More likely is that Merillls is acting as custodian/prime broker for some other institution or fund manger.
ADY - Admiralty Resources
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More likely is that Merillls is acting as custodian/prime broker for some other institution or fund manger.
rub92me
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Retreat yesterday was on relatively low volume, but generally I agree with you. Look what happened in August, with ADY diving with the rest of the market. I got lucky and managed to get some more at 20 cents, but even if you would have bought at 30-35 cents you would be sitting pretty now. If prices were to get hammered that low again then I would consider buying a bit more if I have the cash.
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so much for finding strength at 50c its back at 45c. When will there be more news about the demerger such as expected price for new entity again?
rub92me
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Guidance provided by ADY was that the valuation would be a complex exercise and would be completed after Christmas. Demerger is planned for February/March next year. So unlikely to hear anything more on this this year I'm afraid, unless they give us an unexpected Christmas present by completing it earlier than planned
:ADY should have an announcement soon about its Bulman new anomalies. They said in October that it should be out in 4 to 6 weeks time. It is about the 3 new Pb Zn anomalies they discovered.
Anyone knows any other announcement due soon? When will they be about due to release?
Anyone knows any other announcement due soon? When will they be about due to release?
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Anyone think there is any particular reason for the continuous drop in the share price of ADY recently it just seems to lose a few percent everyday
i have noticed that some people on another forum have been suggesting that it seems like someone is selling big to fund their option buying that is due by today!!
i went onto stocknessmonster.com to see volumes being traded and noticed that a lot of the sales in the past week have been large chunks sold without (apparent) care for SP.
it seems that volumes have significantly dropped today which might suggest that this theory about the options seller is true.
i think the rest of the sells have been due to short term traders getting nervous about the drop in SP b/c of US volitality.
to be honest my concern is that ADY is not down a lot compared the measly 5% drop in the XJO. if the DJIA corrects in the next week (once again) and the XJO follows i suspect ADY SP might be in trouble.
ALL theoretical off course????
i went onto stocknessmonster.com to see volumes being traded and noticed that a lot of the sales in the past week have been large chunks sold without (apparent) care for SP.
it seems that volumes have significantly dropped today which might suggest that this theory about the options seller is true.
i think the rest of the sells have been due to short term traders getting nervous about the drop in SP b/c of US volitality.
to be honest my concern is that ADY is not down a lot compared the measly 5% drop in the XJO. if the DJIA corrects in the next week (once again) and the XJO follows i suspect ADY SP might be in trouble.
ALL theoretical off course????
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I am a holder and couldn't see any reason for the downturn in the SP over that period. Nikki may have been onto something. I haven't heard any other explanations!
Anyway, whatever the reason, ADY has surged over the last couple of days and closed at 50c today. Back in a strong position. Will be interesting to see what happens tomorrow and through the rest of the week.
I guess we might be getting close to some more news on the lithium and iron ore company split. Anyone know if one of the key dates is coming up soon?
Good luck to all fellow ADY-ers!
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Well, I am very happy with ADY today and it marks my 60th trade since the beginning of 2005. Sad to say I am all out now. I get these stupid emotional attachments to stocks, but ADY has been one of my best all time friends.
Farewell dear friend, see you again if you come back to $0.43 or better.
Good luck long termers!
Farewell dear friend, see you again if you come back to $0.43 or better.
Good luck long termers!
rub92me
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Sorry, but that theory doesn't make any logical sense to me. Why would you be selling in a thin market, therefore bringing down the share price if you have options to convert that will be worth less as a result of that??
Sorry to see you go as a holder roland; I think it is worth holding to at least the demerger details are clear. Personally I'll hold beyond that, but may sell some of the post merger iron ore ADY shares to convert to the Lithium shares. All depends on how they split it.
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The demerger worries me, I've struggled through a few of my holdings with unknowns such as this and generally haven't fared too well. Anyway, I've been out before ... and most likely I'll be back again.
Options expired at the end of november. i.e. someone with lots of shares was selling at whatever cost because they had to finance the purchase of their options at 0.1 or loose the right to buy them.
I am not so sure of this theory (mostly discussed on TopStocks by people who probably wanted the theory to work for them) either because it is speculation but having had a look at the trades in the past few weeks there were some huge volume sells at every opportunity!!! Also, the real pick up in SP happened this week even though the XJO had reversed trend sometime last week.
So!!! I am glad to be out of the 0.4 price bracket and looking forward to 0.6's
Roland, if you have been with ADY for this long surely the candlestick pattern of the stock should support the idea of holding it for another couple of days while the day traders hike the SP for you to sell at its highs!!!
I am sure you will be back - once you have got addicted to its fast pace in good and bad times you cannot let go.
See you back here in a while.
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nikki, I am not so much of a technical trader, candlesticks are something I use when the power goes out
Playing the dips and peaks triples my returns (maybe more - but who's counting) I'm looking for a 5% retrace from today before I'm back. Good luck in welcoming the .60's!
Playing the dips and peaks triples my returns (maybe more - but who's counting) I'm looking for a 5% retrace from today before I'm back. Good luck in welcoming the .60's!
hi everyone,
did a scan few days ago with Ellis Big Money Index & it appears there were 'insto' buyers or lucky investors buying when ADY was 42.5cts.
i think some news round the corner.
rdgs
dummy (sold ADY when they were 14.5cts few months ago)
did a scan few days ago with Ellis Big Money Index & it appears there were 'insto' buyers or lucky investors buying when ADY was 42.5cts.
i think some news round the corner.
rdgs
dummy (sold ADY when they were 14.5cts few months ago)
i use the software IC Investor... it has a number of indicators & one of them is call EMBI. Apparently, it picks up any big money in a stock if there's one. i'm not sure whether that inidcator is in any software. here's the link: http://www.investorcentre.com.au/ICI.html
note: me no aint salesman for the software but IC Investor support team like referrals.
note: me no aint salesman for the software but IC Investor support team like referrals.
what was today about? can anyone tell me what happened?
ADY put out the best announcement i have read for a while and the SP drops by 4% after having gone up to .52
Hmmmmm, they have EIA for the life of the life of the project; confidence in the long-term nature of the project to go out to tender; the plant is operating ahead of schedule, etc., etc.,
Roland - here comes your 0.41 to come back in? See you down there if you still care about ADY after today.
ADY put out the best announcement i have read for a while and the SP drops by 4% after having gone up to .52
Hmmmmm, they have EIA for the life of the life of the project; confidence in the long-term nature of the project to go out to tender; the plant is operating ahead of schedule, etc., etc.,
Roland - here comes your 0.41 to come back in? See you down there if you still care about ADY after today.
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what was today about? can anyone tell me what happened?
ADY put out the best announcement i have read for a while and the SP drops by 4% after having gone up to .52
Hmmmmm, they have EIA for the life of the life of the project; confidence in the long-term nature of the project to go out to tender; the plant is operating ahead of schedule, etc., etc.,
Roland - here comes your 0.41 to come back in? See you down there if you still care about ADY after today.
My guess is that traders that got in on ADY on its last trace back to low 40's sold on todays good news. Thats the only reason i can see for the trace back today - it certainly wasn't due to the good announcment!
Hopefully we are getting rid of all the sellers in the 48-50 range and things might move forward. I really think that once ADY breaks the shackles it may really run as the lithium project is looking great and everything going to plan at present.
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