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Braemore Resources Uses Cutting Edge Technology (BRR)     

Toya - 29 Nov 2007 08:21 - 305 of 810

Wow - glad to see someone's wide awake here!!

canada1 - 29 Nov 2007 08:55 - 306 of 810

Nice, 176,000 long at 22p

mitzy - 29 Nov 2007 09:05 - 307 of 810

Any mention inpapers..>

Toya - 29 Nov 2007 09:10 - 308 of 810

Not to my knowledge Mitzy.

mitzy - 30 Nov 2007 13:50 - 309 of 810

Bit of a dilemma for me whether to hold or sell..

teddybear5 - 30 Nov 2007 14:03 - 310 of 810

if your in profit take some mitzy nothing wrong with taking a bit of profit imo this wont start to take off untill 2008+

mitzy - 30 Nov 2007 14:11 - 311 of 810

thanks teddybear I will wait a while longer before I decide.

canada1 - 30 Nov 2007 14:43 - 312 of 810

Profit ??, is that when the little blue numbers are higher than the number I bort at ?

teddybear5 - 30 Nov 2007 15:13 - 313 of 810

yes.

Toya - 30 Nov 2007 15:31 - 314 of 810

Mitzy: my approach is to take a profit when I can, especially if I reckon I can pick up stock again at a lower price than I sold at. Hence: sold yesterday, kept the profit, back for more earlier today - I felt that the price may not drop far below the 20p mark this time, having had news of that MOU that you pointed out couple of days ago.

Good luck, whatever you decide!

mitzy - 30 Nov 2007 15:42 - 315 of 810

thanks Toya 20p seems to be the support for now.

Toya - 30 Nov 2007 15:53 - 316 of 810

I agree Mitzy, it does. That's why I bought back in today, below 20.50p, thinking I wouldn't get it much cheaper than that.

mitzy - 01 Dec 2007 09:12 - 317 of 810

Toya whats the latest from rhps..?

Toya - 01 Dec 2007 09:41 - 318 of 810

I've no idea Mitzy - don't subscribe to it.

ptholden - 01 Dec 2007 21:46 - 319 of 810

<a href=Photo Sharing and Video Hosting at Photobucket

BRR attracted my attention from a TA perspective, simply because I wonder when a stock displays accelerated growth how far it will retrace. Accelerated SP growth is unsustainable, it has to take a breather some time. There are a variety of charting methods, speed resistance lines, Gann angles (plus a few more) most of which are a variation or interpretation of Fibonacci Retracements Levels. Basically Fibs act as support levels and are relatively easy to use.

On this screenshot I have 'drawn' Fibs and support was hit at 38.2%, a popular retracement level. Having recovered a little the SP is falling back once more, the question now of course is how far? Certainly the value of Fibs is as a stop loss position or a signal to initiate a trade; however do not take a long position just because a Fib level has been hit (catching falling knives) look to other indicators, especially volume to assess if a bottom has been reached.

On this particular chart the first retrace hit 18p (38%) and the recovery found support at 20p (23.6%) having made a lower high, volume has fallen off and if this level doesn't hold 16p is definitely on the cards (50%). Actually, this makes a lot of sense, chartists always say 50% is a good retracement level for an over-heated stock and with good reason, it normally represents a trendline drawn at 45 degrees, an accepted 'rate of growth'.

Make of it what you will :)

pth

cynic - 02 Dec 2007 07:41 - 320 of 810

not a lot - lol! ...... i think GANN uses different %, and when i get round to it, i'll look at the info i have.

mitzy - 02 Dec 2007 10:23 - 321 of 810

Thanks pt its always useful to have a fibonacci viewpoint.

ptholden - 02 Dec 2007 12:50 - 322 of 810

I think you will find Richard that although constructed differently Gann angles have a close corellation to Fib retracements (and extensions).

Toya - 02 Dec 2007 17:44 - 323 of 810

PT - thanks for the pretty chart and notes! Please excuse my ignorance (yet again!) but what is a "TA perspective"? Territorial Army? dont think so! Total Annihilation? - hope not! [Timing Algorithm, Think Attack, something Analysis??]

TA - Thanks Again
TA - ToyA

ptholden - 02 Dec 2007 18:01 - 324 of 810

Your last suggestion ToyA was pretty close:

Technecial Analysis :) In t'other words 'charting'

Some where on this board is a TA thread I started some months ago, it's fallen into the doldrums cos I haven't been around to keep it alive. Some interesting comments on there from other posters, you may benefit from a quick shufti, then again you may find it a load of old tosh!!
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