AIS - EW Chart, page-24

What's not to love... I see nothing wrong with this one. I agree she is worth a whole lot above 13c, I will however play the ebbs and flows when I see it coming. I've come to realise over the years that nothing is sacred in this game and the best stocks for short term plays are also the ones you've owned for a very long time. At the very least you know the FA and TA like the back of your hand and you have the safety net of averaging up due to the built up fat.

With EVN, I've been making a fair bit on selling the peaks and buying back (mostly on the same day) to pocket the difference during this slide. But yes, looks like there have been a change in character and my days of making money on the way down with EVN may be over soon.

The only thing not to love at this point is that the POG AUD is not out of the woods yet. The strong AUD bothers me a bit at this point. The miners with operations outside the realm of the AUD will benefit going forward. A break above the 2018 resistance (at $0.812) and challenging parity will not be out of the question. In such a scenario there will be a substantial hit to the underlying profits for many miners purely with AUD only operations. I even dare say some will be forced to take a $ hedge which as history have shown makes them susceptible to the Pasminco tragedy all over again.