Sean K
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Yeah, you are right about the AVO/POG relationship. There doesn't seem to be one. Vely interestink. Should have seen that I suppose.deftfear said:
Yeah, you are right about the AVO/POG relationship. There doesn't seem to be one. Vely interestink. Should have seen that I suppose.deftfear said:AVO hasnt seemed to have followed the POG too much Kennas, since the may correction it has more than doubled while gold hasn't done much at all. Merril Lynch has a $2 price target for AVO, there is a 26 page report on it at http://www.avocaresources.com.au/downloads/research/avo_research_200611.pdf
My opinion of AVO looking at the charts is it takes a spurt upwards, consolidates for a week or so, then starts it's next spurt. Each high is usually around 10 cents higher, and the low about 10 cents higher as well, so a low of $1.30-1.35 is what I am expecting, thinking of topping up again around there, but I was saying that around 1.05 and 1.25 as well
Thanks for the link too. Gives me more confidence in it!deftfear said:AVO hasnt seemed to have followed the POG too much Kennas, since the may correction it has more than doubled while gold hasn't done much at all. Merril Lynch has a $2 price target for AVO, there is a 26 page report on it at http://www.avocaresources.com.au/downloads/research/avo_research_200611.pdf
My opinion of AVO looking at the charts is it takes a spurt upwards, consolidates for a week or so, then starts it's next spurt. Each high is usually around 10 cents higher, and the low about 10 cents higher as well, so a low of $1.30-1.35 is what I am expecting, thinking of topping up again around there, but I was saying that around 1.05 and 1.25 as well
Gold has been going down and sideways for the past 6 months but look at AVO. Perhaps it's an inverse correlation! I bought when it 'broke through' $1.40, but have just seen it drift and go down, just slightly. Mighten't be the 'break out' I had hoped for and I might put the cash to use elsewhere. Maybe a good vino or two....Or, maybe I'll give it a few more days to stay above the medium term trend which seems definately UP!Nicks said:Gold up, commodity sotcks up, AVO not up (in fact down a fraction) - good buying opportunity as the market hasnt caught up with AVO - (or will in the last few minutes or tomorrow!!)
Whenever I do that, the price immediately takes off afterwards.I might put the cash to use elsewhere
kennas said:$1.30 looks like a support line. Will probably bounce around there.
Internet was down at work nearly all day. Didn't have a clue what was happening today until about 3.45pm.Rafa said:GP...
where are you???
Aw... how did you guess?kennas said:GP, you must have sold
Hhhmmm, down today, not expected. Not sure what POG is doing. Is this perhaps in relation to the Norseman acquisition? Will initially be costly perhaps.Rafa said:Thanks GP...
finally this stock can get a move on...
Must admit, my patience is wearing thin
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