AUZ - Australian Mines

[nomore4s]

alright ...thanks a lot guys
seems like a lot of possitive thoughts
i was able to look at the market dept for the last half hour of the day, after work and it seemed like buy frenzy

now about the stops ...
do your guys all work with conditional sell orders
never used it
i buy/sell at the end of the day when i get home from work 3:30 pm

looks like i m not only a newbee but also an amature...:run:

Cheers guys

lol, Most of as are amateurs here so don't wory too much. Exits are always hard and there are alot of theories on it. Hoppielimps suggestion could be a good one for you though seeing as you got on @11c as 22c tomorrow could be a possiblity (depending on your postion size though).
You just need to find a strategiy that suits you and your style of trading.

 

[Ang]

It looks like it has found support at 16 cents and resistance at 18 cents so you sould see it break 18 cents and fly to the 20's in the next couple of days.
Looking good and I agree it is undervalued and that is why so many went through yesterday.
Kind reg
ang

 

[drasicjazz]

well looks like i made up my mind...
and got me a topup at 0.165 insted of selling the lot
let s hope it was a good move
but at the volume auz is trading i don't think i shout worry

 

[Fab]

well looks like i made up my mind...
and got me a topup at 0.165 insted of selling the lot
let s hope it was a good move
but at the volume auz is trading i don't think i shout worry

Good move. If I had some more money to invest I think I would have a bet on this one too.

 

[landlord]

I am not sure about support at 0.16 -- looks like it dropped through that near close today. Hopefully there won't be too much early profit taking tomorrow (as I suspect today was all about).

 

[nomore4s]

I am not sure about support at 0.16 -- looks like it dropped through that near close today. Hopefully there won't be too much early profit taking tomorrow (as I suspect today was all about).

16c was support for most of the day until the weak close when it got taken out. Still good vol but alot of selling pressure today, no doubt plenty of profit taking.
As far as T/A goes, todays retreat of the sp at least brings it back with in the B/bands and brings the stochs back a bit, macd may still be abit over extended.
With around 455 million shares on issue, the last 2 days vol is around 50% of that.
Not sure what tomorrow will bring but the amount of selling today and the weak close worries me though.

 

[Ang]

I was alittle disapointed that the 16 cent mark was broken and close at 15.5 cents, however most stocks closed lower today and there was a little bit of profit taking. It seems it still following the sam etrend as WMT (615M on issue). I remember I bailed out of WMT on the same sort of timing as we are today, only to see it put on another 50% weeks latter. The good thing about AUZ is that it is making Money and medium to long term it should be a very strong stock. Any weakness tommorow, I will be topping up.
kind reg
ang

 

[aaronphetamine]

Ang and others, you weren't the only ones today a little disappointed / surprised at today's lacklustre performance, especially after reading so many of you had thought that today it would have reached peaks in the low 20's

The prime reason was profit taking, but if there is any upside to this is that it is a good time to pick up a small (or big) parcel for cheap $$

I, myself am considering doing this tomorrow. We will see what happens with it tommorow, there was a substancial abount of volume today and there are currently alot of buyers, but then also a considerable amount of sellers, all hovering around that 18c resistance mark.

For this reason I don't think that tomorrow will see prices above 18.5c. But what do it know !

 

[nomore4s]

For this reason I don't think that tomorrow will see prices above 18.5c. But what do it know !

I think you could be right (though I hope not: ) I don't think it will get over 18.5c tomorrow either, my best guess is that tomorrow will be slightly down or even but hopefully it holds around the 15c/16c mark, but this is purely a guess and I'm wrong alot (as my other half constantly tells me ).

 

[landlord]

... but this is purely a guess and I'm wrong alot (as my other half constantly tells me ).

Hm - that sounds familiar -- I've had some bad picks these last 2 weeks and my better half is pretty fed up with me...

 

[Ang]

Has one got a brokers valuation based on the amount of shares on issue with AUZ compared to the maount on issue with NIA and the amount of resourse NIA has verses the amount AUZ has and taking into account that AUZ is producing. Once we know that i think it is safe to say it should be all blue sky from here with a slight little pain along the way. My short to medium term target is 24.5 cents based on the depth of the nexed phase. Ie it broke 11.5 cents to 18 cents = difference of 6.5 cents add 6.5 cents to 18 cents you get the 24.5 cents, however i feel he valuation if there is one out there should support this target plus more.
kind regards
Ang

 

[hoppielimp]

Have I read that announcement on becoming a substantial holder correctly ? A Director has picked up 33,000,000 Shares on the 22/5/07 ?

That would be priced somewhere between 15.5-17.5 cents on that day...?

Surely a good thing ?

Can't see an exercise of options or the like...so presuming this is on-market ?

 

[hoppielimp]

Ignore my post just, sorry, can't read. Average price 14.11 cents. However 2.26% picked up yesterday. I presuming that is the case due to reporting requires anything over 5% to lodge a 603 ? Cudn't see previous 603's from the Investment Co.

Oh yes..he's a director of the Investment Co., not AUZ.

Need new specs. Sorry. Couldn't find a button to edit my previous post

 

[zaskar]

Well with 30 mins left to trade it looks like AUZ is set to close at or above the all time high. Decent volume and well - a nice recovery after yesterdays sell off.

 

[Fab]

Well with 30 mins left to trade it looks like AUZ is set to close at or above the all time high. Decent volume and well - a nice recovery after yesterdays sell off.

Very impressive closing price 20 cents with 56 millions transactions volume is quite amazing. I still believe there is much much more to go for this one. Just get someone like Andrew Forrest on the board and it might go past the $2 mark

 

[Sodapop]

Very impressive closing price 20 cents with 56 millions transactions volume is quite amazing. I still believe there is much much more to go for this one. Just get someone like Andrew Forrest on the board and it might go past the $2 mark

Whoa there cowboy!!! Keep buying it and might go there... i`d be happy with a lazy 4000% (50c for my holding)... but each to their own... remember NIA have the allure (i`d consider it a spectre if anything) of the "famous" Posideon deposit... Kind of worrysome that the Posideon deposit is back in play - since the last time in the late 60`s it presaged a meltdown of miners...

I however do appreciate your fervor though Fab... since i have been high on these guys (and cheerleading them since about the 1.6c mark)... Definitely a no-brainer stock in my honest opinion...

 

[nomore4s]

I think you could be right (though I hope not: ) I don't think it will get over 18.5c tomorrow either, my best guess is that tomorrow will be slightly down or even but hopefully it holds around the 15c/16c mark, but this is purely a guess and I'm wrong alot (as my other half constantly tells me ).

lol, told you I'm wrong alot but sometimes it's a good thing Good last half an hour and pretty good close.
1.6c, well done sodapop. I'd be happy with anywhere near 50c, hell I'd be happy with anything over 30c

 

[zaskar]

just a bit of intraday info today. there were 9 inidividual trades of over 2 million shares - 8 of them were buys. The largest was just a tad over 5 million @ 18 cents @ 3:31. the sell was for 3.6 million shares @ 17 @ 12:26

apologies all was looking at mismatched data - all 9 trades were buys

 

[drasicjazz]

could we conclude if people are buying this amounts at these prices that it is still cheap to buy
i got some $$ left and i don't know were to put it in

anyone looking at ssc
because it looks like heating up there as well
anyway an other million dollar question
any thoughts?

and cheers to all

 

[Fab]

just a bit of intraday info today. there were 9 inidividual trades of over 2 million shares - 8 of them were buys. The largest was just a tad over 5 million @ 18 cents @ 3:31. the sell was for 3.6 million shares @ 17 @ 12:26

apologies all was looking at mismatched data - all 9 trades were buys

Zaskar,

Where can you see all this individual buying or selling orders ? I am with commsec and I can’t figure out how to see when small or big buying or selling orders go through