Looksmart Limited (LKST)

[Ollie]

Very negative here for the DAQ, LOK and the whole sector. I expect the DAQ to bounce off at 1900 and if 1900 dosen't hold then it could go all the way back down to 1800. Money Flow and OBV are both negative on the DAQ.
LOOK finished on the low of the day on high volume and with lots of selling pressure.... http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?ticker=LOOK
Matching price today 14c and I expect it would go there today.

I see what you mean about YHOO. It should bounce back from trending line at around $44 which is a couple of bucks above the 200SMA.

Good luck guys and keep some spare cash to get some bargains soon.....LOK included.

Cheers,
Ollie

[optimist]

You're a good sport Andy. Out licking wounds, etc., but still happy to talk about your TA, I read books, but am still learning from you guys as well. Thanks Ollie and Mission X too. Lok is still hard, I worry when I'm in and I worry when I'm out. At least now I've learnt not to worry so much when I'm out. As people say on here a profit is a profit. You guys were all pretty right with the analysis a few weeks ago. Something along the lines, it would go to 15c, then to 19c. How good were you? It did both those things. Well done!
Thanks.

[andy20020]

Ollie - take a look at YHOO 3 year chart and you'll see. I got burned last night so out on stops and licking wounds - suspect LOOK bounces to either 2.21 or 2.32 IF 1.87 is the bottom next week.

It all depends on the sector and YHOO etc I'll await a major re-entry in a month or so when things look at their worst - if so.

Regards

[Ollie]

Ouch......Those yanks are dumping again.....down almost 20%.... Not looking good at all. I wonder why the mass exit?

[Ollie]

I'm trying to work out why they bought Net Nanny. To me this dosen't fit into their core business at all and it looks more like a deperate measure more than anything else. It's still better than nothing at all but the question is why Net Nanny? Any thoughts on that?

I see there is a bit of interest in Oz today but I prefer to watch for a while.....

[Ollie]

Don't know what to say about this Q report. It all looks good but I was looking for more. The continued loss for the rest of the year is where it hurts. They have 71mill in cash which is great but they expect to have 60mill by the end of next Q.
They will have to grow their bussiness and cut their losses fast in order to gain investor confidence.
This year they expect 9mill from MSN which is still good but once they're gone there will be 9mill less. They have to recoup that from somwhere and do it profitably.
IMO they should make some agressive aqusitions or look for partnerships. I always thought that ASKJ and LOOK would do great together but dosen't look like it's gonna happen.
We'll see how the US reacts tonight and over the next couple of weeks. Good luck and be careful.

Cheers.

[Trade Wise]

Hello, hello to all long time no see...hmmmm!

Well call me a sucker for punishment guys lol....took a position today at 16.5 cents in LOK.

Something is cooking and the lid will be lifted tonight after the close of the US market!

All the best to all those that are holding especially LC you deserve it mate!

[Ollie]

Andy, LC. I decided to jump ship and wait till tomorrow. I know things are looking good for a positive announcement but I was sitting on a too much profit in a very short time to ignore it. If things turn out to be good then I'm sure there will be more opportunities to get back in. Good luck to you guys if holding overnight.

[drarthur]

may also want to consider CMS.

http://www.asx.com.au/asxpdf/20040421/pdf/3lb8rcvf6836s.pdf

there is a lot of promise with this company. I have quite a large holding in CMS. A buy below 5c is good buying

[TOP GUN]

Ditto "well done" I've also been out since it dropped. Looks like I may have to revisit old Lookie, next Smug will be back! (LOL)

I don't want to sound like I'm ramping (OK I am) but I have a bit in MUL who are overdue an ann. When I trade out of that one it should be about the time to get back into LOK unless a T/O comes first in which case good on you all for holding!

TG

[TOP GUN]

LookSmart to Present at Thomas Weisel Partners Internet Conference

SAN FRANCISCO, Apr 27, 2004 /PRNewswire-FirstCall via COMTEX/ -- LookSmart (Nasdaq: LOOK), a leader in search, today announced that chief executive officer Damian Smith and chief financial officer Bill Lonergan will present to the investment community at the Thomas Weisel Partners 2nd Annual Internet Conference, on Tuesday, May 4 at 10:20 a.m. PT. The conference will be held at the Pan Pacific Hotel.

A live and on-demand audio webcast of the presentation will be made available from LookSmart's Investor Relations website at http://www.shareholder.com/looksmart/ .

About LookSmart

LookSmart is a leader in commercial search services and a developer of innovative web search solutions. The Company provides consumers with highly relevant search results through a distribution network that includes LookSmart.com and other top portals and ISPs, while delivering targeted sales leads to online businesses. LookSmart is based in San Francisco, California. For more information, visit www.looksmart.com.

[Mission X]

Well according to L.C this is a picture of Cracka... BUT L.C I can't make out his face...LOL...

P.S.. L.C So Friday morning the big day... Gee mate brings back memories... remember the phone calls mate. By the sound of it you are going to hold... good luck..
Like the Doc I haven't been in Look for quite some time now...
M.x..

[drarthur]

fella's congratulations on holding and profiting LOK. I've been out since it dropped.

[Ollie]

Yes Andy, I think we're working on similar principles. Also the low on 18th of August is 2.61. The second upper point of an upward sloping trading range that I have it goes to $3.00 atm, and rising fast.

[optimist]

Thanks Ollie, Andy. I am out at the moment butwas looking to get back in. I took notice of your 15c Andy and am happy to have made a profit. Still got a little way to go to make up for what I have lost. Not, that I have to get it off Lok but, I've watched and lost, and watched and gained a little and I know that the TA you guys talk about has helped. Really appriciate your thoughts. Thanks. Hey TOP GUN, saw a boat the other day called TOP GUN.

[andy20020]

Ollie - where did your $2.61 come from ??? - is it the upper point of an upward sloping trading range??? If so I suspect we have the same lines on our charts?

Regards

[andy20020]

Agree - I'm planning to trade LOOK quite a few times over the next few days but can't see why $3 is at least attempted.

Regards

[Ollie]

Optimist, I don't think there is anything to worry about the $2.0 gap as it already had an attempt to fill it and failed. The gap is also very small. Next target I see is $2.61 and if we pass that then $3.0 is next.

[Ollie]

Thanx Mission....:)
Yes I am still holding LOK and quite heavily I must add...
There are too many great things happening atm in this industry that LOOK is in and I feel quite comftable. Are you planning to buy some LOK? If so, be careful as at these prices it's getting a bit on the expensive side in terms of risk/reward ratio IMO. I am most certain that we'll reach 3 bucks in US and possible in the next few days, but from there it will all depend on the 29th. If you want to get in, I would try and get in on Monday or else I would wait till after 29th.

Cheers,
Ollie

[optimist]

Andy, Welcome Back. Did you have a great holiday? Hello Ollie and Mission X. All quiet still but I still like this board because i feel comfortable with the people and the variety of stocks spoken about. Andy,Ollie, anyone, there is a LOOK gap in the US around the $2, do you think this will be a worry - for the stock to fill in the short term???? T.A. thoughts????Thanks.

[Mission X]

Nice call Ollie..
Look is choofing along quite nicely..
Good rise again last night I see. Hope you are still hold some.. As for me I'm not holding any dam.. boo hooo..

Have a good weekend Ollie and anyone who is still reading this board...LOL...

[Ollie]

Damn!!! I was planing to take a sicky and not have to turn my PC on.....lol
Nice trading on the DAQ last night and LOOK moved very nicely with it. We should get to 17c in the next few days.

[Mission X]

Thanks Ollie..
Just in case some are wondering..ASX will be trading normally on Monday 26 April,and will be open normal business hours...

Cheers..
M.x...

[Ollie]

Great story on the banks MX. I couldn't put it better myself. Don't own any as I am more of a short to medium term player, but if anyone there with a long term view it certinly pays to look into banks.
Yeah this board seem to have gone dead, and I too hope it will not become a graveyard....lol
Have a good one MX.

[Mission X]

Hi L.C.And ALL. Guys just working my way around the house today doing bits and pieces. I see many of us are not posting any more on this site which I feel is a pity this is a great site to post. I hope it doesn’t become a grave yard.LOL...
I sold all my NAB shares a couple of weeks ago I emailed Hireturn when I sold them because for some unknown reason I managed to fluke the top for this year thus far, bar a couple of cents... Boy is it tanking at the moment, (If I didn’t manage to sell them when I did, I would not have sold them I would have held and just road it out.) down the track (not just yet) they will be a great buy, I think if and when they get around the low $28.50 to $28.00 ish they will be a fantastic buy I don't get fooled by all this crap, Banks are the best cash cows one can even start to think off I will bet you any money you like the big insto. Will wait a day or two then start very quietly load up on them, at rock bottom prices too boot. When they are fully loaded up again, you will start to read in the papers, releases like NAB over sold great buying at these levels... you know the crap you all read from time to time... IMHO NAB is all ready at a price, even if you got them now, paying a fantastic dividend, 5.5% fully franked... So is no brainier to load up on them when you think they have settled down a bit.... I’m totally convinced this is how the big insto. Make there many many millions.

Tip... If we told our sons and daughters from the earliest possible age “don’t put money in the bank”... Buy The Bank. (Bank stock) every time you have some spare money buy the bank... if they followed the advice one thing would be certain… They Would Be Financially Successful...
.For example. Share prices...
NAB (Bank) JAN 1995 =$10.00. NAB JAN 2004 =$30.00 = 300% in 9yrs.
CBA (Bank) JAN 1995= $7.65 CBA JAN2004=$30.50. = over 400% in 9yrs.
All the big banks show the same impressive record...I have not even started to include all the years of compounding dividends, your early bank stocks would be earning 15% every year tax free compounding.. You would have to hire someone just to keep track of your money lol... Don’t get the wrong idea guys I hate banks with a passion, I can’t stand the way they extract money from us so efficiently, but just maybe we should be lining up for our chop as well. I find it so amusing how we have turned something so simple good common sense investing into something so hard. I’m just as guilty as the next guy. But trying hard to get back on track...
At the end of the day, I suppose there more than one road to where we would like to go or end up...
Hope at least most of us if not all find it...

Have a great weekend all.
Mx...

[LookingConfident]

OT Mission ....

Not much doing, I suppose. Those that were 'in' probably suffer from the 'once bitten - twice shy', maybe?

Great win by the LIONS over your team. Did you go? VOSSY !! Brisbane have a 'poor' record on their visits to your peaceful city and (I feel) WILL have to 'nurse' at least a half dozen of their team, to get there once again.

I've 'tipped' Sydney this year. Say 'Hi' to your family from over here!!

:)
LC

[LookingConfident]

<LC, are you still in?>

Ollie .... Yes I am. LOOK has had some incredible exposure in the last month or, two and is being 'discovered' by lots of new faces, I feel. A lot will depend on just how much of MSN involvement within the Q1 figures. I think we will be surprised. I'm hoping!!!!

:)
LC

[Mission X]

T.g.. I have no idea.. where they all are lol..
But some are there.. I'm reg there too but don't post there,,, I think I just don't like the board much..
Maybe some of the regulars have the quiet shits on hahahahahahahaha..



Cheers mate.. good luck with your trading..

[TOP GUN]

Very nice MX is everyone now at sharescene? eom.

[Ollie]

Thanx for your reply Andy. It's looking very strong on the US charts. It traded all night last night above the 200 SMA and closed above it as well. I think there is at least one more run left before we see the retrace. We should see 16.5c-17c in Oz before it retraces a bit. I'm willing to hold a bit longer....:)
I see the retrace down to 14.5c-15c before closing the gap to $3.0 in the US.
LC, are you still in?

[Mission X]

Happy Easter all..

Don't eat to much..

Save some room for drinking..

Get ready to make some of this, after the Easter break..

Mx..

[optimist]

Thanks Andy. Thanks Ollie too. Good Luck. Enjoy your trip, Andy.

[andy20020]

ollie .............................................
this is how I'm playing it ... its all related to YHOO and YHOO has to backfill! So I'm suggesting LOK tops Tues in Oz after LOOK hits $2.60 odd US - watch the US signal and decide from there. I'm taking profits and awaiting LOOK recoil for one more play to $3. I'm travelling at the mo so have to try to second guess it. Don't get too greedy here - take half position out if any doubts to lock in some profits.
Regards

[Ollie]

Andy, nice move in the US overnight. Looks like we took the lead in Oz on Thursday. Don't expect that to be the case next week.
The 200 EMA is broken now and it paused at the 200 SMA.
Where do you see it from here? You think it will brake through the 200 SMA? To me it looks like it wants to.

[andy20020]

optimist - IMO LOK Oz doesn't matter - no gaps with LOOK - tonights the night they follow the market sentiment ... if they PR sometime soon - that'll be a good stop point.
Take a look at PXS 48 or under (medium term), SBP longer term (16 - 16.5 perhaps 17 if it moves - someone appears every now and then and grabs a million - accumulation???) and my old favourite NRT around $6 - $6.40. Holding heaps of MBG for the long term ... just seems a no brainer.

Regards

[optimist]

Andy, Does Lok Need to fill the gap near 10c, or does the volume on the day change that idea, before it goes up again? or where do you think it will need to go.. thoughts???? Thanks. MBG looking better, well done. I'm still watching EDN, and again watched it go down with money in it, but I'm happy to wait there, well done from Oct, when I watched some of the stocks you wrote about, ABI, LKO, you've done well,( and helped me too, to stay in front, thanks.) Still looking and learning with TA,thanks.

[andy20020]

Ollie - I've been watching the SMA mainly, but on review the EMA's are useful after the larger moves - in particular recently - the first target must be the 200EMA.

I'd suggest $2.17 (EMA200) is the next top ??? News ??? as its 1 cent above the previous top - to confirm the continued rally - that would make the interval $1.60 to $2.17 ... then retrace 50% to $1.88 which will be the EMA100 ... then bounce to SMA200 and through to $2.60 odd.

That would give this cycle a five leg up to the top of the range ... then allows for three leg retrace to wherever - depending on news.

All hypothetical of course - just playing with numbers ... lets see.

Regards

[Ollie]

Andy, every time LOOK reached the 200 EMA it came down again. At the moment the EMA sits just above the $2.05 or so. However, if you look at the 200 SMA then it sits much higher than $2.05. The 200 SMA sits around $2.30. Is this the target you're reffering to?

[Ollie]

Thanx Andy. I'm betting on the 200 day MA as well. Do you think it will pass it this time?

[andy20020]

Ollie - LOOK tested the SMA100, I think it takes a day or two to cross it and head for the SMA200 - (trail mental or otherwise stops) and use the SMA100 as your absolute stop. Getting exciting here!
Take a look at SIE (needs to break up soon- otherwise exit!) QRS, CVN(???), MBG, PXS under 50 and SPL around 80 - 84.

Regards

[TOP GUN]

<MUL> http://www.midlandfunds.co.nz/hedge_funds.html
"Over the past few weeks, the value of the Fund has moved up and down within a five percent range. Much of this volatility is due to our largest position, Multiemedia (MUL.ASX), which has had huge swings of up to ten percent in a single day. Although this stock is heavy with short-term traders, I anticipate that in the long run holding this position is the right thing to do, rather than trying to take advantage of the swings. The reason for this is simple – I am still anticipating large moves triggered by either several good announcements in quick succession or when earnings numbers come out that take into account the company’s recent contract wins and activities. I do not want to have anything less but the largest position possible when the big move up comes, and because the moves are so quick it is necessary to stay fully invested. There are many other factors that could give the stock a boost and I feel it is only a matter of time. Multiemedia recently announced that it is buying a North American company to help expand its reach globally and also announced that it will be seeking a NASDAQ listing, which would theoretically bring a new influx of capital and investors to the stock.



On the North American front, I have more than tripled the Fund’s position...



Mike Parsons"

Link supplied by "courage" at ozestock..

Regards
TG and I have a large (for me) position in MUL for whatever that's worth!

[Ollie]

Yeah, I'm long on LOK as well from here, but it's still a risky investment atm. I am a buyer from here on as well, purely on the TA aspects.

Does anyone know what happened with yourprosperity.com.au web site? I used to use their market depth as Etrade's sucks.
Does anyone know of another good site that offers good market depth for free?

[bundyau]

Is QTK being bought or sold?
B

[andy20020]

Ollie .. I saw a report saying LOOK Q report April 29, sometimes they move it a few days. I'm long since 10.5 having traded 9-10 a couple times before. I will buy more on any dip and aim to sell at least a half before the Q report, just in case. Regards.

[Ollie]

Thanx Andy. You seem to pick this stock's near future quite well.
Q'tly report is usually around April. They do tend to surprise the market more often than not as they usually put down on the table the worst that could happen, however the SP usually drops when they report, as it tends to move ahead of itself before the report. Andy, what is your strategy on this stock now? Are you in, are you planning to buy before the report or buy after?
I think that the SP will consolidate around $2.60 before the report and it will be a mystery from there however, hope you're right and it fills the gap all the way to $3.0.

[andy20020]

Hi Ollie .. to reach 15c IMO it'll need positive news, let alone what it needs for 19c LOL. Nope - I'm simply playing this that it does fill the gap in the US and may well try to consilidate near resistance too. All their bad news (hopefully) is in ... and there's a sense that they've turned the corner ... so what we have is a share that's three times cash value, they've restructured their costs down, they're expecting to grow revenue, and they MAY surprise to the topside if the MSN "discretionary" revenue is in anyway significant But you guys all know this better than me. I appreciate that with LOOK, once bitten could well be twice shy. I guess I'm unnemotional about them as I've only ever had a couple of bad trades and was out during the falls ... LOOK/LOK seems to be a text book trader so all I see is a chart that wants to go up and a business that will probably surprise to the upside. Timing??? When is the Q'ly earnings report??? Regards

[optimist]

Andy, Mission x and Ollie. Thank you.

[Ollie]

Andy, 18-19c on LOK, what time frame you put on this. Also, can you give some more details on your TA target? I thought it will test 17-17.5c, but to reach 19c it will need some more +ve news I think.

[andy20020]

opt - nearly forgot bigcharts for ASX is AU:1803349 Regards

[andy20020]

opt ... Re markets ... use bigcharts and $compq for the nas and $indu for dow (write it in your diary LOL)

Re LOK ... I think we bounce to 18 -19c here ... and at least try to fill the gap. It will take alot to get people to believe in LOOK again and there's been muted reaction to what seems to be great FA news of late ... stick a line under the recent RSI on LOOK ... and the Slow Stock is looking good.

NRT ... I'm a believer ... just been fiddling with the holdings otherwise long and strong.

Regards