Australian (ASX) Stock Market Forum

AUN - Austar United

AUN moved well over the week and a second LONG position taken. 170 now looks the short term resistance with a CLOSE below 163 looked upon very unfavourably ....
 

Attachments

  • aun - 20071005.gif
    aun - 20071005.gif
    58.7 KB · Views: 45
Dutchy - do you still own these ? Just wondering what your thoughts are, if you still hold them. Looks like it needs a spark to get past the resistance of $1.60 before it runs again.
 
No news from Dutchy so he obviously doesn't hold anymore.

I'm curious to hear from anyone who has an opinion on this stock. More to the point, why has it crashed in the last few weeks ? I've been sratching my head trying to find a reason apart from the usual "market is down", etc, etc

It's in a downward trend and I can't see any light at the end of the tunnel. Everytime, I think it's at the bottom, it goes lower.:confused:
 
No news from Dutchy so he obviously doesn't hold anymore.

I'm curious to hear from anyone who has an opinion on this stock. More to the point, why has it crashed in the last few weeks ? I've been sratching my head trying to find a reason apart from the usual "market is down", etc, etc

It's in a downward trend and I can't see any light at the end of the tunnel. Everytime, I think it's at the bottom, it goes lower.:confused:

Debt levels and expenses maybe. I don’t think the Quarterly report was that good when you looked at the figures. Possibly the potential of a slump in the economy will have an effect on subscription retention.

Just a warning I'm taking wild stabs here and I'm not a fundamental.
 
Anyone got an opinion on Austar?

Fat Prophets have recommended it, and it seems to be trending up nicely, but a quick look at the figures revealed a lot of debt!

Thoughts?
 
Top