The LONMIN share price thread

[DrewChan]

Is that on the JSE?

JSE : DBXWD

 

[DrewChan]

You bought some bank? Man I wish I had the money to buy some bank...

Yeah its tough, it all started when I was 8, something about the Deutsche called to me, a gentle breeze sweeping past my ears, as an urchin I knew little about purchasing bank but I was taken in and taught all there is to know about the subject.

Fast forward to present day and here I am with bank

 

[Piesank]

Where is that smug Pakka?

 

[owl]

20c

 

[techead]

Lonmin trading at 20c

 

[Polymathic]

Jip

DBX - WD - US -JPN - CHIN - UK etc

Those are ETFs

 

[Toothless]

Took all lonmin out and bought some Deutsche Bank

Abandon thread

Good move!

I am out too. Took a 20% knock, but it will be better than losing my whole gamble.

 

[Gtx Gaming]

Sold R1813 shares at 21c each. Total investment was R5000.

Will keep some for now.

 

[techead]

Good move!

I am out too. Took a 20% knock, but it will be better than losing my whole gamble.

I consider this a wise move, but I am staying until death do us part

 

[marco79]

Am I seeing this right? Trades jumped from 2 to 9 million when price hit 20c.

 

[shooter69]

I consider this a wise move, but I am staying until death do us part

+1

at least I am not daring this adventure alone

 

[Thor]

Those are ETFs

Exactly, thats what Deutche bank is

 

[Gtx Gaming]

Am I seeing this right? Trades jumped from 2 to 9 million when price hit 20c.

indeed 9.3 mill shares traded today so far.

 

[techead]

Am I seeing this right? Trades jumped from 2 to 9 million when price hit 20c.

will have to go check. Could be the guys with short holdings closing out their positions.

 

[Solitude]

+1

at least I am not daring this adventure alone

Same here. I started this as a gamble and it will end that way. I either make a good profit or I lose it.

 

[techead]

Im seeing 15 million shares traded so far today

 

[shooter69]

Am I seeing this right? Trades jumped from 2 to 9 million when price hit 20c.

I am thinking that a lot of people are going on the Deutche bank Buy rating which is the latest rating on Lonmin to date. The older ratings are all sitting at hold or sell.

Ratings Breakdown: 3 Sell Rating(s), 5 Hold Rating(s), 3 Buy Rating(s)

http://www.marketbeat.com/stocks/OTCMKTS/LNMIY/?MostRecent=1

 

[Thor]

Am I seeing this right? Trades jumped from 2 to 9 million when price hit 20c.

Jip it was those 8 odd million on "back order" earleir in the thread it was mentioned there are orders for 21 cents

 

[shooter69]

ps. For those guys reading this thread and thinking "What a bunch of fools!!"

This is a gamble and it turns out to be very educational.
I have learned a lot about share consolidation, rights offers,
how the market reacts to rights offers ect..... the list goes on if you read
through this entire 92 page thread.

I have gone to trading seminars and did a online course once. You do not learn these things there.

Paying R3400 for this education is totally worth it! And who knows, I might still even make a profit in the next few months

 

[techead]

ps. For those guys reading this thread and thinking "What a bunch of fools!!"

This is a gamble and it turns out to be very educational.
I have learned a lot about share consolidation, rights offers,
how the market reacts to rights offers ect..... the list goes on if you read
through this entire 92 page thread.

I have gone to trading seminars and did a online course once. You do not learn these things there.

Paying R3400 for this education is totally worth it! And who knows, I might still even make a profit in the next few months

might