AAI PRX ADS ADO AEH CQE AFJ AGI AVR AJD ALK ALU AMX ANI AOH AQG AQP ARP PRN ASZ ATU AVG AXZ BGA BNO BOL BTR BYI CAJ CCU CLE CFU COF CPL CRH CTP CUE CVO DCG DDR DLX DML DSH DYL EAX K2P EPW EQX WJA EVR EWC FLK FLN RHK FND NOU FSA GAP GBG GBT GCS GDI ETM GHC GID GJT GNG GOW GDA GRY GUF GXY HIG HPI IAG E88 ICN ICQ IDC DXI IPP ISN JHX JPR KPL KRL KRM VBC LSA MCE MCR MCS MEO AZT LCL SYM MNW SVR MOY MPO MRP MVP MYE NCM NCR NEA NEN NEU NSE NSR NXS OFX OMH OZL PAN PBD ATH PCL PEN PGH OVT IMM QAN AX1 REA RKN RXP SAO SBB SDF SDM SEH SHJ SIV KLS SLR SMX SWL TAP TBR TFC TGP TGZ AUK UGL VAH VED VEI VET VLW VOC VTG WBA WDS XRO ZNZ ZSP

Ann: S&P DJ Indices Announces March Quarterly Reb, page-28

  1. nordesmic
    4,302 Posts.
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    07/03/14
    16:57
    Post #: 13098416
    re: Ann: ZSP: S&P DJ Indices Announces March ... There is simply very little buying pressure in Alkane at the moment. It doesn't take much selling to knock it down and the ASX300 announcement seems to have done the trick.

    I don't think the exit from the 300 will have a huge effect in the next two weeks. Be interesting to know how many funds actually have the ASX300 in their mandate. ASX200 much more important.

    Price is now back at what has been a minor support level. ~35 cents was also what CCAM paid for their 2 million shares in a block trade back in January. I assume they're still in the market and could potentially acquire any ASX300 fund shares in a block.

    Medium term I see good risk/reward at these levels. 9 months have now been spent in the range 25-45 cents. Not one for the impatient.
    ALK Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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