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Maybe moses was right with his flagpole prediction, glad I bought in yesterday ....a 20% rise on no announcements all very nice,Thanks Mick for the good work
AZS - Azure Minerals
- Thread starter sydneysider
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Agreed, Thanks Mick ................ I picked up a handful late this arvo purely based on the momentum .......... I'm already at break even so gotta be happy with that ................ Have read the whole story on their website and it all looks very interesting thats for sure ............ If the momentum continues I'll certainly be looking to add some more ........... Thanks again Mick for the "heads up"
http://www.azureminerals.com.au/
well quite a spectacular run this afternoon, I would just like to remind people that AZS has doubled in the last month so be careful not to chase this one up too hard too early.
the long term fundamentals of the company are great and I expect plenty of spectacular drilling results over time, but I don't want to see people get burnt shorter term, please exercise caution and plan your entry point
I was lucky enough to get in at an average of 16.5c and still hold, but once again exercise caution.
the long term fundamentals of the company are great and I expect plenty of spectacular drilling results over time, but I don't want to see people get burnt shorter term, please exercise caution and plan your entry point
I was lucky enough to get in at an average of 16.5c and still hold, but once again exercise caution.
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Hi Mick, That is good advice for all ............. I for one go in with my eyes wide open ............ If it bombs, no-one can be blaming your good self .......... I like the story behind this one, but no illusions from me ........... It may keep rising .... It might just as easy fall on profit taking (I suspect the former considering the price action this arvo !!), but your words of warning are well spoken .................... Everyone needs to do their own "thinking" in the final wash up, and if things go sour, we can only "blame" ourselves ........... Taking responsibility for our trading decisions is an important part of the whole process of becoming "better equipped" imo .......... In saying that however, this one is looking good to me
Cheers.Hi Mick... with sooo many announcements due then where can the price go?? Is 50c+ in the short term out of the question? I have read on other sites people saying it will fly past 30c but what do u or others think in the very short term ie 2-4weeks? Thanks in advance! Brinks
hi brinks, don't like giving price targets it has a habbit of coming back to bite you on the bum. Looks like alot of momentum late today if Wall Street firms tonight it may run again in the morning, I guess alot of where the share price ends up will depend on how the market reacts to the announcements when they come.
Hello to Moses and Juw 177 and other AZS fans. I've been following this stock and forum since the original SPECTACULAR breakout to 20 cents. The volume at day end and breakout to close at 23.5 cents suggests to me that someone that knows about some good forthcoming results anticipates higher prices soon. I'm interested in a chartist's analysis of the current position on the chart with a close on day's high. Based on previous share price in January-May 2004, would you expect serious resistence to occur at 26 cents? I think all- time high was 37 cents. What do technical indicators on this break-out give for short term targets? I like the fundamentals of this company, but I also believe a chart frequently gives indications of factors involved in share price increases which are not always available to the common shareholder. My charting skills require a lot of fine tuning before I can trust them more than my fundamental analysis. While I will greatly appreciate a reply from any chartist with some experience, I will, as should anyone who calls himself a trader or investor, make my own decisions before investing, and shall take full responsability for any loss resulting from my investments.
Cheers, Idaho
Cheers, Idaho
Hi Mick, That is good advice for all ............. I for one go in with my eyes wide open ............ If it bombs, no-one can be blaming your good self .......... I like the story behind this one, but no illusions from me ........... It may keep rising .... It might just as easy fall on profit taking (I suspect the former considering the price action this arvo !!), but your words of warning are well spoken .................... Everyone needs to do their own "thinking" in the final wash up, and if things go sour, we can only "blame" ourselves ........... Taking responsibility for our trading decisions is an important part of the whole process of becoming "better equipped" imo .......... In saying that however, this one is looking good to me
Thanks for the words of caution guys. And Mick, thanks for sharing your research. The run today was probably due to so many pending anouncements. That said, I am hoping the number of sellers will dry up even more tomorrow. Which would push the SP up again. We'll have to wait and see.
Hah, that is one behemoth ramp, lol. Did they back their claims with any substance?
I somehow doubt they did...No they just wrote dont sell! The positive for this share is that atm only 112mill shares on issue and considering 40mill traded in 1 day u would think it could move up alot on good news?!?! So is $1 really that impossible in the short term if deposits found are fantastic?
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Mate, I bet they didn't back that up with any tech or fund analysis.
Of course $1 is possible with this stock based on fundamentals.
Hell.. $10+ is possible if they get to production and sell everything which they dig up.
The problem is the timeline. Anybody can give a price target, but nobody can say for sure when the SP will reach that target.
Personally, I can't see AZS becoming a $1 company i.e $100million MC company until we are within 3 years of mining, which I don't think we are yet.
I stand to be corrected though.
They couldn't possibly have backed such claims with any substance because the company hasn't proven anything substantial enough to justify such brainless ramping as is frequently performed on every thread on HP. Over 50% of some posts on threads there are a combination of ramping and mutual verbal abuse. On this more civilized site I'm hoping to exchange some mutualy beneficial insights to stock price movements. Any chart specialists awake tonight?
Ive got no idea but if what is in the ground is fantastic then why not? Take for example IMA... they ran up alot late last yr. They have a market cap of 177mill... they arent producing but have deposits so then if AZS has massive grades and deposits $1 shoud be easy???
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Personally, I think drilling can only put so much onto the value on a company.
There are so many further stages that will move the SP: PFS, BFS, Foreign listing building the mine, production.
You may have noticed that with some companies' drilling announcements/resource upgrades, a lot of the time the SP doesn't even move.
Azure has too many exciting projects to be ignored by the market.
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Ahhh..that would be easy money for us investors if that were the case. There's soooo many other factors:
This may help:
http://www.dailyreckoning.co.uk/article/28032006.html
looks like AZS is gonna have a strong opening this morning, sell orders have been pulled out, and buyers r building up strongly, and no signs of any cappers. now js hope for a positive annoucement be4 ppl start to dump them.