AAR - Astral Resources

[aaronphetamine]

I don't think it has anything at all to do with commodity prices.

On friday AAR rose 20% and had 40million trades on no news at all. This ofcourse couldnt be sustained today. I'm surpised it closed as high as it did.

I beleive that AAR fluctuates alot due to profit takers and just people reacting. There is obviously alot of people watching AAR, so when the price jumps a bit, more and more people join on, and it spirals up, to a certain point then people start taking profits and it comes to a plataeu near or slightly higher than it originally was at.

Just wait until there is an annoucement come out. Then you will see it jump!

All that aside, I think today fared quite well, unfortunately i wasnt aware of todays actions until I got home not long ago, But i did pick up another parcel at 9.5c today, so im happy.

 

[BUY&SELL]

What is going on with this today, one minute it was in the high 9's and next minute a chunck got bought at 10 and 10.5 cent mark, then it closed at 9.6 cents. The story on this forum regarding the Uranium find and the lower gold grade could make sense with the market on this stock all over the place. The gold traders getting out and the Uranium players getting in. Any one with any other thoughts??
Kind regards
ang

This only my personal view but I've held AAR shares since October ,06 and it's sp has gone through some interesting changes in the way that the stock is traded. October isn't that long ago but then it did not seem to be influenced by gold prices, even general market swings up or down and it was not really traded as a intra day stock. This has now all gone out the window and a variety of trading phenomenons are happening:-

1. Big time day traders have moved in, esp. today. Trades for example- 2,556,777 shares bought, 1 min later 2,556,777 up for sale at 5% higher. Did anyone witness this today, not even any attempt to hide this. When this is happening at a large scale the market finds it hard to move the stock in a genuine trend up or down.

2. The stock is still finding its feet. It has been re-rated but the market is not sure if it's under or over 10c. 10 cents is a notoriously differcult time for stocks. eg. 0.095, 0.096, 0.097, 0.098, 0.099 = low % move between prices. 0.10, 0.105, 0.11, 0.115 = higher % movement creating a sudden high price spike.

3. Is news coming? is it good or bad news? has AAR got RMS style grades? does AAR have uranium? is BUY&SELL just talking out of his a**?
Lot's of uncertainty and unanswered questions will just give up an up and down sp.

AAR is just all over the place for all these reasons. But I do think when it gets over 12c the market will not let it retreat below 10c again, for the same reasons as above but just the other way around. AAR is on it's way to becoming a more sophisticated stock with this will come a more perceptible sp. Until we get news it's anyone guess. Just hold tight. (my plan is to keep until about sep/oct- (i have my reasons but will not go into now)

 

[Ang]

This only my personal view but I've held AAR shares since October ,06 and it's sp has gone through some interesting changes in the way that the stock is traded. October isn't that long ago but then it did not seem to be influenced by gold prices, even general market swings up or down and it was not really traded as a intra day stock. This has now all gone out the window and a variety of trading phenomenons are happening:-

1. Big time day traders have moved in, esp. today. Trades for example- 2,556,777 shares bought, 1 min later 2,556,777 up for sale at 5% higher. Did anyone witness this today, not even any attempt to hide this. When this is happening at a large scale the market finds it hard to move the stock in a genuine trend up or down.

2. The stock is still finding its feet. It has been re-rated but the market is not sure if it's under or over 10c. 10 cents is a notoriously differcult time for stocks. eg. 0.095, 0.096, 0.097, 0.098, 0.099 = low % move between prices. 0.10, 0.105, 0.11, 0.115 = higher % movement creating a sudden high price spike.

3. Is news coming? is it good or bad news? has AAR got RMS style grades? does AAR have uranium? is BUY&SELL just talking out of his a**?
Lot's of uncertainty and unanswered questions will just give up an up and down sp.

AAR is just all over the place for all these reasons. But I do think when it gets over 12c the market will not let it retreat below 10c again, for the same reasons as above but just the other way around. AAR is on it's way to becoming a more sophisticated stock with this will come a more perceptible sp. Until we get news it's anyone guess. Just hold tight. (my plan is to keep until about sep/oct- (i have my reasons but will not go into now)

Good point, I just realise after doing my scans that there is a 8% to 10% Average True Range, within 14 days. As shown on the attached graph it shows a movement of 0.009 cents within a 21 trading period. Having said all that I agree with what you say regarding this stock a good medium term to long term hold.
kind regards
ang

 

[BUY&SELL]

If you did not see AAR's last activities report which coverd:-
" consequently the area may have potential for uranium mineralisation with the palaeodrainage system. A followup program to investigate the uranium potential is planned for the June quarter"

I belive this program is more advanced than the April report suggests.

It can be found at
http://www.asx.com.au/asxpdf/20070424/pdf/312339rbv4vd04.pdf

page 6 - Dalgaranga project-WA

The uranium story coming out of AAR is to me just a bonus to what I belive is a gem of a stock.

 

[Ang]

This only my personal view but I've held AAR shares since October ,06 and it's sp has gone through some interesting changes in the way that the stock is traded. October isn't that long ago but then it did not seem to be influenced by gold prices, even general market swings up or down and it was not really traded as a intra day stock. This has now all gone out the window and a variety of trading phenomenons are happening:-

1. Big time day traders have moved in, esp. today. Trades for example- 2,556,777 shares bought, 1 min later 2,556,777 up for sale at 5% higher. Did anyone witness this today, not even any attempt to hide this. When this is happening at a large scale the market finds it hard to move the stock in a genuine trend up or down.

2. The stock is still finding its feet. It has been re-rated but the market is not sure if it's under or over 10c. 10 cents is a notoriously differcult time for stocks. eg. 0.095, 0.096, 0.097, 0.098, 0.099 = low % move between prices. 0.10, 0.105, 0.11, 0.115 = higher % movement creating a sudden high price spike.

3. Is news coming? is it good or bad news? has AAR got RMS style grades? does AAR have uranium? is BUY&SELL just talking out of his a**?
Lot's of uncertainty and unanswered questions will just give up an up and down sp.

AAR is just all over the place for all these reasons. But I do think when it gets over 12c the market will not let it retreat below 10c again, for the same reasons as above but just the other way around. AAR is on it's way to becoming a more sophisticated stock with this will come a more perceptible sp. Until we get news it's anyone guess. Just hold tight. (my plan is to keep until about sep/oct- (i have my reasons but will not go into now)

Where is the announcement??. It seems it is doing another cycle 8.2 to 10.5 cents. Not sure it will go as low as 8.3 cents this time, I would say based on today's movement it will go to the low 9's or high 8's before testing the 10.5 cents once again.
kind reg
ang

 

[henry vanderhave]

t esting to see if ive got the geo on loading a message . following this stock. holding at moment.potentially explosive share.am holding five similar low priced stocks.im impatient. Im like the monkey clutching sinbads shoulder as he crosses the river,nothing going to dislodge me till major movement in sp.this is my single largest holding and i believe its going to sing.been trading for several years on the side .first post ,basic computerskill, but ill get the hang of it. my thred name is ,harry the horse,but havent worked out how to get it up top .be gentleand i will respond.
remember----lifes great in paris in the summer time

 

[vert]

looks to be heading back up to 0.10 after bouncing 0.089 earlier today. hopefully this time it can break 0.105 and stay above 0.10

 

[UPKA]

looks to be heading back up to 0.10 after bouncing 0.089 earlier today. hopefully this time it can break 0.105 and stay above 0.10

almost impossible to break teh 10c mark unless something positive come out of the ann soon, 3m sell order in place, thicker than a bunker wall.

 

[UPKA]

almost impossible to break teh 10c mark unless something positive come out of the ann soon, 3m sell order in place, thicker than a bunker wall.

i spoke too soon, shame on me... wats happening, feels like a roller coaster ride.. buying interests building up like crazy, this stock is on speed!

 

[vert]

hmmmm well that bunker wall just got blown out of existance in one hit , how many more bombs are in store for the rest of the lines stacked up?

 

[Ruprect]

a repeat of last friday perhaps? im watching very closely to see if a big lot get dumped at once like happened then.

One thing that does happen here, is the buy orders, a few cents out of the sp, for a million or more shares. They come and go very quickly. Artificial support.

It has been played with for some time, i cant say if thats the case today. All i know is that one day it should break into the teens...

 

[aaronphetamine]

Hahah yeah your right.. another unsuspecting jump.. I bailed at 10c this time.. Will re buy when it goes under 10c again.. It seems like its hitting alot or resistance on the 10.5c barrier atm.. which is to be expected.

I agree also that AAR cant really sustain much higher than 10.5c without an ann.. but what a great stock.. glad I could get home early today and by chance witness this!

 

[UPKA]

ok, that price spike lasted less than 10mins. i think everyone is expecting an ann real soon, thats why when a large order goes thru, ppl would think that the ann has prob been leaked, which leads to the buying frenzy. i have a feeling an ann will be made sometime this mth since the MD mentioned that an ann will be made be4 the quaterly report, which should be out in july.

 

[Ruprect]

I dont know if anyone saw that, but a buy order of 2 million shares came in at 4.04pm, at 10c. Withdrew the buy at 4.07pm. I call that funny buggers.

 

[UPKA]

I dont know if anyone saw that, but a buy order of 2 million shares came in at 4.04pm, at 10c. Withdrew the buy at 4.07pm. I call that funny buggers.

yeah i saw that too, i was thinking dont tell me the ann is gonna come out after the market is closed! cos i didn't get a chance to re-enter yet!

 

[aaronphetamine]

Hahah yeah same thoughts flowed through my head as well UPKA.. I'm now hoping the SP comes back down to the mid to low 9's which I think it will do, like it has done every other time. It closed back down at 9.8c which is part of the way back.

My opinion of tomorrows version of events is that, just like earlier in this week, tomorrow will reach a high, higher than the opening price but then close down.. Say the high is 10.5.. might close at about 9.4-9.7c, and then its a long weekend for the australian markets.

 

[henry vanderhave]

0.10 at 4pm gotta love it. around 4million on sell at 10.50cents. that could get rolled over very rapidly the way its going. maybe not tomorrow ,but soon.iwant to buy new house out of this one.missed several by exiting too soon in other shares hope not to repeat mistake.this ones feels go ooood oh yeah . and remember , dont forget------that paris is great in the summer time

 

[BUY&SELL]

oK lets take bets when it breaks 10.5 and hits 11c. I'll be first and put my neck out and say tomorrow(fri 8th). If you take the emotion out of the stock and forget announcements, it is just begging to break 10.5 and it's getting tight at the top. Friday last day before long weekend and I think US market will pick up tonight and give us a good lead in the morning. Hence a good start and will hit 10c in first hour. Only 1.6 mill before 10.5.

I still think the big move will not come until sep/oct, but it's still fun to watch.

 

[Purd2]

0.10 at 4pm gotta love it. around 4million on sell at 10.50cents. that could get rolled over very rapidly the way its going. maybe not tomorrow ,but soon.iwant to buy new house out of this one.missed several by exiting too soon in other shares hope not to repeat mistake.this ones feels go ooood oh yeah . and remember , dont forget------that paris is great in the summer time

Harry The Horse!!!! Love it. I read all Damon Runyons stories at boarding school. Got into trouble for laughing so loud in the dorm! I have 4 or 5 of his books in the cupboard! Cheers Purdy

 

[aaronphetamine]

Ok BUY&SELL ill take on that bet a friendly bet ofcourse, and ill say that AAR surpases 10c max's at 10.5c like today and then slips back to about 9.7c by close, maybe even a bit lower

But either way, for the mnth of june.. lets just say im glad i took AAR in the ASF mnthly stock tip bets!

In my eyes, this break is nothing differnet to the last 4 or 5 its had to the 10 and 10.5c marks in the last mnth.