hi namronette,
my deepest interest was at 39 - but, to be honest, I didn't do much at all because I actually thought the chart looked like crap. I was hoping for a clear bottom signal, which I didn't get (which is often the case with Alexium - well, it is for me anyway).-
I was really tempted to jump in much heavier just before the prelim. because a. I knew it would read well and b. I thought that the price would move up - which I said months back - but, c. I looked at the chart and I thought - this doesn't look good - perhaps I am wrong - maybe it will move against the news?? after all, that wouldn't be the first time - so
in short - I chickened out. However, also in the back of my mind were a lot of concerns that aren't to do with Alexium - more global (certainly US centric)
I am holding quite a lot of cash and am more than happy to stay that way for sept. and Oct. - although, if one of my favourites really nose dives - I won't be able to help myself I guess
as a whole with the markets etc. I am not happy with what I see - with Alexium - ??? I have no issue with the business at all -- but, the way it's pushed and pulled - I'm not all that convinced with this chart --------- at the back of my mind is - there's nothing new this week than there was last week - so, if that's the case - who is providing the strength? -- not exactly deep market thinkers is my guess -------------- but, who knows -------- a shareprice is a funny animal and has a clear mind of it's own --
One of the best lines and the best truisms was in the movie Wolf of Wall street - where Matthew McConaughe's character Mark Hannah says
"Number one rule of Wall Street. Nobody, I don’t care if you’re Warren Buffet or if you’re Jimmy Buffet, nobody knows if a stock is gonna go up, down, sideways or in ****** circles, least of all stock brokers, right?"
also true of the ASX - perhaps even more so
I also keep in mind some thoughts from Lefevre previously on Alexium and board members
