Australian (ASX) Stock Market Forum

CUL - Cullen Resources

About 40,000 shares (less than $3000 worth) isn't something to get too worked up about.

EDIT: Another 50,000 shares just went through. Still, its a fair way off last week's action.
 
He would have bought way more then 90,000 shares that he's lost below 7.2c

and even if he did, he's still making money because he's replacing 7.2c shares with ones that him less.

What makes you think it's not a capping order?
 
What is very interesting today is how well the sp is holding up, given the rather large sell order on open.

I would have expected to see a sell down, particularly with lower volume.

A 1m seller at 7.3 hasn't really rocked the boat either.

Personally, I think we're seeing a complete re-rating in progress.

Edit: doctorj, bit early to be in a pub init?
 
The SP is really holding up well this morning. I guess more action will be coming in 1 hour time. It is the usual time for it to jump. Last week the big jump happen around this hour. Lets wait and see
 
Not sure if its a capper guys, not sure,

If you were going to cap this you'd want to put up a line of 5M-10M, not 2.4M, thats too weak for this stock,

I don't think that its a capper
 
Not sure if its a capper guys, not sure,

If you were going to cap this you'd want to put up a line of 5M-10M, not 2.4M, thats too weak for this stock,

I don't think that its a capper

And they are letting the shares be bought without moving the price up a level. Not a capper in my extremely unexperienced opinion. Interesting way for them to sell their lot of shares lol.
 
And they are letting the shares be bought without moving the price up a level. Not a capper in my extremely unexperienced opinion. Interesting way for them to sell their lot of shares lol.

Yeah I don't understand it.

Had they spread it out in 300 - 500k lots they would have got at least 7.5 if not 8c average for them.
 
Yeah I don't understand it.

Had they spread it out in 300 - 500k lots they would have got at least 7.5 if not 8c average for them.

i have alot of clients who buy hundreds of thousands worth of shares at market price in one go, so wouldnt surprise me if they r one of these ppl.
 
So those orders are gone, we should see some price movement now.

Did anyone see them get snapped up (sold) or were the orders removed ??
 
So those orders are gone, we should see some price movement now.

Did anyone see them get snapped up (sold) or were the orders removed ??

i think couple of 500k orders took them out, we r definately gonna see an updated Top20 holders list soon.
 
Good closing for the SP today. Managed to close at new high and it is a very good sign i guess. Expecting new surge within this week??? Anyone??
 
Anyone know where you can get to see the order of trades as they went through?

Do you have access to this type of info only if you have a "pro trader" type account?

TA!
 
Thanks black_bird. What a great source of info. It would be easy to spend all your time just absorbing the information available.
 
Looks like 6.4c-7c will act as support
and

7.5c-8c resistance

So 7c - 7.5c looks like traders jumping in and out for quick profits,

I think it will need an announcement to break up past say 8.5c

Anytime now we can expect
-The AQA/CUL Pre Feasibility on Catho Well
- Details of the BHP JV Nickel drilling
- Details of the FMG Iron Ore exploration
 
Anyone notice that the other 2 parties to the West Pilbara Iron Ore project RHI and AQA have been rising strongly?

Considering that RHI's main project is the West Pilbara Iron Ore and AQA has been working on the feasibility study since January I don't think its just a coincidence,

Take a look at their charts and tell me what you think

Looks like 6.4c-7c will act as support
and

7.5c-8c resistance

So 7c - 7.5c looks like traders jumping in and out for quick profits,

I think it will need an announcement to break up past say 8.5c

Anytime now we can expect
-The AQA/CUL Pre Feasibility on Catho Well
- Details of the BHP JV Nickel drilling
- Details of the FMG Iron Ore exploration
 
Commons in these two are:
1. a little bit seller
2. volume is low
3. sp is rising in the past few days.

Most of People are waiting for the news IMO.:)
From RHI and AQA's announcement, I cannot find any schedule for the JV. I think that's why people are just keep watching
 
Anyone notice that the other 2 parties to the West Pilbara Iron Ore project RHI and AQA have been rising strongly?

Considering that RHI's main project is the West Pilbara Iron Ore and AQA has been working on the feasibility study since January I don't think its just a coincidence,

Take a look at their charts and tell me what you think

AQA has been much stronger than RHI. Now I wonder why this might be? Obviously the market has re-rated AQA a fair amount esp in last few weeks, whereas not so RHI. However both have done v.well this year, since 1/1/07 AQA has risen 93% and RHI 71%.

Cheers
 

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Both RHI and AQA have been on a steady increase for the past 3-6 months.

RHI yesterday reached their alltime high which was on the 20th of March 07, with 364K volume on that day. RHI yesterday peaked at $2.80 on low volume. Good sign!!

AQA has been steadily increasing since Dec 06 and reached a 6 month high yesterday of $6.55 after opening on Friday at $6. (up $1.50 in the past month) Another good sign!!
 
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