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STB, SOUTH BOULDER MINES LTD
wolverine
post Posted: May 7 2012, 09:53 PM
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Investor update today. I hold some and keen to add when cash levels permit.



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TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
mpl
post Posted: Mar 28 2012, 04:19 PM
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In Reply To: arty's post @ Jan 13 2012, 07:20 PM

Getting away from all the "Gunna make me Rich" topic's being bantered around.

STB may well be worth a look for a swing trade.

Break on recent Downtrend.
Breakout from my little Triangle with which I find catches this sort of Trade more often than not.

Using CFDs a Triggered entry today @ $1.06.
Current stop is close below $1.05 which is 50% of todays bar.
STB can tend to be a little Illiquid at times.
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arty
post Posted: Jan 13 2012, 07:20 PM
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In Reply To: mpl's post @ Jan 13 2012, 06:51 PM

well done, mpl
It's also where I would have picked the profit. Apart from being a Friday, have a pick of:
  • 3rd gradient trend broken
  • Bearish Engulfing candle
  • topping MACD
  • diminishing volume
and that's only the exit signals on the Daily chart.

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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
mpl
post Posted: Jan 13 2012, 06:51 PM
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In Reply To: arty's post @ Jan 12 2012, 11:17 PM

Hi Arty

Profit taken at $1.43. Obvious close below uptrend.

Mechanical Entry=Mechanical Exit. All CFD trade, Actual 125% Profit on margin requirements, Less Interest from 5 Days holding.

Had notice the Trinity however was not happy with 05/01 Close of bar. Factor in Friday being the next day as well.

Sure beats hanging around on a BHP approach.
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arty
post Posted: Jan 12 2012, 11:17 PM
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In Reply To: mpl's post @ Jan 12 2012, 06:41 PM

nice study, mpl
this one just flew below my radar because I usually scan for half a Million minimum daily turnover.
But you see where the blue arrows appeared, that's where Trinity suggested an early entry and subsequent top-up.

GMTA smile.gif

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Now volume has picked up, I'll place an order at the gap $1.08/09. I may or may not be filled - can't trade them all.



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
mpl
post Posted: Jan 12 2012, 06:41 PM
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In Reply To: wolverine's post @ Jan 10 2012, 07:08 AM

Now comes the Hard part.

When to take profit ?. A nice gap up open to sell into will do it this time around.
As for the Chart exit, A break of the uptrend will also do it for now as well. Resistence up at $1.64 would be the obvious place,

Previous support at this area was also noted back in 2011.
Personally with the Volume showing a healthy turnover considering STB has a Class Issue of 91,585,688 out in the Market.

One point to take note of is the fact that Price has now outstripped Time. Meaning a lot of Price in a Short time period. A pull back from here is the Highest probability, Market depended, $1.64 would be the most likely area.
Let's see what happens from here.
Long term holders should not be afraid to Add to the holding once resistence in broken & Proves to be the new support area IMO.

As for me Profit WILL be taken when the Chart tells me. Dollars WILL move into something else until this thing is ready to trade again.
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wolverine
post Posted: Jan 10 2012, 07:08 AM
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In Reply To: mpl's post @ Jan 9 2012, 09:13 PM

yes very interested.



--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
mpl
post Posted: Jan 9 2012, 09:13 PM
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In Reply To: wolverine's post @ Nov 2 2011, 10:46 PM

Anyone interested might like to watch this one.

Entry today at $1.175. 30 Min Chart attached.

Stop now moved to breakeven.
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wolverine
post Posted: Nov 2 2011, 10:46 PM
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In Reply To: Drag100's post @ Nov 2 2011, 08:12 PM

Lorry is a pretty good guy last I spoke to him when he was mining manager at EME.



--------------------
TOO MANY CHIEFS

NOT ENOUGH INDIANS
 
Drag100
post Posted: Nov 2 2011, 08:12 PM
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Interview with STB managing director in Germany. Another Tier 1 very low cost project in the making.
http://www.youtube.com/watch?v=GNIxi3Zuq3Y...be_gdata_player

 
 


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