Australian (ASX) Stock Market Forum

AGM - Allegiance Mining

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thanks freeballer :p:

lookin good today. currently @ 0.73. cmon thomas!!! the hill is only a little higher :)

many major nicklers down and nickel spot on near support. nickel break down might be interesting. good sign of strength for agm. question is .... profit target or let it run??? will give it some time to get through 0.73
 
im out @ 0.745. only reason for this is my uncertainty in nickel spot at mom. i feel i may get another entry on this one in the future at a similar SP. still.., looks good for any holders out there :)
 

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We had a technical breakout on Monday on high volume.....doesn't that usually mean the stock should run......especially being a decade long resistance breakout out......it is crazy that it is coming down.....................i am long on this stock but I feel sorry for anyone buying this stock on Monday on the basis that it had brocken out and should run...................common AGM get up into the 80's.
 
It seems to be something to do with the irrational fear that the nickel price is going to fall over.
This is in spite of most analysts predicting over $30000/tonne average through 2007and not much lower through thenext few years.
My opinion anyway.
 
savtin said:
We had a technical breakout on Monday on high volume.....doesn't that usually mean the stock should run......especially being a decade long resistance breakout out......it is crazy that it is coming down.....................i am long on this stock but I feel sorry for anyone buying this stock on Monday on the basis that it had brocken out and should run...................common AGM get up into the 80's.
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I think it has done well to hold it's price. Sally Malay has dropped from a peak of $4.42 down to $3.88 at the moment.
 
savtin said:
We had a technical breakout on Monday on high volume.....doesn't that usually mean the stock should run......especially being a decade long resistance breakout out......it is crazy that it is coming down.....................i am long on this stock but I feel sorry for anyone buying this stock on Monday on the basis that it had brocken out and should run...................common AGM get up into the 80's.
Click to expand...

Decade long resistance breakout was in November at 40c.
I think you would agree its done well since then.

I remember coz i thought it was an awesome breakout, took a position, and it did nothing but sit in the 40s to about 2 weeks so i chopped it :banghead:

Then off it went like a rocket :D
 
savtin said:
We had a technical breakout on Monday on high volume.....doesn't that usually mean the stock should run......especially being a decade long resistance breakout out......it is crazy that it is coming down.....................i am long on this stock but I feel sorry for anyone buying this stock on Monday on the basis that it had brocken out and should run...................common AGM get up into the 80's.
Click to expand...

still a bit of uncertainty over nickel and general market direction. this is the reason i got off the band wagon the other day. agm is still a specky atm, so any correction in nickel or the market should punish it more severely than producing nickel stocks.

everyone knows these guys shall likely enjoy a decent rise in sp soon, however there are traders on this stock also. they really dont care when agm produce, profits etc etc. they will pull the pin on any bad news or sentiment that may slow sp movements (eg nickel spot correction, market correction, cautious market sentiment) and place there money elsewhere short term to better use. many other people thinking of entering this stock shall be aware of this, hence the retrace the past few days.

dow has done better than i expected over the past few days, and nickel has held around about their short term support for a few days also. few more days and nickel sentiment should become a little more secure. as a result im back in @ 0.73 today.
 
Halba said:
Hi nizar I had a bit of these, exited at 66-67 :cautious: I'm surprised it is continuing to go up.
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Can't see why you would be surprised, I'd be surprised if it did NOT go up. Of cource there will be fluctuations but all the news coming out is good with additional reserves being declared on a regular basis. Production time gets closer. There is lots of room to go up from here as I see things.
 
After a supurb start to the week, this stock has fizzled out completely. From a high of 77.5 down she has come...................what a great break out...........NOT:mad:
 
I agree wholeheartedly!
Why is it that a bucket of nothing (nup)can race up like it did with absolutely
nothin' to back it up,and allegiance can go the other way with no bad news whatsoever?
I dont get it.
 
not in any trouble yet guys. most of the nicklers have had an average week and they are producing with nickel @ $45000+ a ton. considering its "specky" tag, i see this as a pretty strong stance for agm. the more they consolidate, the more explosive the run when they do decide to move :) i did not like the weak close today though....

mre's close today was interesting :eek: went up 9 cents in the after close auction to finish at the high for both the days trading and all time. a break up on monday open might defy my logic. reminds me of zfx a while back. many indicators overextended but sp does not seem to care. i pulled on mre today @ 7.30 thinking it would consolidate for a while. strong close suggests otherwise. anyhow had them since the correction so happy with the result :)
 
Gutterboy said:
I agree wholeheartedly!
Why is it that a bucket of nothing (nup)can race up like it did with absolutely
nothin' to back it up,and allegiance can go the other way with no bad news whatsoever?
I dont get it.
Click to expand...

Well then you share my views wholeheartedly. My views re: NUP and general requirements for fundamentals in stocks are well known. Some people are still telling me NUP was a winner, and it doesn't matter about fundamentals, just that if you can make money from it (you know who you are). AGM has real resources, its just a matter of price for me.
 
Halba said:
Well then you share my views wholeheartedly. My views re: NUP and general requirements for fundamentals in stocks are well known. Some people are still telling me NUP was a winner, and it doesn't matter about fundamentals, just that if you can make money from it (you know who you are).
Click to expand...

You must admit that a quick fix on a burger and fries can be initially satisfying, just over the long term you can get a gut ache and over indulgance leads to costly medical expenses such as bypass surgery! Kudos to those that dine exclusively on takeaway whilst avoiding the inherrent pitfalls.

As every good nutritionist advises, eat in moderation, snacking often on the staples which are better value on sale and not during peak season.......occasionaly have some fast food but eat it quickly as you can't sell cold takeaway :D .
 
Well here we are some one year and a bit done the track

400% is OK ... For those that PM me of all the books I've read and all the effort I have put in over the last 10 years Bedford's Secrets (pages 138 -142) and Weinsteins is all I've ever needed to know ...
 

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Well at least we now know what was driving the SP during the week.

Fantastic announcement. These increase in resources will either extend mine life or provide fuel to increase production rate. Obviously I prefer the latter :)

Story is slowly unfolding....
 

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