AGM - Allegiance Mining

[jj0007]

The saxon and melba drill holes are promising leads. I don't know whether you can classify them as a major "discovery" yet. Needs many more drill holes before the market will apply significant value to these two areas.

 

[ghosta]

The saxon and melba drill holes are promising leads. I don't know whether you can classify them as a major "discovery" yet. Needs many more drill holes before the market will apply significant value to these two areas.

True, but how many other stock have gone beserk on far less!

 

[savtin]

GHOSTA,

You are spot on, it is what I have been saying all along......with everything they have announced to date other companies would have been valued up by a bigger margin............the deal with China when it was announced should have sent it to 50-60 cents , the saxon discovery (even though not confirmed) would normally have sent a stock 30-40 cents higher.....and then add a sniff at melba and you have well 5-10 cents..........MAN this stock is cheap............its known reserves values the inground asset at just under 4 billion dollars at todays nickel prices () and we know there is a chance that $40,000/tonne may be reached plus the stuff ELSEWHERE and you have a company with assets closer to 6 Billion going for a measly $375 million......................

 

[falcon55]

savtin...

what do you think would be a good entry price, looking at the chart, .57 looks a bit high

 

[savtin]

falcon55,

I had originally told my brother about AGM when they were about 25 cents and he got involved then and got out at about 38 cents and was quie pleased.................only last week he spoke to me and said " gees i think I got out to early" and I said that I believed the AGM run hadn't even really begun yet and so I said to him when AGM was 56 cents that it was still cheap......................and he bought again back in a 56 cents...... .....


take it this way I am seriously thinking about topping up now even though I am heavily invested in them from when they were in their early teens.


good price now ..............but like i told my brother you have to think long-term not short term............the day after he bought them the price when back to touch 52 cents and settled at 53 cents.........he was on the phone winging and I told him to look a little beyond one day, one week, one month...even one year.............the next day they bounced back with a vengence.........AGM will not be under one buck next year.............I think any way.

 

[Sean K]

falcon55,

I had originally told my brother about AGM when they were about 25 cents and he got involved then and got out at about 38 cents and was quie pleased.................only last week he spoke to me and said " gees i think I got out to early" and I said that I believed the AGM run hadn't even really begun yet and so I said to him when AGM was 56 cents that it was still cheap......................and he bought again back in a 56 cents...... .....

take it this way I am seriously thinking about topping up now even though I am heavily invested in them from when they were in their early teens.

good price now ..............but like i told my brother you have to think long-term not short term............the day after he bought them the price when back to touch 52 cents and settled at 53 cents.........he was on the phone winging and I told him to look a little beyond one day , one week, one month...even one year.............the next day they bounced back with a vengence.........AGM will not be under one buck next year.............I think any way.

Savtin,

Be cautious about giving tips to family - even when they have a brain. My bro is one of the most qualified people in Australia to be giving tips, but he would not give me a definitive 'tip' because he knows that if it went sour (as many, many do) that there'd be some bad blood. Likewise, I do not ask him for definitive tips. Tread carefully with giving friends and family tips. And receiving them......

All the best with AGM. Looks like a good long term value stock to me.

(not holding)

 

[falcon55]

thanks for that savtin.

I'll put it on my watch list and let you know what happens

 

[ghosta]

Be cautious about giving tips to family - even when they have a brain..................Tread carefully with giving friends and family tips. And receiving them......(not holding)

While I would normally agree with you on this point, the case of AGM is quite different, even now. In the last couple of years AGM has had no risk and always was a dead certainty to go up. Ive passed on the AGM tip to all my friends, workmates and family. As I pointed out to them heres a once in a lifetime opportunity to double your money (at least) with no risk. A small percentage bought shares and they all have doubled their money....

I consider I would have been extremely selfish and cruel not to have passed on the AGM information- if they dont buy shares thats fine, at least they were told of the opportunity...

 

[nioka]

Any opinions on this in the short term/next week...since it's had a very good week or so.

My view is that it will retrace down especially if it closes at 60.5 which will create 2 short term peaks at 60.5.

Back to 60.5 again. Where to now??

 

[Sean K]

I just went and got my haircut and the barber told me to buy this!

I think he got the tip off an uncle who is also a cabbie.

 

[Novski]

Back to 60.5 again. Where to now??

I'm not expert nioka, just using the breakout method with voulume and then watching other indicatores for shorter term sells and re-entries.

I sold AGM on second 60.5c peak due to the 2 peaks and decreasing volume.

I bought it back at 55.5c before it went down to 52's(in a bit early) Price gap told me to wait until 52 but i think at the time it was at 55.5c there were not many sellers so i thought it might go up.

Now, I guess we're looking for some volume to break the short 60.5c resistance which appears to be developing. It's consolidating with poor volume so i'm taking this as a good sign. Increasing volume should break it out of 60.5c

A positive ann would be nice.

What do you think?

Novski

 

[cuttlefish]

I just went and got my haircut and the barber told me to buy this!

I think he got the tip off an uncle who is also a cabbie.

you kidding around or is that for real?

 

[Sean K]

you kidding around or is that for real?

Fair dinkim. Not the cabbie bit, but the barber also told me about a uranium stock to buy - somewhere in Sth America apparently. The interesting thing about the AGM tip was that he didn't know they had a mine in Tasmania.

 

[nioka]

I'm not expert nioka, just using the breakout method with voulume and then watching other indicatores for shorter term sells and re-entries.

I sold AGM on second 60.5c peak due to the 2 peaks and decreasing volume.

I bought it back at 55.5c before it went down to 52's(in a bit early) Price gap told me to wait until 52 but i think at the time it was at 55.5c there were not many sellers so i thought it might go up.
Thought of selling at 60c+ and hope to buy back but remembering those waiting to buy back a few months ago at 30c caused me to just have patience. I'm not a trader at heart and it would hurt me to have to pay 70c + later on to get back in.

Now, I guess we're looking for some volume to break the short 60.5c resistance which appears to be developing. It's consolidating with poor volume so i'm taking this as a good sign. Increasing volume should break it out of 60.5c

A positive ann would be nice.

What do you think?

Novski

A positive announcement would help. I thought about selling at 60c+ and buying back in on a retreat but I remembered those who were waiting to get back in at the 30c mark. I decided to sit and wait with what I have. The falls will get less and less and the rises more and more is my guess.

 

[Kauri]

A positive announcement would help. I thought about selling at 60c+ and buying back in on a retreat but I remembered those who were waiting to get back in at the 30c mark. I decided to sit and wait with what I have. The falls will get less and less and the rises more and more is my guess.

Is just tracing out the expected W4, has still got a W5 to go yet.

 

[Kauri]

21/12/06...44c....Was one of my early shots at E/W.. am still holding.. looking for around the 60c mark initially.. my stop is still around 33c but I think I would act before then if it started dropping.

Updated now we seem to have completed W3.. W4 not definite, may be a more complex correction yet?? Won't post my stop this time and then it won't be confused with a buy...

 

[chicken]

Kauri,....thanks for that..looks like next stop 78cents.....must buy more of these..holding only 100k at 16cents...might get another 100k at market as my 1st parcel so cheap....looking good this one...also thanks Ghosta for all that info...if by years end the price is $1.50...i shall have $300K....so I think I will do that as AGM will start producing this year....and if the Saxon stacks up to the beards prediction.look out,..this is looking real sweet in my books...happy trading everyone....

 

[Kauri]

Chook,
As I read in Nick Radges forum recently a failed flag often becomes a triangle, which would tie in with a more complex W4 correction. I am waiting for it to resolve itself one way or the other, hence I have so far only labelled it a tentative W4. But whatever happens I do expect higher moves in the medium term. Take care chook, there are plenty of foxes out there.

 

[nioka]

The 60.5c resistance has been broken this morning with reasonable volume. Where are the chartists to suggest the next resistance point?

 

[Sean K]

The 60.5c resistance has been broken this morning with reasonable volume. Where are the chartists to suggest the next resistance point?

No resistance points left, should just be searching for fair value. If it does hold above $0.60 then that should form a decent support line.