Australian (ASX) Stock Market Forum

What's going to happen to all the ugly chart stocks?

Ken

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22 August 2005
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What will happen to all the ugly charted stock companies that were glamour stocks with hopes and dreams of being cash cows?

AFG
MFS
CMR
PEM
MMX
AGO
PDN
MOL
MTN
IVC

These stocks had some of the best uptrends going around. What is actually going to happen to these stocks in future? Look at PEM its hard to imagine how the stock would get back to $5.00, same with PDN....

Any thoughts? All the stocks are in free fall. Even BHP, NAB, MQG. Charts look so ugly and have never seen this in 15 year charts before.
 
ive been watching ago for ages now and yes i do hold. at the end of the day, they are going to start mining dso in october this year at 1 mt/year to start with. I Put this mob in a similar grouping as TTY who starting shipping a few months ago... give them time,they are 2 juniors who are taking advantage of the boom in the next 2-3 years... sure the share price has been up and down like a yoyo following the all ords, but who knows who they might take over when they are all cashed up in a couple of years!
 
ive been watching ago for ages now and yes i do hold. at the end of the day, they are going to start mining dso in october this year at 1 mt/year to start with. I Put this mob in a similar grouping as TTY who starting shipping a few months ago... give them time,they are 2 juniors who are taking advantage of the boom in the next 2-3 years... sure the share price has been up and down like a yoyo following the all ords, but who knows who they might take over when they are all cashed up in a couple of years!

I haVe had pretty much all of those stocks and made small profits except mmx sold @ $6....good win. I never hang on too long...just take a profit...so many people focus on where it might go the long term rather than where the price is right now. Trading, exchange makes money..sitting and waiting is passive and doesn't do much at all.

its all about turnover
 
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