AUT - Aurora Oil and Gas

[BrightGreenGlow]

I see it breifly hit $1.18 and $1.17 for a bit. Now currently around the $1.155. On good volume too.

Here is the current buy/sell depth totals.:

52 buyers for 1,063,504 units
26 sellers for 462,250 units

Nice 2:1 ratio there. Now I wish I topped up when they were $0.97 a week ago

 

[condog]

Nice 2:1 ratio there. Now I wish I topped up when they were $0.97 a week ago

Famous last words....

Im guessing it might pull back at some stage to 1.05 or 1.08 from 11.8 or 1.20, and the following week or two many will think the same thoughts.

For my two cents, buy or top up when its low in its channel and sell or grin when its high in its channel.

Theres certainly some renewed buy pressure in the small caps accross the board, not just AUT.

That buy side just keeps filling though. No trades in last 10 min or so, but buy side up 150,000... nice to see such acqusition. Could be the managed funds from the ASX300, buy high and sell low, where the returns go , nobody knows.

 

[adobee]

didnt sell out of AUT today but cant help thinking should be moving out at this high and back in to EKA till AUT drops back a bit again..

 

[prgudula]

latest update from au.stoxline
http://au.stoxline.com/q_au.php?symbol=aut&c=ax&Analysis=Analysis

 

[condog]

didnt sell out of AUT today but cant help thinking should be moving out at this high and back in to EKA till AUT drops back a bit again..

There will be plenty more new highs, and swaps, i wouldnt worry too much. Interesting im guessing your trading for petty cash or minimal wages, as on this one the cap gains tax is a killer for anyone whos stayed in and now the 12 months is the primary target.

 

[condog]

This wont hurt AUT's week either

Hedge Fund Oil Bulls Return on Recovery Signs: Energy Markets
September 13, 2010, 3:46 AM EDT

Open interest in crude futures, the total number of contracts that have not been closed, liquidated or delivered, rose to 1.35 million on Sept. 3, the highest number since June. More than 1 million contracts changed hands on Sept. 10, the first time since May that volume topped 1 million.

“The open interest is much higher this week, which implies that the rally probably has legs,” Khan said.

Traders may not be as bullish on oil prices as the net position indicates, said Tim Evans, an analyst at Citi Futures Perspective in New York.

“The money managers were net buyers but they did it by covering shorts,” Evans said. Hedge funds may have been buying back wagers that prices would fall before the three-day weekend and the Sept. 6 U.S. Labor Day holiday, he said.
http://www.businessweek.com/news/20...-return-on-recovery-signs-energy-markets.html

China's Economy Shows Uptick

BEIJING—China's major economic indicators picked up in August after slowing for several months, data issued over the weekend show, an unexpected rebound that could help prospects for global growth.

Industrial production, a major gauge of overall activity in China's manufacturing-driven economy, was up 13.9% from a year earlier in August, accelerating from 13.4% growth in July. The figure was well above market expectations, and reversed—at least for the moment—recent months' gradual slowdown from the 20.7% pace of the beginning of the year.

The positive news from China contrasts with the loss of momentum in other major economies.

 

[BrightGreenGlow]

There will be plenty more new highs, and swaps, i wouldnt worry too much. Interesting im guessing your trading for petty cash or minimal wages, as on this one the cap gains tax is a killer for anyone whos stayed in and now the 12 months is the primary target.

Yes, I'd imagine most of us have an income of over 80k so if you sell out now you lose a heap. You're better off selling after a year even if the SP drops to around $1.10 < .

 

[trader8888]

HAHA 80k a year, not for me im a 4th year frigie apprentice lucky to get about 30k a year. but im only 19 so i guess thats alright. Agree though im sticking out the year to save on the capital gains tax.

Chart looks good MACD just crossed over - sign of a buy, could break the upper bollinger band tomorrow, and break out again. Oil up, US futures up as well, all pointing to a very good day tomorrow.

 

[jancha]

Yes, I'd imagine most of us have an income of over 80k so if you sell out now you lose a heap. You're better off selling after a year even if the SP drops to around $1.10 < .

Depends on weather you day trade otherwise it doesn't matter how long you hold it you still pay the capital gains.

 

[trader8888]

After 1 year of holding the stock you pay cap gains on 50% of your profit, thats what ive been told anyway.

 

[nunthewiser]

see your accountants.

some of us bogan swing traders are classed as "traders" for tax purposes and do not care about waiting a year to qualify to still pay more tax than we do as "traders"

 

[nioka]

After 1 year of holding the stock you pay cap gains on 50% of your profit, thats what ive been told anyway.

Wrong. Suggest a call to the tax office to get the right tax percentages. Then it depends on whether or not you are a trader or an investor. Tax is not a simple item.

 

[Kremmen]

Wrong. Suggest a call to the tax office to get the right tax percentages. Then it depends on whether or not you are a trader or an investor. Tax is not a simple item.

"Wrong" is a rather harsh and not very useful response. He's right for standard non-traders. (And most traders probably know who they are and know how their tax works.)

 

[condog]

On a much better note, futures up strongly again.

DJIA up 94

But not so good unless your traveling or spending lots, the Aussie battler is 94c, which reduces AUT's profit margins when converted back into AUD.

Oils up, China sounds good, the US is looking more like a recovery then double dip (in the news headlines at least), the Aussie economy is powering towards full employment. The buy sell depths look great and we closed near our new high.

 

[condog]

Something to ponder. What will be the effect of the impending cash flow position, when it starts flowing, and what will be the effect of the third rig and full time frac crew arriving in Jan. Couple that with this sudden change in sentiment, and what looks like the 3rd wave of an elliot wave ???

My opinion is cash flow should see us trading more towards the upper of our band, if not, possibly a new trend. Then the third rig should imo change trend again to a steeper growth curve. all other factors roughly equal of course. So DYOR.

 

[condog]

Look at the preopen shennanigans on the sell side as someones trying imo to lower the price, for a buy. Could be wrong, but it looks like manipulation.

 

[jancha]

Look at the preopen shennanigans on the sell side as someones trying imo to lower the price, for a buy. Could be wrong, but it looks like manipulation.

View attachment 38850

You cant be serious about an opening sell at $1.10 with a volume of 14,000 as manipulation.

 

[BrightGreenGlow]

see your accountants.

some of us bogan swing traders are classed as "traders" for tax purposes and do not care about waiting a year to qualify to still pay more tax than we do as "traders"

When does one qualify as a trader rather than an investor??? Seems to me if I worked for more than 50% of my income im still an investor not a trader?

 

[adobee]

would this just be someone who wants to be at the top of the que ?
I dont think 15k is enough to manipulate the price..

 

[condog]

You cant be serious about an opening sell at $1.10 with a volume of 14,000 as manipulation.

jancha you cant be serious that you thought i meant the 14,000 surely - kidding around

i didnt think it needed spelling out

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Im not saying it was a successful attempt, but imo looked like an attempt. its no big deal really. Just found it interesting to see on what looks like a descent support and trend someone seemed to be trying to fill the gaps in an attempt to lower the price on open. ??

Personally i think the material in the two posts above it is far more worthy of discussion....