:bananasmi You are right Kennas,Who would wish to defile such an objective forum,where subjective judgement can pollute the noble wishes of the status quo.
AIM - AIM Resources
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Only one way to go for this stock, that is up and up! Happy to accumulate on this one since it was still 21.5c, this time next year probably $1.20?
elgaes,
A couple of questions:
1. Why is 'up' the only direction for this stock? I'm sure many unfamiliar with AIM would be interested in hearing your views.
2. If your 12 month price target of $1.20 is serious then you will need to provide some more detail to justify this valuation. Can you explain how you reached this figure?
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Lachlan, is 56 cents just a figure you pulled out of the air or is there a particular reason for it?
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AIM has hit 40cents today breaking resistance of 37-38c, I have only just commenced looking at this stock. Why is there such a substanial increase today ? 18% so far ?
As a beginner can you explain the entry at 40c at an all time high with no announcements of new info resources etc? Is this soley because it may be breaking out, are you looking at the charts or is there media speculation?
Lachlan6 said:
As a beginner can you explain the entry at 40c at an all time high with no announcements of new info resources etc? Is this soley because it may be breaking out, are you looking at the charts or is there media speculation?
Hello adobee. I am predominately a chartist and if the patterns are there I enter, regardless of no announcements or not. Announcements are nice to support a buying decision, but don't forget that the chart can be an excellent precursor to future announcements.
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Lachlan, next time please be sure to explain your methods in your initial post. We are a little touchy when it comes to unexplained price targets as so many people post them to ramp up stocks without explaining how they arrived at that particular price.
Perhaps consider attaching a chart to your post to help demonstrate your thinking a little more clearly.
Where have you read about this method?
(Iv never heard of it).
Has it proved accurate in the past? Remember which stocks?
Thanks champ.
Aim had all the fundamentals of a great stock. Enjoying the ride atm. Hopefully not a false break..very promising. I think the only issue I can think of with their Perkoa mine is Transport. They rely on the railway system heavily..but its been operating smoothly for the past few years
I hate the delays though Chris.
Originally mid-2007 was their target, when i first researched AIM back in January 2006 (back in the days when i still did research
).But now i hear its mid-2008?
Zinc price probably strong until then but still......
I hate the delays though Chris.
Originally mid-2007 was their target, when i first researched AIM back in January 2006 (back in the days when i still did research
But now i hear its mid-2008?
Zinc price probably strong until then but still......
Breakout is becoming outstanding now Niz. HUGE volume coming in. 40 wiped out. I know there has been delays..but they are in a hard to get to area..once its up and running though it will be a cash cow.
Sean K
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Yep, looks like a great break on volume. I'd be waiting till EOD to crack the champas. Hard to pluck a projection from here.
It's getting hard to keep track of all these breakouts!
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Yep, looks like a great break on volume. I'd be waiting till EOD to crack the champas. Hard to pluck a projection from here.
It's getting hard to keep track of all these breakouts!
Theres the trusty chartist. Ok you have pointed out the break clearly on the chart..on large volume too..would an entry at 40 look good to you. You know with these breaks how confident do you feel that a run would continue? Because its like your buying at the top if you entered now. Just wondering how the chartists think.
CanOz
Home runs feel good, but base hits pay bills!
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If i may add a little here.. I like these b/outs for the setup, its a good low risk entry. Something like 70% of B/Outs fail, but if you can let that 30% run then you'd be set.
FWIW - next major resistance at .66 IMO
Cheers,
ahh ok fair enough..so you set stops in place just in case it is a false breakout? Is that the precautions that are taken?
What stop would you set here? 38c? I imagine if it hit 38c those buying for the end of day breakout would panic and sell.
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