APG 0.00% 0.2¢ austpac resources nl

.12 cent target, page-12

  1. 445 Posts.
    re: .12 cent target great minds think alike will
    I must admit it is quite amusing. Two weeks ago I was saying a target of 10c and was being bagged out for being ambitious. Now I am being bagged out for being pessimistic.

    For the record, I agree that 12c is not unrealistic BUT yesterday EARNIE said it would not go below 6.5c.

    If there is no news, then what will drive the SP up. Day traders are looking for momentum and at the moment the momentum for APG is down.. We have lost 1.9c in 3 days. 5c is only another 1.3c away. I fear there is more selling to come. This is not a downramp, because I have said the stock will go up but maybe not today or tomorrow. Next week on the other hand is a totally different scenario.
 
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