AGS - Alliance Resources
- Thread starter pussycat2005
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Oh indeed hindsight would be a wonderful thing:>
Shame you were'nt able to put a chat up Kennas. Im keen to learn more.
I see the higs and lows your talking about though. God I hope it doesn't hit the $1.35 mark
Well the way i figure it...got too much to lose by selling now...so will hang in for the long hall.
All the talk of AGS is good and they seem to be relativly cashed up...so I think all will be good :kiffer:
I still have no idea why the price is falling so badly though
Shame you were'nt able to put a chat up Kennas. Im keen to learn more.
I see the higs and lows your talking about though. God I hope it doesn't hit the $1.35 mark
Well the way i figure it...got too much to lose by selling now...so will hang in for the long hall.
All the talk of AGS is good and they seem to be relativly cashed up...so I think all will be good :kiffer:
I still have no idea why the price is falling so badly though
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GREAT. finished with a low of $1.515
Strange fall. I am looking @ AGS vs PDN today and I can understand why AGS is going south while PDN is heading north none stop. I hold bothGo Nuke said:Oh indeed hindsight would be a wonderful thing:>
Shame you were'nt able to put a chat up Kennas. Im keen to learn more.
I see the higs and lows your talking about though. God I hope it doesn't hit the $1.35 mark
Well the way i figure it...got too much to lose by selling now...so will hang in for the long hall.
All the talk of AGS is good and they seem to be relativly cashed up...so I think all will be good :kiffer:
I still have no idea why the price is falling so badly though
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And why is it do you think that 1 is going North while the other South?
PDN is too expensive for my poor budget...so I settled for a few in SMM.
I know its just an opinion......but do u think SMM orPDN might take a bit of a fall soon? Alot of other companies seem to have.
I was thinking of increasing my shares in SMM...but now Im a little put off after having done the same with AGS at $2.18 :22_yikes:
:microwave
PDN is too expensive for my poor budget...so I settled for a few in SMM.
I know its just an opinion......but do u think SMM orPDN might take a bit of a fall soon? Alot of other companies seem to have.
I was thinking of increasing my shares in SMM...but now Im a little put off after having done the same with AGS at $2.18 :22_yikes:
:microwave
They are all quite speculative stocks so that can happen to any of them. PDN is producing already so I would stick with PDN even though they are expensive.Go Nuke said:
I bought PDN @ $2.45 and still holding
Bought SMM @ 0.9 and sold @ $2 (too early) and bought AGS @ $1.16 and still holding (praying for it not to fall further).
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Hi lads, The reason for the dive in AGS could be many things, but the old "fear and greed" could be the obvious answer ... only time will tell ............ I'll tell my story for the "newer" punters, so hopefully it might save someone a few bucks here and there ...........
I bought a reasonable amount at a relatively high ticker, not wanting to miss the next ann. (greed) ............ I got stopped out of the lot a few days ago (fear/ although fear tempered with common sense) .......... I immediately bought back in cause I like the stock, and did not want to see it head north without me (greed) .......... I got stopped out of the lot again two days ago (actually I closed my position cause it was heading for my stop, and I didn't like the price action) (fear) ............................. so what do I do now ?? ................. I hopefully learn from my mistakes ..........they were:-
* Dont buy when the price is high unless it is obviously still rising, which it wasn't
* Don't buy larger parcells than your bank account can handle in the case of a downturn (which I had done)
* Don't fall in love with a stock no matter what (I should not have bought back in after the first stop losses were hit, until confirmation of a change in the trend)
There are probably more mistakes, but these will do for the point of the exercise ................. and the point is:- I take full responsibilty for my actions, and wear the loss on the chin, because it was MY fault!! ... No remorse, no complaining, no feeling sorry for my "bad luck" .............
Its all about learning, so hopefully I have learned something,......... and if that little spiel above helps someone else "not" lose their money, then all is good ........... All the best, Barney.
PS. I bought another (very small parcel yesterday, which is now in the red, so maybe I haven't learned enough yet ............ If I had done that in the first place, I would not be licking my wounds atm ............. position size and money management .......... amen)
I bought a reasonable amount at a relatively high ticker, not wanting to miss the next ann. (greed) ............ I got stopped out of the lot a few days ago (fear/ although fear tempered with common sense) .......... I immediately bought back in cause I like the stock, and did not want to see it head north without me (greed) .......... I got stopped out of the lot again two days ago (actually I closed my position cause it was heading for my stop, and I didn't like the price action) (fear) ............................. so what do I do now ?? ................. I hopefully learn from my mistakes ..........they were:-
* Dont buy when the price is high unless it is obviously still rising, which it wasn't
* Don't buy larger parcells than your bank account can handle in the case of a downturn (which I had done)
* Don't fall in love with a stock no matter what (I should not have bought back in after the first stop losses were hit, until confirmation of a change in the trend)
There are probably more mistakes, but these will do for the point of the exercise ................. and the point is:- I take full responsibilty for my actions, and wear the loss on the chin, because it was MY fault!! ... No remorse, no complaining, no feeling sorry for my "bad luck" .............
Its all about learning, so hopefully I have learned something,......... and if that little spiel above helps someone else "not" lose their money, then all is good ........... All the best, Barney.
PS. I bought another (very small parcel yesterday, which is now in the red, so maybe I haven't learned enough yet
............ If I had done that in the first place, I would not be licking my wounds atm ............. position size and money management .......... amen)
bigdog
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ASX ann today
AGS 10:18 AM Four Mile Uranium Discovery Update
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00691860
AGS 10:18 AM Four Mile Uranium Discovery Update
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00691860
Sean K
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Perhaps that $1.65 ish support line was valid. And perhaps no chance of buying more at the $1.35 level. Too early to call perhaps...
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Anyone can understand what is going on with AGS sp.kennas said:Perhaps that $1.65 ish support line was valid. And perhaps no chance of buying more at the $1.35 level.
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laurie said:yep easy......... impatient investors that will make patient investors rich
cheers laurie
I agree Laurie, I just posted on the JMS thread ...... I should have cut and pasted your post to there, cause its pretty much the same scenario imo. Cheers.
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I think AGS sp start to move towards $2.00, but still long away to pick up with MTN.laurie said:yep easy......... impatient investors that will make patient investors rich
cheers laurie
Sean K
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Was good that it bounced off $1.65, but I'd be on the lookout for a possible H&S pattern forming up here.
If it fails around $1.90 ish (resistance at $2.00 ish so a possibility) and heads back down, a break through $1.65 could send it to $1.00 ish. (the distance from the neck line to the top of the head is about 60 cents. $1.65 less 60 = $1.00 ish - and also a support line) However, that support line around $1.35 might steady it.
MACD looks like a positive turn up in the short term however. I probably won't re enter until it breaks through $2.00....
If it fails around $1.90 ish (resistance at $2.00 ish so a possibility) and heads back down, a break through $1.65 could send it to $1.00 ish. (the distance from the neck line to the top of the head is about 60 cents. $1.65 less 60 = $1.00 ish - and also a support line) However, that support line around $1.35 might steady it.
MACD looks like a positive turn up in the short term however. I probably won't re enter until it breaks through $2.00....
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Sean K
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Hi Rafa,Rafa said:
I have half my AGS still. Well, half of the half of the half of the half I bought about 18 months ago. If I had have kept doubling instead of halving, I'd be on a yacht in the Caribbean somewhere.....
I think if AGS has a clear break again through $2.00 I might look at it just as a technical buy. Hard to pick these things on 'value' at the moment. Too many damn variables....
I'll be trying to find things that haven't run so hard over the next few days. Hard to find.....
Out Too Soon
My real name is King Julian ;)
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Hi Kennas, welcome back. Did you bring us some Tequila?
Your predictions on AGS look possibly pretty scary! I don't hold atm but I want to. If it does form a big head & shoulders I'll get my chance.
Your predictions on AGS look possibly pretty scary! I don't hold atm but I want to. If it does form a big head & shoulders I'll get my chance.
