ADY - Admiralty Resources

nizar · 29 June 2007

rub92me said:
Great price action today for ADY - closing near the high of the day at an all time high close price on decent volume. Next week will be interesting: this should attract some more 'breakout traders' now to give it a further boost.

Yeh like me.
I'll be buying the opening price on Monday.

Looks like a goer to me. Look at the 5yr daily chart.

rub92me · 3 July 2007

Bit of a false start yesterday with a quick jump up and then a dump of about 2 million shares at 28 cents just when it started to take off, which completely took the wind out of it. Buyers lining up again this morning, so looks like it will start with another gap up today. Let's hope the big players hold their sell bids a bit longer today...

barney · 6 July 2007

Chart on ADY suggests the consolidation period might be ready for another leg up ................ About 5 million share traded already today, and a lot of buyers happy to jump the queue to buy at the higher price ............. Should be interesting over the next couple of days.

j4mesa · 6 July 2007

yes it is good to see that the consolidation does not breach the support,which i think around 24.5-25 c mark. Also it stays the 26-28 mark this couple of days.....

barney · 11 July 2007

nizar said:
Yeh like me.
I'll be buying the opening price on Monday.

Looks like a goer to me. Look at the 5yr daily chart.

Hope you ended up getting on this one N............

Certainly been going gangbusters .......... Great long term story unfolding with this one (as well as being a good trading stock) .......... When the Lithium finally comes on stream, todays sp could seem very good value imo ........

nizar · 11 July 2007

barney said:
Hope you ended up getting on this one N............

Certainly been going gangbusters .......... Great long term story unfolding with this one (as well as being a good trading stock) .......... When the Lithium finally comes on stream, todays sp could seem very good value imo ........

Hi Barney.

Yes i did buy on the monday paid .285 for them so was sitting in the red for a bit.

But these longterm bluesky breaks are usually goers for me.
28.5/29 was a bit of resistance so when it closed above it on monday i got the signal to pyramid into this winner at .305 on yesterdays open but didnt do so (capital restraints).

If i can, i will pyramid into this winner as it progresses.

But imminently, i see a pullback on the cards, should find support at 28/29c the previous highs from last week.

barney · 11 July 2007

nizar said:
Hi Barney.

Yes i did buy on the monday paid .285 for them so was sitting in the red for a bit.

But these longterm bluesky breaks are usually goers for me.
28.5/29 was a bit of resistance so when it closed above it on monday i got the signal to pyramid into this winner at .305 on yesterdays open but didnt do so (capital restraints).

If i can, i will pyramid into this winner as it progresses.

But imminently, i see a pullback on the cards, should find support at 28/29c the previous highs from last week.

Pleased you got on Niz,............. I agree it should theoretically have a period of consolidation after such a strong run. It will be interesting how far it does pullback to .......... The fundamentals on this Co. are excellent, and it just seems to be going from strength to strength atm ........... I guess it will depend on how many of the trades going through are from potential longer term holders, and how many are just trading the stock ......... High volumes, so you'd expect a lot of that to be traders ........... then again maybe the traders might realise what they might be sitting on in a couple of years

sanish · 11 July 2007

Clever of PT to put out a claytons announcement to avoid a speeding ticket

Strong volumes over last few weeks indicates solid distribution to entice new shareholders onboard and establsih new support levels. Of course this has been going on in ADY for several years.

The future and the plan is all falling into place, it is nice to see and does wonders for ones confidence levels going forward.

rub92me · 12 July 2007

Looks like the pullback is not as 'imminent' as thought. Looking good for another record close today. Very clever 'management' of the announcements again by the MD. The pullback when it comes should hold above 30 cents for a while looking at the volume that has gone through in the past 3 days

vvguru · 13 July 2007

Great ann in a row, very low phosphorous, which is terrific for Chinese steel makers. We should be able to see it shoot out .45 by today.

nizar · 13 July 2007

Sitting at extreme overbought, RSI sitting on about 90.
Looks like time for a breather.

The (short term) top is probably in at 45c.

j4mesa · 13 July 2007

arrgh.....i took profit @ 0.33 ,
I actually put it on the the competition......but took profit too early...........

Lachlan6 · 13 July 2007

Tend to agree Nizar. I have scaled into this one at 23.5c and then 30c so watching closely. New support will probably come in the form of gap refill support around 39c. Will watch the volume on the retracement very carefully as it needs to be small.

nizar · 13 July 2007

Lachlan6 said:
Tend to agree Nizar. I have scaled into this one at 23.5c and then 30c so watching closely. New support will probably come in the form of gap refill support around 39c. Will watch the volume on the retracement very carefully as it needs to be small.

Hi Lachlan.

I thought the run was exhausted by Wednesday to be honest so i expected 34.5c the top and retrace to maybe 29-30c.

Obviously thats a bit too much of a pullback now given 45c was the top. So yeh i agree and would suspect it to hold at 38c.

Blow off like today expect large volumes and t+3ers exit, also its a friday, generally a weak day for the market.

But yes if monday tuesday sees red, much lower volumes (sub 10mil) would be bullish.

Im holding since .285. Havent pyramided into it since there have been no pullbacks.

rub92me · 23 July 2007

Trading halt pending JORC upgrade for Rincon Salar. This is what they said last November:
"A new JORC study of reserves will be completed now that the porosity is known to be more than three times higher than previously estimated, inferring a much larger resource than previously thought."
Will be interesting to see how much larger!

Bushman · 23 July 2007

rub92me said:
Trading halt pending JORC upgrade for Rincon Salar. This is what they said last November:
"A new JORC study of reserves will be completed now that the porosity is known to be more than three times higher than previously estimated, inferring a much larger resource than previously thought."
Will be interesting to see how much larger!

Announcement is out - a 5.5 times increase in lithium to 1,403 tonnes. That is a positive announcement if ever I saw one!!

Quixis · 23 July 2007

j4mesa said:
arrgh.....i took profit @ 0.33 ,
.but took profit too early...

You can never take a profit too early. Like you can never pay too much tax. If you follow me.

I'd gladly pay $30 mill tax a year.

kerosam · 23 July 2007

been kicking myself on this one... sold at $0.14 to buy another

waiting to get in again.

Potato381 · 23 July 2007

So did I, I sold at .21 to get into FWL - not a bad choice really but I'm back in and holding..... really wish I had gotten back in when she started running but you live and learn.

rapidex · 23 July 2007

Yep - me too. Sold at 26.5c - looking for retracement to 20c

In at 11c though, but always the hindsight gets me.

Always another one around the corner though I suppose

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