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AGE Daily Report, page-389

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Caterpillar28

55 Posts.

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26/09/23

18:00

Post #: 70037398
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Originally posted by dc1234: ↑

Has Mr Greg severely let down the shareholders?
.
Yes AGE lost 1 pip to finish at 5.3c. Our volume was very high, just like yesterday - just over 93m shares traded. So started with good intent but soon wilted under the pressure of CR. Mr Greg has basically killed the momentum for his petty gain. This was the time in last 2 years that share prices were moving up in good way, yes, first time in two years. And what did Mr Greg do? He was found wanting on a number of front with a question mark now on his actions. Leaders should use their knowledge and experience to assess the situation, in this case where the current market is, and what can CR do. He failed miserably to understand this situation. Also leaders need to have courage to hold and not succumb at the first instance - he went for CR at the first opportunity in the rise. So both on knowledge and courage he has been found wanting and us shareholders will now suffer because of that. Many will say its short period etc - but last few day's trading may have opened the eyes for some that its not easy after taking such a decision. We can still move, but it has been made so much difficult now because of the CR. I usually refrain from commenting like this and instead focus on markets and price action, but last Thursday I realised the gravity of the situation and wrote a separate post - that time many may not have understood, but reading now may show why I was so concerned. Here's the post

https://hotcopper.com.au/threads/age-daily-report.7085610/page-7#post-69965778.
The positive is that sector is doing well. And more importantly volume. Very high volumes are churning for AGE. Its clear some big entities (brokers etc) are in play. And they are controlling the price for now. This big volume shows that lot of interest is there. The thing is we don't know what their plan is. Are they accumulating under the pressure of CR? Or are they holding the price here till CR? Or some are exiting? I think it is now in the hands of those big players. We can only hope that they have good intent. AGE is slowly falling much behind other U stocks. Its a double edged sword. For some it may look like good time to buy more. But many others may feel that AGE could get stuck here for weeks and weeks so get out from her and play elsewhere. Personally I didn't do anything with AGE today. I want to see what the big boys want to do. There is a chance that suddenly one day they will push it 30 to 40% in a day, after having their fill. Else Thursday could give some indication. Lets see.
.
ASX U again had another good day. Of the 28 stocks that I track, average gain was around 5%. So back to back 5% gain days - very bullish.
.
Overnight US U stocks also did well with average gains of over 6%. U Futures on trading view still showing $65.50 though some claim we have crossed 70..
..
.
What next:
.
SP 500 had a good day yesterday with around 0.4% gain. ASX though was not having that, lost around 0.5%.
.
Yesterday I had written this - "Based on my reading, the most likely scenario is that SP 500 from its current level of 4320 will go towards 4280, then get a bounce towards 4380/4400, then get rejected there, will fall around 4200 level to form final bottom. All speculative though." Somehow it played that way. Dipped below towards another number I have been calling for a long time - 4300 - and then reversed - did not go to 4280 but 4300 itself was a crucial zone. So if what I wrote yesterday is to stand and it played out accordingly yesterday, we should see SP 500 rally towards 4380/4400 and then reverse.
.
Analysts are mixed at this stage. Many believe in the theory that SP 500 will bounce up another percentage or so from current 4337. But there are few who say that we will be going down shortly, many shorters may have got squeezed yesterday, and could get more or but many will push it down. There is some who also believe that we may have done the final bottom for the year and will now move up slowly towards 4600/4800.
.
Lead indicators were mixed. Though VIX fell, Yields made another big gain, Dollar index too increased. Bitcoin stable, sitting in a corner and watching what may unfold.
.
So what will happen tonight? US Futures in some red. Asian markets were largely red even though US markets were in green yesterday. Technicals pointing that the bounce may continue, but many fundamentals pointing towards further loss. Will the Technicals win and push towards 4380/4400?. Lets hope so. All the best..

Expand

Originally posted by dc1234: ↑

Has Mr Greg severely let down the shareholders?
.
Yes AGE lost 1 pip to finish at 5.3c. Our volume was very high, just like yesterday - just over 93m shares traded. So started with good intent but soon wilted under the pressure of CR. Mr Greg has basically killed the momentum for his petty gain. This was the time in last 2 years that share prices were moving up in good way, yes, first time in two years. And what did Mr Greg do? He was found wanting on a number of front with a question mark now on his actions. Leaders should use their knowledge and experience to assess the situation, in this case where the current market is, and what can CR do. He failed miserably to understand this situation. Also leaders need to have courage to hold and not succumb at the first instance - he went for CR at the first opportunity in the rise. So both on knowledge and courage he has been found wanting and us shareholders will now suffer because of that. Many will say its short period etc - but last few day's trading may have opened the eyes for some that its not easy after taking such a decision. We can still move, but it has been made so much difficult now because of the CR. I usually refrain from commenting like this and instead focus on markets and price action, but last Thursday I realised the gravity of the situation and wrote a separate post - that time many may not have understood, but reading now may show why I was so concerned. Here's the post

https://hotcopper.com.au/threads/age-daily-report.7085610/page-7#post-69965778.
The positive is that sector is doing well. And more importantly volume. Very high volumes are churning for AGE. Its clear some big entities (brokers etc) are in play. And they are controlling the price for now. This big volume shows that lot of interest is there. The thing is we don't know what their plan is. Are they accumulating under the pressure of CR? Or are they holding the price here till CR? Or some are exiting? I think it is now in the hands of those big players. We can only hope that they have good intent. AGE is slowly falling much behind other U stocks. Its a double edged sword. For some it may look like good time to buy more. But many others may feel that AGE could get stuck here for weeks and weeks so get out from her and play elsewhere. Personally I didn't do anything with AGE today. I want to see what the big boys want to do. There is a chance that suddenly one day they will push it 30 to 40% in a day, after having their fill. Else Thursday could give some indication. Lets see.
.
ASX U again had another good day. Of the 28 stocks that I track, average gain was around 5%. So back to back 5% gain days - very bullish.
.
Overnight US U stocks also did well with average gains of over 6%. U Futures on trading view still showing $65.50 though some claim we have crossed 70..
..
.
What next:
.
SP 500 had a good day yesterday with around 0.4% gain. ASX though was not having that, lost around 0.5%.
.
Yesterday I had written this - "Based on my reading, the most likely scenario is that SP 500 from its current level of 4320 will go towards 4280, then get a bounce towards 4380/4400, then get rejected there, will fall around 4200 level to form final bottom. All speculative though." Somehow it played that way. Dipped below towards another number I have been calling for a long time - 4300 - and then reversed - did not go to 4280 but 4300 itself was a crucial zone. So if what I wrote yesterday is to stand and it played out accordingly yesterday, we should see SP 500 rally towards 4380/4400 and then reverse.
.
Analysts are mixed at this stage. Many believe in the theory that SP 500 will bounce up another percentage or so from current 4337. But there are few who say that we will be going down shortly, many shorters may have got squeezed yesterday, and could get more or but many will push it down. There is some who also believe that we may have done the final bottom for the year and will now move up slowly towards 4600/4800.
.
Lead indicators were mixed. Though VIX fell, Yields made another big gain, Dollar index too increased. Bitcoin stable, sitting in a corner and watching what may unfold.
.
So what will happen tonight? US Futures in some red. Asian markets were largely red even though US markets were in green yesterday. Technicals pointing that the bounce may continue, but many fundamentals pointing towards further loss. Will the Technicals win and push towards 4380/4400?. Lets hope so. All the best..

Expand

Last edited by Caterpillar28: 26/09/23

AGE Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
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Last 3.8¢		Change -0.001(2.56%)		Mkt cap ! $147.0M

Open	High	Low	Value	Volume
3.9¢	3.9¢	3.8¢	$87.15K	2.258M

Buyers (Bids)

No.	Vol.	Price($)
36	3466363	3.8¢

Sellers (Offers)

Price($)	Vol.	No.
3.9¢	930330	21

View Market Depth

No.	Vol.	Price($)
35	3268906	0.038
20	4367716	0.037
14	2758154	0.036
14	2041916	0.035
8	1905950	0.034

Price($)	Vol.	No.
0.039	930330	21
0.040	482769	7
0.041	1169696	11
0.042	2458226	17
0.043	629000	5

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AGE (ASX) Chart