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SMX - SECURITY MATTERS LIMITED


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  • 2 months later...
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  • 4 weeks later...

Why do I get the feeling something is going on here.

 

UEC looks like been taken over, and there was not a post about it recently.

I didnt buy UEC because the market was so bearish.

 

Wonder if the same thing could happen to SMX.

 

Ive no idea what is going on, but I think something is up.

 

I could be wrong.

 

Cheers

mono

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Hi Brendan,

 

Probably a good idea to just watch and use it for your education. Ive been stopped out of about my last 10 trades, hence I left UEC alone. This is a tough market, and its probably better to avoid the losses, rather than chase the winners.

 

I have a few SMX, but will probably just end in tears, and be stopped out like yourself.

 

Cheers

mono

 

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mono,

 

Yer, saw that... didn't move the price all that much in the end.. I think all the 'traders' must have been shaken out over the last month since the initial price spike...

 

The ann could've had a bit more detail.. ie profit targets, etc would've been nice to see!

 

You still on board?

 

Cheers,

 

Brendan

 

 

 

 

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  • 2 weeks later...

Hi Quinent,

 

According to AFR the Military contract was between $10 and $20 mill, a bit of latitude there.

 

I bought into SMX a while back, and added at 29c, I dont see it popping its cork until above 31.5c, but more a subdued rise as still plenty of sellers, but big buyers are moping them up.

Macquarie have a 35c valuation on them, I have resistance at 37c, which is also the projected target from the weekly equilateral triangle base pattern, so could stall around there, but it is a stage one break and start of stage two uptrend.

 

Cheers

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