Australian (ASX) Stock Market Forum

AEX - Acclaim Exploration

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Bounced off $0.034 and climbed through long time support line at $0.036. Looks good for a quick trade. I think I'll be back in this am.
 

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you must have had a bit of muscle moving that 5000000.
Must admit ive gone back in as well kicking myself for selling out yesterday at 38!
 
I cant see any volume coming back in on the sellers side this could be my cup winner!
please note i am gambling addict without medication.
 
Getting this at or just under $0.04 is pretty good I reckon. I agree that the punters were thrown off when it was crumped. Me included. :) It's riding the U phoria atm too though. This will end soon.
 
I was going to get out of this now at $0.045, but it looks like it's set to run to $0.05. Aaah, good to get back on the AEX wooofer. :)
 
I would be happy to enter this one at around 0.03 if it ever get there. My question is how good is it as a U stock ? Almost all other U stock have recently rallied this one as dropped sharply after grade annoucement. Has this going to have long lasting impact on AEX ? :banghead:
 
Fab said:
I would be happy to enter this one at around 0.03 if it ever get there. My question is how good is it as a U stock ? Almost all other U stock have recently rallied this one as dropped sharply after grade annoucement. Has this going to have long lasting impact on AEX ? :banghead:
Click to expand...
Fab, I'll be looking at it again around the $0.035 level. Not impressed with managements communication in regard to the last ann. What a joke. So, I have lost a lot of confidence in them generally atm. There's still a chance they can firm up the inferred resource to indicated/measured, so I'm watching for a turnaround.
 
I think these points are relevant to aex feel free to correct me!
- 3 or so weeks ago these bottomed out at 33
- they slowly rallied to 35-36 then quickly to 37 - 38
- then the morning they broke, 38 - 40 were taken out completely
- these above shares have had plenty of prior opp to be dumped with the susequent run to 47
- on the market at the minute im tipping that the only shares coming on line were bought at 40 or above.
- these i feel have just about dried up and should pave the way over the very short term for another build period..........
- probably cheap opp to get on u atm
disclaimer
i dont always put my money where my mouth was
 
nizar said:
I'll be looking at it again when it breaks 6.1c and is in all time highs blue skies
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Hey nizar, how's this:
I buy a million AEX at 3cents, and you buy an equal value at 6cents.
We both sell at 12 cents.
Do I only make twice as much profit as you?
 
rederob said:
Hey nizar, how's this:
I buy a million AEX at 3cents, and you buy an equal value at 6cents.
We both sell at 12 cents.
Do I only make twice as much profit as you?
Click to expand...

Yeh but if the time from 3cents to 12cents is 2 years and the time from 6cents to 12cents is 2 months, then we are discussing a different matter entirely ;)

I reckon if this goes to 3c theres a HUGE CHANCE it will go much lower. If it goes to 6c, then probabilities are it will go upwards.

Just my opinion.
 
Constable, What's your take on the 25mil this morning. Directors converting options or something? Was there a placement? I can't remember that.
 

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