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AAX - Ausenco Limited

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hmmm said:
Me too! i exited at $2.12 recently expecting a sub $2.00 dip to buy back in, was away and didn't get to see the low $2.XX, not sure i would've bought though.
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Now, if you had a plan, you wouldn't do that

There may be more to this 5 waves up, then A-B-C correction
 

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5min said:
Purely looking at charts, it'll hit its short term high between 2.3 & 2.5. It may break through IF index goes up steadily throughout the US earning season and that MAY turn the trend.
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Update on my observation: The new wave started on Friday and I think this round it may go up to as much as 2.8 should nothing too bad happen at the macro level.
 
Have been looking at this stock for a while. Was wondering if anyone on this forum has any thought towards this stock.

In my view the future looks positive with recent contract wins an a project net profit of 35m and 45m in 2011 and 2012.

Thoughts?
 
Can't speak fundamentally but technically the base that has formed is showing recent price resistance as support. Will it continue to hold though?
 
Todays positive news allowed aax to break resistance hopefully short term target of $4 can be reached.
 
Looks like a "bought on the expectation leading up to sold on the fact, today"... at least until interested investors come along.
 
A number of "broking houses" (Bell Potter, JP Morgan, Morningstar etc etc) are rating this a strong buy at the moment, unfortunately for holders like me the market is ignoring their advice.
 
I look @ the chart grimace & want to sell but then I look @ the broker recommendations & healthy dividends ------ I'm still holding but if it dives below $3 as the chart suggests I won't be happy :frown:
 
Arghh! & Guppys Trading tactics is proven right once again Dropped like a stone to 2.85 today (so far) - the wise thing would have been a stop loss, guess I may be hanging on for months for a dividend driven recovery now.
 
Speaking of drillers. This one has decent positive exposure to weakness in the AU$.
May be a good one despite the short term trends.
On the weekly it's doing almost an arrow straight line since 2008 and is well oversold with a fractionally bullish divergence.
 
I'm thinking of putting a bit of spare money into this one, I think that their extensive customer base in India isn't going to go away, and long-term this could offer an excellent return, especially if it goes back to its (unlikely) highs of ~$16. Obviously not recommending it to anyone, but just saying what I think. With the recent attacks on them from the environmental sector the price is down, but as soon as the Greenies find something else to complain about this is going to see some growth. Just my
 
AAX - Worst seems to be over in this stock. A close above the resistance level of 2.265 will be very positive and will see 2.660-2.750 levels soon.
 
Country Lad said:
Oh dear, all those nice words in their verbose announcement trying to give a positive spin didn't fool anybody.

Down 33% as I write.

Cheers
Country Lad
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They've read some research that only the first third of a page is read on most online publications... and they are hoping that'd be the case for their profit warning as well.

They managed to drag the whole sector down yet again. I am just surprised that someone like CDD isn't sold off.
 
TIME for celebration without any posting on this thread for about two years.
Any one still keeps interest on AAX ?
Thanks
 
Another billion dollar mining company reduced to chump change. Anyone got some intel on their business? Might be worth a gamble!
 
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