AYN 0.00% 0.1¢ alcyone resources ltd

12c a tough nut to crack, page-3

  1. 12,882 Posts.
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    Several possibilities for the 12c wall:

    1. Capped to accumulate
    2. Traders happy with a 0.5c-2c gain
    3. Broker selling for a big client
    4. Investors losing faith


    Today we saw the first wave of impatient people selling because the "pouring"-news did not come out in May. If I would run the company I would have come out with an update regarding that milestone, PR is important even if they had to announce a delay. But no ann. is always interpreted as a cover up for huge problems.

    Anyway great to see that the early sell-off was absorbed, so we should be confident everything is and will be o.k..

    The only thing to "complain" about is that AYN is hard to day trade unless you've got orders in the front.
 
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Currently unlisted public company.

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