Ang - I wondered about that as well -- my guess is that given the increase in share value the director has exercised his options, then transferred them into a super fund, but perhaps I wasn't paying proper attention to the announcements.
drasicjazz - the kangaroo tail pattern is where the OHLC (open-high-low-close) graph traces a low which is significantly below the close and the open for a given day - looking like a kangaroo balancing on a long tail. The inverted kangaroo tail is where the tail points up rather than down (i.e. the high is significantly higher than the open or close for that bar). Some people regard a tail as a sign of a reversal (perhaps short-term). Given the other indicators for this stock are looking positive still (i.e. I haven't firm confirmation of a downturn) I am still holding and was wondering what people thought about this.
Ang - I wondered about that as well -- my guess is that given the increase in share value the director has exercised his options, then transferred them into a super fund, but perhaps I wasn't paying proper attention to the announcements.
drasicjazz - the kangaroo tail pattern is where the OHLC (open-high-low-close) graph traces a low which is significantly below the close and the open for a given day - looking like a kangaroo balancing on a long tail. The inverted kangaroo tail is where the tail points up rather than down (i.e. the high is significantly higher than the open or close for that bar). Some people regard a tail as a sign of a reversal (perhaps short-term). Given the other indicators for this stock are looking positive still (i.e. I haven't firm confirmation of a downturn) I am still holding and was wondering what people thought about this.
I am still in there and and now following using a 8,21 moving average, which still looks good. I am holding, the only question i have is can anyone answer todays announcement regarding change in significant holding. It seems, correct me if i am wrong, that a Director has cahsed in 10M shares. Am i correct here??
kind regards
Angelo
I am still in too - though I'm getting mixed signals from my indicator bank... and it's getting pretty expensive to keep this up.
I don't think 10mill shares were sold by a director, but rather an investment company --- unless of course that is a company owned/operated by an AUZ director (Mr Santalucia). That kind of volume from a single seller would of course have a clamping affect on a stock, depending on how long they took to dispose of the shares.
(My inverse kangaroo tail suspicion is bearing up though...)
By the way, Ang, what were you basing your suggestion AUZ would reach high 20's this week on?
A ton of volume going through already this morning.... hitting 20c but retreating.... looking quite solid..
Not sure about this Ang, imo needs to push through and close above 20c, to be considered blue skies, hopefully it can do this in the next week or so.Looking good on a weekly Graph, came up as a deviation up today on my weekly scans, so blue skys from here guys.
kind regards
ang
hey guys
I was just wondering why you guys believe the price would rise much above 20 c at all, i bought at 13.5 c and i consider 20c to be good value or even a bit overpriced.
Maybe you guys are expecting a good financial ?
Sorry for my ignorance but i just dont understand how it could keep on rising above 20c until some ann
Cheers
You have a very valid point Ang, that AUZ seems very under-priced compared to NIA or even WMT (I hold both AUZ and WMT). Being a producer (although really very small, relatively speaking), is an advantage - but IMHO what we shareholders need is a resource upgrade or significant find - that'll get the share price really working.
NIA shot up on the anticipation of future results - hopefully AUZ will do the same.
You have a very valid point Ang, that AUZ seems very under-priced compared to NIA or even WMT (I hold both AUZ and WMT). Being a producer (although really very small, relatively speaking), is an advantage - but IMHO what we shareholders need is a resource upgrade or significant find - that'll get the share price really working.
NIA shot up on the anticipation of future results - hopefully AUZ will do the same.
I feel those buying on antisipation and gut feel are gamblers rather than investors.You make a great comparison with WMT even though WMT is a Uranium explorer it also shot up many moths ago from 11 cents to 20 cents and it also traded it's entire isued capital in one week to consolidate between 9 cents ant 17 cents, however once it broke 17 cents to 19 cents it went to 32 cents. Great trade it later went to 45 cents to now consolidate at 31 cents. AUZ has some of the same trading paterns as WMT,
kind regards
ang
Actually my first entry in WMT was 6cents in November.
Im too embarrassed to tell you where i sold it
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