also its script buyback so perhaps explains why there are better options to profit from this macro

conclusion buy more sfr evn and bhp as market ebbs and flows and hold off on more pru for now

if it doesnt rise in a green market then stick with ones ready to go

chn similar to pru here? its macro not ready?

volume is a safe way for my system
I miss some. s32 did not have the same volume on 20th sept but still rerating here. did not top up but will add to my list? perhaps? s32 had manganese boost on 23.9 through usa which explains it. not sure how long this boost will last

bc8 volume came in on 12 sept. date of its update. still seems a risk to me with underground mining but market has rerated it. short termers sold the news but longer termers now have far higher share price. shows risk of trading short term versus holding best of breed and let them rerate over time
anyway it is being rerated here as market digests its report on likely revenue boost . still an unknown for me. holding what i have but i expect more fade
pex another one like bc8. end up waiting yonks for it to develop some cash producing assets. it has the potential but my goodness how long does it take. now working on is prefeasability study. chart shows 13c now but seen it before. always fade and then one dy will rerte and i will wonder why i didnt put more into it when it was cheap

mqg volume spike was 20th sept and remains the dominant candle as it rerates. new highs and plays catch up with its gains missed over last year due to rates issue. it is a valid bank now with growing customer base plus its merchant bank activities.

point is it shows importance across the board of china update on 20th sept. business is back on

more importantly it shows the benfit of reading the announcements in a red period and buying the hammers knowing it will rerate in a good market
Pity i did not hold mqg once it hit a new high but it did its job

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Some nice charts and viewpoint by philw on BML page today

XSO Value at posting: 3,138.7
2 Upvote

0 Great analysis

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