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AZR - Aztec Resources

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Re: AZR Aztec Resources- Little guy going Up?

doctorj said:
Well, it certainly has been a decent fall. It bounced off the high of 23.5 and back down to 20 - where support is beginning to look a bit shakey. I wonder what has been the catalyst of all this. AZR has dropped like a stone the second someone bought at 23.5.
Click to expand...

hi doc
well my oppion is they got their money for the oppies.
still a lot of work to do to bring this one into production.
there will be another buying opportunity soon then blue sky ahead.

regards croc
 
Re: AZR Aztec Resources- Little guy going Up?

crocdee said:
hi doc
well my oppion is they got their money for the oppies.
still a lot of work to do to bring this one into production.
there will be another buying opportunity soon then blue sky ahead.

regards croc
Click to expand...

blue sky ahead :rolleyes:

There are so many stock out there to wait for that blue sky.
 
Re: AZR Aztec Resources- Little guy going Up?

This one looks to me atht is it having a rest and will go to new highs by the end of Feb.

Bingo
 
Re: AZR Aztec Resources- Little guy going Up?

Agree with the general sentiment about a breather for profit taking and also while the weak hands who jumped in during the general iron ore run get out. Then it'll be just the true believers (or those who bought low enough) looking to continue. It aint over yet folks!

WBII, if we just said blue sky for this stock then you'd be justified in being cynical but this is a long thread and you will see our reasons (both technical and fundamental) for supporting this stock over many months. Hope you don't overuse that red thumbs down icon, it's kinda depressing for us AZR fans ; )

I've noticed this is a volatile time for steel related stocks like BSL and OST, they've been yoyoing recently, maybe the uncertainty over iron ore price negotiations and profit anncts for the half yearleis etc. All will settle after February and trends will become clearer imo.
 
Re: AZR Aztec Resources- Little guy going Up?

Good call, myself and other AZR holders have seen more red than we're used to of late. Like Tech, I sold a portion, but at 0.21. I still retain a holding of AZR, happy to wait out till March.

I guess the sudden drop from the rosey looking high at 23.5 which was supported by good depth just caught me a little off guard, fortunately it didn't catch my stops off guard.
 
Re: AZR Aztec Resources- Little guy going Up?

Hi doc,
Yes, it's good to be watchful when prices are volatile or in uncharted territory.
I have heard from people who hadn't been in AZR before and they just jumped in with the crowd for a quick buck on iron ore news, I was wondering how long it would take those short timers to jump out and looks like it is happening now. Let's see where this stabilizes. My stop is still at 17.5c (or was that 18c? gotta check my plan) so it's still safe, was tempted to take profits at 23c but that wasn't the plan (unless volume had been weak) so I'm going along waiting for the resource upgrade and and other news, share price spike in the interim was just a bonus for me. Who knows I may be stopped out but I have faith in the technicals and the co. The trend of course is more important as it's what the market thinks of the sp.
 
Re: AZR Aztec Resources- Little guy going Up?

So I guess we sit back and get out the old magnifying glass and cast our eye over other companies for the time being. I wonder if I can drum up some discussion in FAR. I'm keen to hear what others think of it :)
 
Re: AZR Aztec Resources- Little guy going Up?

hi rich
may fall to 19c possibly 18c then it will bounce
don't think it would be a good idea to sell if your stop is hit

regards croc
 
Re: AZR Aztec Resources- Little guy going Up?

With the way the market depth has been the past month, I believe that if, as you suggest it gets thru 19 to 18.5, the SP is going to be in World's of hurt in the near term. There's really not a lot there to hold it up in the near term and if as you suggest it gets thru 18.5, I believe it may reach as low as the 14-16cps. That said, 19.0 looks pretty solid, so perhaps we won't get the buying opportunity.

Croc, I have to ask, why would you suggest we don't sell when it hits our stops?
 
Re: AZR Aztec Resources- Little guy going Up?

tech
just my oppinion
i raise my stops as the sp increases. isn't that what one should do ?
you sold @ 20.5c presumably thats what you did
no doubt you will probably buy back when you get the right signal i know i will

croc
 
Re: AZR Aztec Resources- Little guy going Up?

doc
not suggesting you don't sell when stops are hit thats why you put stops in place.
stops should be raised as the sp rises and as AZR hit 23.5c rich's stop should be higher than 17.5c therefore locking in profit on the way up.

with the f/as behind AZR you would not think the retacement would fall lower than its support level @ 18c but you just never really know as trading is a day to day business

regards croc
 
Re: AZR Aztec Resources- Little guy going Up?

Thanks for clarifying, you're first post was a little... ambigious.
 
Re: AZR Aztec Resources- Little guy going Up?

Agree with you both.
I sold not because of a stop but a technical fall from its rise.
As I did with ZFX as well.
The short term trend was broken.
I may go back in if I have spare funds,Currently havent opened any more positions.

I must say I dont like discretionary trading,its like trading in a reactionary manner.For me taking a little bit here and there and hoping to get a positive overall return is too time consuming and because I only allocate a smll amount of $$$s to it not worth the time .

Much prefer getting on a decient trade with a decient buy and riding it for as long as it holds a primary trend.

But thats me.
I guess everyone wants instant gratification.(Its human nature)
But you know Ive always found that the slow and steady method of wealth creation has always come out with the biggest returns in business,property and stocks.

tech
 
Re: AZR Aztec Resources- Little guy going Up?

Yep, it is hard knowing when to exit, I checked my plan and stop was last raised from 17c to 17.5c (mentioned it somewhere in this thread). Still think solid support at 17.5c and see no reason why AZR wont recover after a breather. Can always buy in again if I need to. I suppose I could have sold at 23c or thereabouts but there is too much good news to flow to exit this one, if it was a lesser stock I would have sold as soon as it went above 22c and just banked the profit and moved on.
Let's see if I win on this one.


BTW, Croc/anyone do you know when news of iron ore price negotioation (ie new prices) will be released by BHP/OST etc? That will have a bearing on AZR too.
 
Re: AZR Aztec Resources- Little guy going Up?

hi rich

you are testing my memory bank here and after pondering for a while i think it is somewhere towards the end of march but can't recall where i read it.
sorry i'm not more specific.

regards croc
 
Re: AZR Aztec Resources- Little guy going Up?

crocdee said:
hi rich

you are testing my memory bank here and after pondering for a while i think it is somewhere towards the end of march but can't recall where i read it.
sorry i'm not more specific.

regards croc
Click to expand...

Thanks for trying to remember croc, I'll keep an eye out for news in the press; negotiations take awhile, they have several rounds apparently.
 

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