AVB 0.00% 16.5¢ avanco resources limited

a static valuation comparison , page-29

  1. 12,412 Posts.
    lightbulb Created with Sketch. 3790
    Amulett, the buy side looks very thin and that is not manipulated as there is no sell wall that could scare buyers away.

    We have to admit that despite the fantastic fundamentals the buyers are currently not interested or don't show their hands hoping for a cheaper entry.

    A few days that way and we are back below 10c.


    Of course any decent news could reinstate buyers interest but when we hear every day that the NYX will collapse due to the fiscal cliff, Greece will go bust and Europe will fall apart then there is no wonder that serious investors will wait for the things to unfold. If the metal prices continue their dive then the wider market ignores the potential due to fear in the same way the market ignored warnings by sending some stocks sky high due to greed.

    I sold half last week just in case to buy back cheaper if possible. Normally seconds after I sell the stock shoots up but this time that trick did not work which means for me always the stock will go down further.

    The next days will tell us more, we have to wait and see.
 
watchlist Created with Sketch. Add AVB (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.