Post Correction Biggest Bounce Back Shares - a competion

[PhaedrusFollower]

Taking a positive stance here on 26th May 2010. We are officially in a "correction".

Some will be holding onto their porfolio and waking each morning, frightened to see what the world has done overnight and get home each night to find they are a further 2 or 3% down.

Others have cashed up and are eagerly sitting waiting in the wings to buy some bargains.

Others are doing hardout TA so they KNOW when the BUY signals are present.

As a bit of fun, I propose a very small competition.

WHICH SHARES WILL MAKE THE BIGGEST BOUNCE BACK, IN ONE MONTHS TIME?

Prices will be taken at 4pm on Friday 28th May (3 days time)....and compared to Friday 25th June 2010.

Each Participant gets to choose 3 shares. (ASX only - same competition running on NZX). Once posted, no changes are allowed.

Your entries should contain the following information:

Share: STX
Current Price: 0.235
Predicted Price 0.26
Reason: Moving Average 200 days is .26 and this has been the average price post the last corrections.

The winner will be the Sharetrader with the largest combined total increase on 25th June and will receive a mystery prize!

Good luck to all who are up to the challenge... a bit of fun amongst the doom and gloom of the news!

Get your 3 choices in on this thread NOW..while you're thinking about it. :p

PhaedrusFollower

[ENP]

ANZ
Westpac
Commonwealth Bank

Reason, the bank can't go broke.

[fungus pudding]

ANZ
Westpac
Commonwealth Bank

Reason, the bank can't go broke.

Why not? Anything at all can go broke.

[POSSUM THE CAT]

ANZ CBA MQG Just for th hell of it

[ENP]

Why not? Anything at all can go broke.

Too big to fail. Government will bail them out.

[trackers]

Assuming that the next month will actually see a recovery (huge if, in my opinion)

Share: AVB
Current Price: 0.018
Predicted Price 0.025
Reason: Oversold penny dreadful.. Too cheap for JORC copper resource, any good news will move it well

Share: BLYDA
Current Price: 2.59
Predicted Price 3.00
Reason: Oversold mining services (BP problems causing US onshore/offshore drilling uncertainty, Aus Resources rent tax weighing it down, and people staying away until consolidation is over).

Share: BUL
Current Price: 0.16
Predicted Price 0.20
Reason: Don't, and won't hold... But too cheap at 0.16 for its CSG acreage (even given resources rent tax)

[Stranger_Danger]

The bank can't go broke???

Have you completely missed the last 3 years?

Sure, I take your point - they'll bail the *system* (until the day they can't), but that doesn't guarantee anything for shareholders.

[shasta]

Share: NMN
Current Price: $0.45
Predicted Price: $0.70
Reason: Brazilian Phosphate maiden JORC resource to be completed by mid year

Share: SIP
Current Price: $0.465
Predicted Price: $0.60
Reason: Takeover proposal received (@ $0.60) SP increase for anticipated higher bid coming?

Share: EDE
Current Price: $0.07
Predicted Price: $0.11
Reason: Further Hythane Developments ex India or US, or possible news re spin out of gas related projects

[Enumerate]

Share: PYC
Current Price: 0.08
Predicted Price 0.11
Reason: Oversold

Share: MFNHA
Current Price: 0.15
Predicted Price 0.20
Reason: Oversold

Share: HAP
Current Price: 0.29
Predicted Price 0.35
Reason: Oversold

[wbosher]

Share: PYC
Current Price: 0.08
Predicted Price 0.11
Reason: Oversold

Share: MFNHA
Current Price: 0.15
Predicted Price 0.20
Reason: Oversold

Share: HAP
Current Price: 0.29
Predicted Price 0.35
Reason: Oversold

I think at this time, pretty much everything is oversold. :t_up: I only wish I had the funds to make the most of the rebound. :(

[Hot Rod]

Share: AEJ
Current Price: 0.053
Predicted Price 0.085
Reason: High risk/reward? - Co review underway - GPG shareholder influence

Share: NPX
Current Price: 2.45
Predicted Price 2.75
Reason: Undervalued - rerating will continue when markets recover

Share: QBE
Current Price: 19.62
Predicted Price 23.00
Reason: Undervalued long term growth company

[Aotea]

Share: ESI
Current: 0.026
Predicted: 0.35
Reason: Hold and hoping

Share: KAS
Current: 9
Predicted: 12
Reason: Hold and hoping

Share: EKM
Current: 11
Predicted: 14
reason: Hold and hoping

[STRAT]

Hi PF
Seems to me if you were truely a PF youd be thinkin there is no way to determine which stocks will bounce best until the bottom is in.


and in it aint :(

[PhaedrusFollower]

Hey Stratty,

I agree, TA will tell us when the bottom has arrived, however as everyone is waiting for that bottom, they are still reflecting on where they are going to put their money for the hoped for bounce up...Where's your 3 guesses?

By the way, I guess I should declare mine....

Share: NGE
Current Price: 0.205
Predicted Price 0.24
Reason: start some mining in New Guinea mid june

Share: IDL
Current Price: .335
Predicted Price .37
Reason: Oversold

Share: SIP
Current Price: .50
Predicted Price .60
Reason: Have an offer to be bought out at .60 currently under due diligence.

As we are still falling falling I will take some late comers but no changes :)

Good luck everyone...

[JBmurc]

Share: STX
Current Price: 0.235
Predicted Price 0.31
Reason.Nat Gas prices keep going up,they get good gas shows on current drill,they ann. drill date for CSG,market rebounds

Share: NAV
Current Price: 18c
Predicted Price : 26c
Reason:AUD gold blows through 1500oz,they ann. production grades & oz's predicted cashflows,jnr gold market get market att.

Share:ARD
Current Price: 15.5c
Predicted Price: 22c
Reason: They ann. good drilling results at the gold fields,Market warms to jnr PGM producers esp silver focus very few on ASX,

[STRAT]

Hey Stratty,

...Where's your 3 guesses?

...Dont see how I can even make an educated guess here PF. For one thing the 25th aint that far away. Its on the cards we wont see a bounce by then.

Must say though BUL is looking attractive. If it drops a few more cents I could be tempted :blush:

[evilroyrule]

yep me too. i got a BUY in at 12. well see.

[STRAT]

yep me too. i got a BUY in at 12. well see.Hi Roy.
Not today I would think.

Actually Im a bit confused. World markets all down again last night and most of my ASX watch list is in the blue :confused:

[evilroyrule]

no. my 12 is looking highly unlikely. im all blue today too. my watch list is over 30 (if onyl!) and thats mixed bag. only hold three stocks these days though. not sure what that says either. could be their bottom found, or people now just used to the bad news and not so hurried to sell on the back of it. interesting times

[Jay]

DOW - Downer EDI Limited is looking attractive today, was trading above $9 less than 6 months ago, got some today for $4.25.

AA

I was looking at them as well.
Looks like they are at or near the bottom, and with the big white candle on Friday, thought it could be a goer, but went further down today last time I looked, so trying head Mr P's advice and not buy a share going down! may wait and see what the Dow (US index) does overnight

[Jay]

Appreciate your comments and graphs and would agree with you AA

I was also looking at the reisitence/Support (as noted on your top chart) as well - at around 4.10- which it has seemed to bounce off.
I note the DOW and SP500 both down overnight so we shall see, although yesteray it did the opposite - go figure