AUZ - Australian Mines

[trader]

Why not ?

Because @ 0.096 - 0.095 - 0.093 cents are 1,000,000 share orders that will
not stay there, they will disappear and whats left will not hold up the price.
Expect it to drop to 8 cents range where it will stay until next ann and then
depending on its value it will either shoot back up or drop further.

 

[petee]

Why not ?

seriously Fab blind freddy could see this one coming way back..look at the depth now..i told u all yesterday its gonna be very week now but noone listened umm i think one did he got out..ill buy back in at 3cents again..happy trading

 

[SevenFX]

Because @ 0.096 - 0.095 - 0.093 cents are 1,000,000 share orders that will
not stay there, they will disappear and whats left will not hold up the price.
Expect it to drop to 8 cents range where it will stay until next ann and then
depending on its value it will either shoot back up or drop further.

Hi Trader,

IF this gets throught the mornings selloff, and hovers around the 8.8c-9c mark, do you think it will fall further [today] as there's no real support right throught the depth anywhere...

From what I've seen (IMO) if a promising stock falls heavily (15%-30%) in 1-2 days then the bargin hunters will come in and buy either way, unless negative news....but just a what price is the question

What has been the catalist that takes the hype out of the stock in the last 2 days...Is it well overdue for time vs price rule...as no news either way....

EDIT: Looks like they're comming In.

SevenFX

 

[Fab]

Ok what is the real reason why this stock rose so fast? Are they producing yet?

 

[Sodapop]

Ok what is the real reason why this stock rose so fast? Are they producing yet?

Do you even make at least a mininmal effort into researching what you buy - or do you just follow the rest of the Lemmings off the cliff into the cold dark sea???

If you made a even a minimal effort you wouldn`t ask that last part...

Piece of advice - before you buy anything - at least make a cursory evaluation of a few qtrlies and other recent anns.... and then make a buying decision... Anyway that`s what i would advise after being burned/shafted in my early days buying the days/weeks "hot stock"... and it will save you $$$ in the long run...

For the record AUZ are producing and have been for a while - since `03 or so...

 

[Fab]

Sodapop,

You are completely correct. I did not research this one at all. I just went with the flow and knowing that Nickel is forecast to stay very high that is the basic research I did. Which is far from being enough I agree but then this penny stock can be very very rewarding if you buy them at the right time. Time will tell. I guess what I invested in this one I am happy to loose if it goes the wrong direction
Thanks for your advise anyway

 

[Fab]

Going back up in good volume. Looks like 0.88 - 089 might have been a resistance point

 

[Fab]

Looks to me like this one will rise today to 0.10 and won't be able to go much further as there is very strong resistance around 0.10 - 0.11.

 

[Seneca60BC]

Looks to me like this one will rise today to 0.10 and won't be able to go much further as there is very strong resistance around 0.10 - 0.11.

u still in Fab?

 

[Fab]

Yep I am still in. Got caught in the rise . When are the results due on this stock ? Appears to be hovering around the low 0.09 and strong resitance around 0.10. Can anyone give more info and their potential.

 

[Sodapop]

Good qtrly released today... margin of almost $10AUD per pound of Nickel... and confirmation of the go-ahead of the Woodline Open Pit Gold Project... This is about what the market was expecting - remains to be seen how it will react... Also they allude to real the potential for new (significant) sources of Ni Ore within the Blair Mine (remember 100% AUZ Equity - PIO JV excluded... oh i really hope that the agreement pertaining to that was properly drafted - i could see a ####fight developing - if AUZ keep finding significant ore...) extremeties... Remember Kambalda is one of the worlds great Ni Sulphide provinces - so it is not out of the realms of the imaginantion that they find a significant extension... this could be the real kicker - still only ~$40m M.C... and the Marriot Project is in the wings as well... Will continue to hold (of course a decent wedge - at an ave. cost of 0.017 has made me reasonably volatility-resistant)... Tommorrow will tell the story...

 

[Fab]

Sodapop ,

Unfortunately it looks like not everyone thinks the same way as you today. Down more than 6%

 

[Fab]

Still going down. I thought there was a resistance around 0.9 but this has been blown away. where is the next resistance ??

 

[Sodapop]

I don`t think it`s going to go much lower - considering the last quarterly and what it implied about the companies prospects going forward... A lot of the Johnnie Come latelies and weak holders are getting shaken out (a natural thing after the stellar run...) - and i think accumulators are getting on board... there is a lot of action going on on their tenements (Area 57 exploration drilling, Marriott`s Updip drilling, PIO JV, Woodline Gold Drilling) this quarter and i think some of it could/will have big effects on the share price...

 

[constable]

its back up at 85 now but i think it should cycle back down by the end of the day forgive me if im wrong but there has been too many players sitting on the rhs for the last 2 weeks

 

[constable]

at .076 it looks fairly shaken out at the minute any one going back in ? Ive bought back in 50000 @ .076
ps im a gambling addict dont listen to me

 

[Fab]

It looks like they started some drilling therefore it might go down for a while and then shoot back up if the drilling results are good. Wait and see is the best option at this stage for me.

 

[Fab]

Up again it did not take long for AUZ to go back to 0.08. Very good sign. Still a lot of interest on this one

 

[constable]

yeah its dropped over 20% from its recent highs so it may slowly build again. i couldnt help grabbing some more 230000av. @ 79 now.
may the force be with u

 

[Sodapop]

Yeah - i was sweating on it but at the same time i remembered why i bought it (it was severely and (IMHO) unreasonably) undervalued... And this is still a good chance at making further gains in the short-term (esp. if Area 57 and Woodline pan out - and Ni stays high)... and the Mid-Term (Marriott's, Blair Mine Development and the PIO JV)... Like i said Johnnie-Come-Latelies are exiting but - there seems to be plenty of interest in vacuuming up the fruits of their impatience or profit-taking... I am up around 500% but as Jessie Livemore said in 'Reminiscences of a Stock Operator'...

" And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level which should show the greatest profit. And their experience invariably matched mine - that is, they made no real money out of it. Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance."