AEX - Acclaim Exploration

[CanOz]

Yeah, it just amazes me how it can go like this without an annoucement. Lots of sellers to get through at .059 and .06. but certainly the highest volume since April.

 

[michael_selway]

Yeah, it just amazes me how it can go like this without an annoucement. Lots of sellers to get through at .059 and .06. but certainly the highest volume since April.

yeah also there was a speeding ticket, in which they said thre was nothing, and AEX shoudl fall...but then up huge again!

Ignoring the speeding ticket warning!

thx

MS

 

[Sean K]

Thanks for that summary MS. Looks pretty good doesn't it, even without potential upgrade with increased exploration in the area.

I agree, surprised that it didn't drop back after 'no news' response to ticket. Interesting. Perhaps the day traders are just jumping on for a short ride?

 

[MoMoney]

Definately traders in here, but the trading pattern suggests something bigger, when a big enough line up of sellers appears at whatever price, whack, all gone real quick. I'm thinking that there is a leak and there are some big boys taking a position. This type of trading is catching alot of T3's out, sell to soon and then have to chase for the next entry. FUN

 

[Sean K]

Definately traders in here, but the trading pattern suggests something bigger, when a big enough line up of sellers appears at whatever price, whack, all gone real quick. I'm thinking that there is a leak and there are some big boys taking a position. This type of trading is catching alot of T3's out, sell to soon and then have to chase for the next entry. FUN

What's T3s Mo?

AEX holding up well on good vol early again. Some trades above critical $0.06 level, but not holding above, as expected. Needs news now to clear the hurdle.

 

[MoMoney]

Traders who use their brokers three day grace period prior to settlement of accounts to trade for no immediate outlay..sort of trading on credit


yep this now needs news and quickly or traders will get bored and sell down. Support at 5.4-5.6c would be mighty!
if the grades prove up and or are upgraded, well, this will go ballistic! IMO

 

[cogidubnus]

I bought these today. They have an announcement coming out and also the T-3 people have excited. This should do well I think.

 

[nizar]

Yeah, it just amazes me how it can go like this without an annoucement.

But isnt that how it is?
Buy the rumour - sell the fact
(or in some cases, buy the rumour and buy the fact! like AGS)

 

[dj_420]

hey nizar, just wondering if you knew about these questions

in regards to AEX options how do you know if you are buying buys or sells (puts and what is the other one?) i was looking at the options today but they only trade AEXO.

Say i bought these AEXO how do i convert to shares and in what timeframe do i have to do it or allowed to do it. where does it tell me the strike price for AEXO options.

cheers

 

[dj_420]

ive started reading over the options thread, it is very confusing
a lot of learning involved in options.

i think i prefer the idea of CFD's. much simpler and easier to understand.

 

[Sean K]

Thanks for that summary MS. Looks pretty good doesn't it, even without potential upgrade with increased exploration in the area.

I agree, surprised that it didn't drop back after 'no news' response to ticket. Interesting. Perhaps the day traders are just jumping on for a short ride?

As expected, no news and down she goes. Hopefully consolidates around $0.054 to set a new base above $0.05 which was previous resistance. But who knows with these speccies.....

 

[cogidubnus]

I have been sucked in and have lost a lot of money so far. I will have to right these off as a loss and move on.

 

[Sean K]

I have been sucked in and have lost a lot of money so far. I will have to right these off as a loss and move on.

Did you buy at the peak Cog? At $0.06? Otherwise you couldn't have lost that much....Well, depends how much you put out there.

Looks like it was just day traders jumping on this. Vol dropped over last 2 days. They still are due another ann soon on drilling at DD. Will be end of month I reckon. I pluck 29 Sep. Maybe 28th. Expect some more action here.

I am not trading this one. I saw the potential a while ago and am holding for revised JORC on DD which I am expecting to be the same as previous.

Since previous price gains there should be some short term support between $0.048 and $0.051.

 

[IGO4IT]

I have been sucked in and have lost a lot of money so far. I will have to right these off as a loss and move on.

In these circumstance, you should've stayed very calm & waited for a re-test to highs.

remember, this is not a blue chip stock, it will have to retest highs for many reasons & most importantly for guys like you who got stuck on highs to get out!! you were not there alone & many "big" buyers are still stuck.

Technically, if it broke 5.3c support (for short term trend) it will see another support at 5.1c again (which is the 2 weeks trend line).

Not a holder but watching carefully for a chance to hop on & to get ready for the re-test

cheers,

 

[Morgan]

Kennas, IGO,

Do the candlesticks for the last two tradin days indicate that Cog should not take any dramatic action just yet?
On the posted chart, the gravestone Doji and second doji, to my understanding, indicate that there is now uncertainty in the future trend (ie nothing yet to indicate that Cog's worrying downtrend is accelerating). The Doji should indicate a possible turning point, or at least indecision by the market- backed up by the fact that volume has dropped right off.
The market is waiting for a signal? (the possible upcoming announcement suggested by Kennas?).

 

[Sean K]

Kennas, IGO,Do the candlesticks for the last two tradin days indicate that Cog should not take any dramatic action just yet?
On the posted chart, the gravestone Doji and second doji, to my understanding, indicate that there is now uncertainty in the future trend (ie nothing yet to indicate that Cog's worrying downtrend is accelerating). The Doji should indicate a possible turning point, or at least indecision by the market- backed up by the fact that volume has dropped right off.
The market is waiting for a signal? (the possible upcoming announcement suggested by Kennas?).

Doji could indicate a possible turning point, but there are plenty of examples where this does not happen. It certainly indicates indecision of the market.

I'm never going to recommend anyone buy or sell anything really. Just presenting information and my own trading decisions.

I'm tipping an ann next week because they have done this the past few months. I think it was mentioned in one of their statements a while ago that they would update the market monthly.

 

[ezyTrader]

Just curious, does this kindda look like a saucer formation, ne1?

 

[cogidubnus]

Thankyou I will hold tight and see what happens. I bought at .057

 

[Sean K]

Just curious, does this kindda look like a saucer formation, ne1?

Perhaps a cup formed from 14 May to the $0.06 peak a few days ago. Not text book, but generally there. Watch for sideways movement for the handle which would indicate the next move is up.

Can't put the AEX chart up but this is what it could look like if the handle eventuates:

 

[ezyTrader]

Would definitely be interesting to see how the retrace and sideways go...