APG 0.00% 0.2¢ austpac resources nl

I agree this is a healthy retracement and the price will move...

  1. 623 Posts.
    I agree this is a healthy retracement and the price will move back into the 7's by the end of the week....We have seen since friday a few high volume single trades go through at market or below and then a whole pile of small trades follow.All this shows is that people with large quantity's of shares in APG have taken profits because of the recent high prices and like usuall with APG and smaller/very volatile companys, all the small share holders take emotional exit's because they think the price is going to drop dramatically, which ends up happening until it reaches sum sort of resistance which we have seen at 6cents......if you look at the charts which Flevine posted, APG has had highs alot higher then 8.3cents which we have seen in the last few weeks with ALOT LESS VOLUME GOING THROUGH.I believe APG is at the end of the process in regards to development with these technology's.APG will sign or sell their proceses's which they have been working on since the 80's to BHP or some one else which only means price will go alot higher then our 12cent figure......ALOT of volume has been going through,more then ever before.Could this just be another flop in APG's chart ?? ........i DON"T beleive so !!

 
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