AGE

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4.6¢ alligator energy limited

Silex isn't an energy stock, it's a tech stock. The fact that...

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Hannabal

567 Posts.

595

04/07/22

17:35

Post #: 62363416
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Originally posted by dc1234: ↑

Sideways movement in slight positive direction

Yes AGE finished 1 pip up on 4.8c. Our volume though was quite low, just under 11m shares traded.

ASX U stocks also made gains. Couple of stocks made some good gains. Of the 19 stocks that I track, average gain was 4.5%. SLX is still marching on. While other stocks have halved in couple of months, SLX has nearly doubled.

What next -

On Friday US markets did well to have a gain of around 1%. That provided a positive start similar to what we saw last Monday. But the gains today were not much for most of the stocks. ASX indices aped US indices from Friday and had gains of around 1%.

So ASX gained around 1% but stocks were subdued, why? One of the main reasons is that we are still in that uncertain zone with fear of recession hanging over the necks. Punters are still not convinced. Volumes are comparatively much lower than average for many stocks. So although many stocks made a very good start in the morning, many gave up the small gains made.

So what will happen tomorrow? No US markets tonight. So ASX should be sideways tomorrow. It has made the gain of US indices of Friday of 1%, so unlikely we will see another 1% tomorrow. US Future in morning may give some indication, but it will not be conclusive. Today, Asian markets were mixed - with some doing gains and others a loss. ASX was the best performer till now. Europe may provide direction for tomorrow. Also, tomorrow is our rate rise day by RBA at 2pm. Expected rate rise is around 0.5%. If the number is different from expected, we may see swings, otherwise it may not have much impact. Lets hope other markets and other data are positive so that we continue in forward direction, even if its at a snail pace. All the best.

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Silex isn't an energy stock, it's a tech stock. The fact that it's a laser tech for uranium is irrelevant when comparing it to uranium/energy stocks.

Thanks for your continued quality input.

AGE Price at posting: 4.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.6¢		Change 0.000(0.00%)		Mkt cap ! $178.1M

Open	High	Low	Value	Volume
4.6¢	4.7¢	4.5¢	$214.1K	4.663M

Buyers (Bids)

No.	Vol.	Price($)
1	121236	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	1111854	5

View Market Depth

No.	Vol.	Price($)
1	121236	0.046
19	2228972	0.045
11	2740237	0.044
10	2233167	0.043
8	1987653	0.042

Price($)	Vol.	No.
0.047	1111854	5
0.048	800000	2
0.049	5610934	17
0.050	901225	8
0.051	4987846	9

Last trade - 16.10pm 04/10/2024 (20 minute delay)

AGE (ASX) Chart

Silex isn't an energy stock, it's a tech stock. The fact that...

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

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Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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Silex isn't an energy stock, it's a tech stock. The fact that...

Top Stories

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Featured News

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Sellers (Offers)

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