AOE 0.00% $4.68 arrow energy limited

bg commentary, page-5

  1. 163 Posts.
    Cheers EL,

    HC introduced me to gaps, would never have believed it to be reality but see it proven time and time again so am slowly becoming a believer. I, like you, are pretty much fully invested, and really thought it was a gap AOE would not revisit, so no opportunity to top up at these levels. Hesitated for less than 20 seconds the other day on the 3.80 support level, and lost my chance.

    The double whammy here is that AOE and BOW in particular have undergone substantial retraces since mid 09 and they had just broken out of the downward channel for the next leg up when this latest correction hit.

    So I think to sell out now would be a bad idea, and those buying in now are very fortunate, however, notwithstanding a takeover (which the contrarian in me now believes to be very much on the cards with everyone having given up on it) we'll have plenty of time to jump on board when things fire up again!

    Regards
    Scott
 
watchlist Created with Sketch. Add AOE (ASX) to my watchlist

Currently unlisted public company.

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