AHN 25.0% 0.3¢ athena resources limited

Ann: Ceasing to be a substantial holder, page-40

  1. 7,171 Posts.
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    The chart looks pretty worrying under 1.6 here is looking dicey, 1.6 has been support for the last 6 weeks, no real support under neath this level, if we go under 1.4 Ill stop myself out. Still holding and looking to take profits at 2 or higher.

    Dont know if your taking a shot or asking sincerecely, but my honest opinion here is that Im thinking that Sunset is exiting, so given that they have 40 million left as of the annoucnement, since then we have had about 22 million sold.

    Actually not a bad sign to see that the demand can soak up 22 million of dumping and only go down a tick or two. So I would think if it is Sunset getting out, they only got another 20 million or so to dump, once the sell supply of sunset exiting is done you would hope would be a quick bounce back so I would look for that, only spanner in the mix is if they are getting out based on bad inside info. In which case just protect yourself with stops.
 
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