AZL General Discussion, page-6163

Another day of decline on back of ASX

Yes, as I mentioned yesterday LI stocks are tracking ASX. AZL dropped 1c on a average volume of around 22m shares traded to finish on 12.5c. The VWAP average was just over 13c, which probably should have been the finish.

ASX Li stocks had further decline today. Of stocks I track, average decline was around 4%. So now we have had 2 days of similar decline around this 4% mark. AZL declined by over 7%.

We are still trading in the zone 12 to 16c as I mentioned on weekend. This level is standing up very strong. Although we have had 1.5c decline in last 2 days, my gut feel is that we will have a day with increase between 2-3c this week. Lets see. Someone scooped up 1m oppies at 5.2c. I have been buying just over mid 4s last week or so, happy to see more enterprising play. I may have as well, but I feel I have enough for now - have to see a good raise first.

Personally bought more heads at 13c. Had a buy at 12.5c which did not get hit.

What next - dow is again down in pre-market. So indications are for a down day. But my probability theory is telling it should not be big red. So either sideways (slight red/green) or good green. Although not looking good from dow perspective, I feel we may have a good green, lets hope so and all the best.