AIM - AIM Resources

[CanOz]

Whew! I'm out at 0.285 having bought at 0.235. Not bad for one day, and much much better than the boring IDL shares I sold this morning to pay for it!

Well done moses, good call to sell given its a shoe in for a speeding ticket.

 

[Rafa]

this is more than a speeding ticket...
what the hell was that??


tech/a....
please explain this one....

 

[Freeballinginawetsuit]

, yes well, it certainly was lagging!.

Anyone jump ship at the end?.

 

[blueroo]

I got the jitters, but decided what the hell!

Up 100% for me with no startling ann. so look out when/if they release a good one

 

[clowboy]

goodness me,

I think i may live to regret having sold out part holdings. look at the buy qnty after close? 2.5mill

Damn

 

[Karren]

Didn't jump! .... still holding, with my stop at the '97 high of .27

Tomorrow morning will be interesting!

 

[Freeballinginawetsuit]

Different Name, Different Market and Different Resource Holdings in '97' Karen.

But if you sold today you would have done well

 

[Rafa]

1309 [Dow Jones] Powerful rally continues for Aim Resources (AIM.AU), surging 21% to 10-year high of 26 cents on heavy trading of 15.9 million shares, doubling in a month. Asked Friday about increase in price/trading volume, AIM could only attribute to zinc price increases, to which it's exposed through Perkoa project, Burkina Faso, where commissioning aimed for early 2008, and on which funding deal of US$145 million is nearly complete. Standard Bank says robust fundamentals for metal point to further gains, once current period of volatility passes. This suggests further gains possible for AIM, whose June 2009 share options (AIMO.AU) are up 21% at 17.5 cents. (RCB)

 

[moses]

but if there are no news to explain 40% rise in one day then we'll see it bomb tommorrow won't we! And if there is news...its still only 50/50!

 

[tech/a]

Still trading this will post a technical view here later if anyone is interested.

https://www.aussiestockforums.com/forums/showthread.php?t=4650&page=3

 

[chops_a_must]

Who was the one that picked this as the alternative to TRO? Is it likely to go the same way?

 

[Freeballinginawetsuit]

but if there are no news to explain 40% rise in one day then we'll see it bomb tommorrow won't we! And if there is news...its still only 50/50!

Moses if you got onto AIM as a breakout buy on its gap last week at open (ie 17.5c), the same reasons are still their to hold.
1) Initial stop at 16.5c, after the next 2 trading days moved stop to 19.5c, top of second gap day. AIM traded well, good volume's and the momentum was positive.
2) If you got on yesterday the same reasons are there to hold, ie your entry has never been breached and you could now place a stop at 25c.
3) If you got onboard today at above 24c, I would have sold on close. Take youre 20 percent for the day and leave.


AIM'S basically doubled over the last week, most of the volume has been accumalated and the sellers have been holding back, its gapped twice and run hard this arvo. The experts would say you should never sell on a day's high close and on a volume like today's. If you did you would have made a great return and don't look back at it!

My fundamental holdings in AIM I sold today, a bit off the high but good enough for me!. For several reasons, they are at least a year of mining, I have concerns as to how they will fund ramp up (Share issue, at what price, financing, will they hedge/put in place forward contracts etc etc). A lot of mitigating factors that are yet to be determined, so I'm happy to sell at Today's close price. If the situation prevails or their SP changes I may take them up again as a hold.

My Break trade on Tuesday and top up yesterday, have a stop at 25c now. If that gets hit I'm out, if not I will hang around for a while yet and see what pans out in the next couple of day's. If volume dry's up, sellers take control etc I'll sell at market.

Hope that helps, like I said these guys are a while off doing anything yet, a few weeks back their volume was non existent and SP lagging. The market for whatever reason has changed the scenario, that could easily change again and a profit is only a profit when you sell!. The chance was their today, it may not be tommorow .

 

[nizar]

Moses if you got onto AIM as a breakout buy on its gap last week at open (ie 17.5c), the same reasons are still their to hold.
1) Initial stop at 16.5c, after the next 2 trading days moved stop to 19.5c, top of second gap day. AIM traded well, good volume's and the momentum was positive.
2) If you got on yesterday the same reasons are there to hold, ie your entry has never been breached and you could now place a stop at 25c.
3) If you got onboard today at above 24c, I would have sold on close. Take youre 20 percent for the day and leave.


AIM'S basically doubled over the last week, most of the volume has been accumalated and the sellers have been holding back, its gapped twice and run hard this arvo. The experts would say you should never sell on a day's high close and on a volume like today's. If you did you would have made a great return and don't look back at it!

My fundamental holdings in AIM I sold today, a bit off the high but good enough for me!. For several reasons, they are at least a year of mining, I have concerns as to how they will fund ramp up (Share issue, at what price, financing, will they hedge/put in place forward contracts etc etc). A lot of mitigating factors that are yet to be determined, so I'm happy to sell at Today's close price. If the situation prevails or their SP changes I may take them up again as a hold.

My Break trade on Tuesday and top up yesterday, have a stop at 25c now. If that gets hit I'm out, if not I will hang around for a while yet and see what pans out in the next couple of day's. If volume dry's up, sellers take control etc I'll sell at market.

Hope that helps, like I said these guys are a while off doing anything yet, a few weeks back their volume was non existent and SP lagging. The market for whatever reason has changed the scenario, that could easily change again and a profit is only a profit when you sell!. The chance was their today, it may not be tommorow .

Agree with freeball...
Moses this is more likely to go up 2mrw than probably any other stock on my watchlist. The reason - MOMENTUM.

 

[Sean K]

I reckon with day traders jumping in as they are atm, this will probably go up another 20% early tomorrow, and watch for a sharp sell off as punters try and take their profits..Bit too high risk for me now.

 

[canny]

Momentum is all well and good, but with a please explain already giving a 'we know nothing' response last Friday - surely there has got to be a big fall tomorrow. I'd have sold this afternoon if I was in. (Missed it though - damn!)
The compnay simply can't put out a good ann after mad trading when 'nothing was happening' on Friday.
Seems like a massive pump and dump, but I'm happy to be proven wrong. I like AIM.

 

[Karren]

Different Name, Different Market and Different Resource Holdings in '97' Karen.

But if you sold today you would have done well

Thanks F How do you keep up with this kind of info? or have u been trading that long!!! and I agree about getting out today, but figured with such a strong close that there should be a flurry tomorrow morn .... hopefully make a few more % there.

 

[ezyTrader]

Would any fundamentalist be able to provide a fundamental view on the company pls?

I'm still learning..

 

[philmac]

I agree with you Karen, haven't posted here before but got into AIM yesterday after reading this column. I could be wrong but I think the expected ANN might not be about the zinc project but some drilling they've done on a gold/copper (maybe even uranium project. Sorry I forget the name. I'm not a daytrader so I'll probably stick around longer term for the zinc deposit anyway. It does look pretty special.

Thanks F How do you keep up with this kind of info? or have u been trading that long!!! and I agree about getting out today, but figured with such a strong close that there should be a flurry tomorrow morn .... hopefully make a few more % there.

 

[moses]

Moses if you got onto AIM as a breakout buy on its gap last week at open (ie 17.5c), the same reasons are still their to hold.

<snip>
The experts would say you should never sell on a day's high close and on a volume like today's. If you did you would have made a great return and don't look back at it!

Thanks for the advice; I'm certainly no expert and have too often been caught hoping that my shares will continue to rocket up at a crazy rate only to see them plummet the next day. The chance of a speeding ticket and my lack of tech skills persuaded me to resist the potential for gapping up overnight.

 

[YOUNG_TRADER]

Agree with freeball...
Moses this is more likely to go up 2mrw than probably any other stock on my watchlist. The reason - MOMENTUM.

Nice work Niz, good to see your Zinc baby paying off