AIM - AIM Resources

[Sean K]

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.

General theory is you buy on the breakout, as it is a general change in stock direction. The past resistance should become support for further gains, or vice versa. The sooner you get in the better of course, but it's a balance. You are right in that sometimes the horse has bolted after you realise a stock has 'broken out', but theory stands the break should continue. You'd expect 37/38 to now be support here so buying above this point there's a probability that it will continue to go up into the future. Having said that there will more than likely be consolidation after the break, as is clearly shown on the AIM chart. You could reasonable expect there to be consolidation from this point, just as it did after the previous breaks. Not sure if that answers the question.

 

[chris1983]

Thats a fair answer. I will always trade based off fundamentals but im going to get an understanding of the chartists also. I think its good to know both methods.

 

[Nifty]

Gday Nifty. Entered today at 40c. Looking good is AIM, lets wait and see what happens. Looking now for 56c.

I was hoping that not only you Lachlan were on but when Aim touched 38.5 on friday I hoped that was sufficient to encourage all the Aim watchers but not holders to have a slice. Certaintly the big jump today was a surprise. The Jones boy in Jersey,seems to have an effect beyond the obvious.(News) I know very little about charts,I am probably like the character on the jury,who said "Im not interested in the facts I want to make up my own mind"However I respect those who do,and Kennas,with your charting, I hope that you were on Aim today

 

[elgaes]

well no explaination here, just the feeling that this stock has been trade under value. Company in good shape, good resource volume, and agressive exploration and production development schedule. Production will be starting soon rather than later, and normally the stock will enter the revaluation period 6 months leading up to production begin. All off take has been sorted out. JP Morgan estimate Zinc price and demand remain strong way through 2010. I can see a few other stocks with similar characteritic to this one like TZN few years ago, it s $3 something now.

$1.10 is just a conservative estimate one production started, take into account of futher new exploration good news and existing resource upgrade. I wouldn't be suprise if this company would be taken over by some bigger player one the production started. BHP or Xtrada? they both have a hand in this

Why I know it s about to break out? it s because this stock for the pass week has been artificially depressed by some big buyer to keep the price low so they can accumulated just track the volume flow. One this artificial barrier being lifted naturally the price would go up to where it suppose to be. As long as you lot all make money I'm happy

Of course for first time traders, my advice is go do your own homework before put your money in any where

 

[chris1983]

Bit of a sell off early. The fall on the DOW didn't help with the timing of this one. That sort of thing always happens doesnt it No news also so a few investors must want to grab their profits.

 

[nizar]

Bit of a sell off early. The fall on the DOW didn't help with the timing of this one. That sort of thing always happens doesnt it No news also so a few investors must want to grab their profits.

Yeh good thing for me iv moved on from my T+3 ways. I wouldve got burnt big time LOL

No news isnt a good reason to sell, we know that Chris.
In fact, some people sell just because the share price went up.
Losing strategy -- you gotta let your winners run.

And thats what i like about your free carry strategy -- You dont limit the upside. Good work champ.

 

[Gangis]

I'm looking to jump on AIM, I focus on the fundamentals and would like the opinion of a chartist.

Do you think the break over 38 has occurred and is this now the new support level?

 

[Lachlan6]

Gday Gangis. I entered yesterday at 40c and focus primarily on the charts. Was waiting for the breakot at $0.38 (refer to my chart posted earlier) and it occured yesterday on some huge volume. Today is expected. Inside day. May retrace if it does, back to old resistance now support at around 37c. But on the whole I entered because of the chart.

 

[Gangis]

That confirms my thoughts. Expolrer commencing prodcution usually results in great gains. Having the thumbs up from a chartist is also a bonus, on top of the fundamentals. I'll definetly look to enter today/tommorow morning.

 

[moses]

AIM is in Pre-Open with two price sensitive announcements. The IAP implies that the news is NOT GOOD for shareholders.

 

[Pommiegranite]

AIM is in Pre-Open with two price sensitive announcements. The IAP implies that the news is NOT GOOD for shareholders.

Capital raising at discount 31c seems VERY GOOD to shareholders to me.

This is ontop of the positive Perkoa progress

 

[Dr.Stock]

Stock here
Whole heartedly agree with pommie. Fear not.
When fear knocked at the door bravery answered it and discovered there was no-one there. Trust your analysis.

 

[Lachlan6]

Im not so up to scratch with placements etc. Does this placement mean that you will be entitled to purchase more shares at a discounted price of $0.31? and also if you decide to purchase some, do they then count for ordinary shares (ex if the underlying share is selling for 70c you can sell your placements at 70c) and do you have to hold till 2010 or can you sell before that time? help would be appreciated. Cheers.

 

[Pommiegranite]

Stock here
Whole heartedly agree with pommie. Fear not.
When fear knocked at the door bravery answered it and discovered there was no-one there. Trust your analysis.

It certainly seems to be a convaluted way of raising cash, which has me beat. Whats this whole escrow release thing?

Would appreciate it if somebody could translate it into 'English'

My situation is complicated:-.

I hold AIM in an ISA on AIM

ISA (Capital Gains tax-free wrappers to UK residents) cannot be added to by non residents (I moved to Oz a year ago).

So I don't know if I can take up the offer as it would mean more shares added to my ISA.

 

[chris1983]

This is a good announcement. Its what I was waiting for which is the funding. Everything is looking good with good progress on the mine. Of course some investors wanted a quick buck and some got it. Happy to hold as they continue the development of their mine..the closer they move to production the more profits will be realised. PNA/AGM/TFE are all similar stocks to AIM when holding onto a stock that is developing a mine. Good luck to the longs.

 

[nizar]

Gday Gangis. I entered yesterday at 40c and focus primarily on the charts. Was waiting for the breakot at $0.38 (refer to my chart posted earlier) and it occured yesterday on some huge volume. Today is expected. Inside day. May retrace if it does, back to old resistance now support at around 37c. But on the whole I entered because of the chart.

Today is expected?
I reckon it was 50/50 to pullback or run like a champion.

But a dump on volume was never expected. Well not to me

 

[Lachlan6]

Tend to agree Nizar. The chart was displaying a pretty wide range before breaking out, so not too surprised it is having a slight retracement. Everything is definitely still valid. The only thing is I am trying to get my head around this placement. For me it is like reading ancient Latin.

 

[CanOz]

Today is expected?
I reckon it was 50/50 to pullback or run like a champion.

But a dump on volume was never expected. Well not to me

Agree, WTF! Went for a wlk and came back to find i got stopped out.

Oh well, moving along now.

I'm just not going to replace any stocks that are stopping out, this volitility is making my win/loss rate look even more pathetic.

Cheers,

 

[chris1983]

Today is expected?
I reckon it was 50/50 to pullback or run like a champion.

But a dump on volume was never expected. Well not to me

Hey niz i never thanked you for the props earlier

anyway..yeah AIM has pulled back significantly. But they are still at a good level. I assessed the announcements and its all looking good to me. This one wont give hard and fast gains anymore unless they get more amazing intersections from Muwambe which is why the short term traders are jumping out. Much easier to just leave them and let them progress. As they progress so will the SP. This is going to be a big operation once its up and running.

 

[123happy]

People jump out because they are sick of this ill-timing fundraising. It totally ruined a nice break-out.

From my experience with WMT's fundraising, AIM may well go back to around 31c before recovering.

Market is always right.