AGE Daily Report, page-401

Another day in wilderness?
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Yes AGE lost 1 pip to finish at 5.2c. Our volume was very high, just like last 2 days, very close on volume - just over 86m shares traded. So traded in a narrow range around CR price. Volume still very high, which gives hope of a break out some day, but otherwise the big traders have decided to keep us here around the CR price for now.
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Lot of argy-bargy going on around CR process. This is my last post on that subject. Although I have expressed my displeasure on the process, but I also know that we have to move on. Something happened, some may like it, others not - which is normal if anything controversial happens.
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Couple of points I would like to make before I close this topic, at least for myself, others can continue if they wish.
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I have been here posting nearly every day for last 2 years and would have read nearly every post in last 2 years. Just by posts, playing style, we know how people want to play out. There have been a number of posters who haver been saying for last one year that AGE is one of the best stock to hold, one because of tenements, second because AGE has got so much cash that it does not need to do any CR for next couple of years. When MR Greg comes out with CR at the most inopportune time - what are those posters saying? Well done Greg for taking the company forward. I don't get it. But I also don't get a lot of things. The way I look at it is that everyone has to find their own way of living which suits them - so I understand from that point of view. For me, I always try to be objective, again from my point of view only which many may not agree to. So although I am holding, if something doesn't look right - I will call it out, rather than say it was good.

Second point is around how some people react to how others want to play. I have been very clear in all my posts that I keep a portion of my shares that I keep for long (don't do short-term trades) and a set that I trade. I like it this way. I enjoy trading. I feel there should not be anything wrong about it - its individual preference. But time and time again over a period I come across some who show contempt for anyone who likes to trade - pip-trader, day-trader, small mind set, etc. And speak as if one is standing on a very high moral pedestal and who ever does not follow their strategy is to be derided. I have never understood this theory. We are all here to make money. Long-term, short-term, day-trade, etc. We are not here to do service to Greg, or to AGE, or doing a philanthropic work by buying shares in a Uranium stock so that nuclear renaissance can happen in Australia. We are all here to make money. When one goes to casino and plays roulette, some play black/red, top/bottom, line, corner, spread the numbers etc. Its not that those who play the numbers and spread it are on a moral pedestal. Or they are going to win. If there was one strategy of playing which can guarantee a win, every one would play that way. Same is in stock market. So there is no right or wrong, its individual choice, and those people are not to be scorned because we all essentially are doing the same thing - finding ways to lose, sorry gain money.
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ASX U was bit wobbly today after US U stocks dropped a bit. Of the 28 stocks that I track, average loss was around 1.5%. We gained 5% yesterday, plus a number of big stocks were quite strong and did new 52 week highs - so still bullish from that point of view
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Overnight US U stocks also eased a bit with average loss of over 2%. U Futures on trading view still showing $65.50 though some claim we have crossed 70..
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What next:
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SP 500 had one o its worst days of last 6 months, losing around 1.5%. ASX though was not having that, just like yesterday playing opposite, lost just 0.1% - may be expecting a rebounce tonight?
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So SP 500 has broken another key level of 4300. I had 4 numbers - 4330/4300/4250/4200. SP 500 is now on 4273. So its going in the direction which many were expecting and I have been writing for sometime. Also fits in with seasonality where last 10 days of September are worst days of stock market in a year..
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Analysts are again mixed at this stage with some thinking a short-term bounce may happen because its very oversold. But most agree that charts are not looking good. A head and shoulder pattern has played out in SP 500, Nasdaq and many individual stocks as well. Its supposed to be bearish. They say it may fall the same level down from neckline as it is to head from neck. If it plays out that way, number is 4070 on SP 500. Stocks don't have to follow charts, but something to keep an eye on.
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Lead indicators were bad. VIX 12% increase, Yields made another big gain, Dollar index too increased. Bitcoin stable.
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So what will happen tonight? US Futures in some green. Asian markets were largely green though not much. Yesterday both were red, and we got red. Today both are green - so will we get a green?. Lets hope so. All the best..