should we be worried?, page-7

Mate if you've been with AVB for a longer time than I am, the you should know it's intra-day trading pattern. And HC is not the best place to get advice.

Have a look at the charts starting Sept 20. There were traders who bought at 8.2c but then probably sold off after AVB dropped to 6.3c.

For a couple of days AVB was trading at between 7.3-6.3c. It went as high as 10c only to drop to 8.9c. Now we are above 10c. We hit 20c on a couple of occasions. And she's dropping for 2 days now.

Is there bad news? Is the company in debt? Is the news about some MOA or some deal or sophisticated investor? No, so I don't see a reason to sell.

I expect to see a trading some sideway action before the next move up. I thought today we would breach 20c but unfortunately that did not happen and support at 17c was broken.

So where to now? I'm still holding as by the time the news arrive, I reckon we would probably be trading in the 30c-40c range. Or 3c to 4c lol if news is sooo bad which I doubt.

Good luck.

Masel
Holding AVB since 22 Sept 2010.