welcome back muppet missed your incisive posts... Regards

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Northen_munky

9,828 Posts.

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26/02/16

00:29

Post #: 17120578
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Originally posted by muppet655 ↑

Still here Frank, realised that I was posting WAY too much, induced a bit of confirmation bias (and was encouraging my own buying regardless of what was happening), macro picture has been and still is ugly. I admit to selling a few (never thought we'd go sub 70 cents again!) - mainly because I was way over exposed and need some funds soon - I have a decent core holding that won't be going anywhere, I'm so convinced that AJX has great prospects that the only way I see it failing in the long term is a total global meltdown or other low probability event - if that comes to pass I think the financial fall out will be the least of my worries! Much happier now that I'm only exposed to the degree that I can truly afford to lose it.

The way I see it there are many sitting on huge profits who are/have been happy to take some off the table and chance a trade back for a lower price or who are just happy to wait for the global picture to become clearer. I also think AJX is still a few quarters from the financials being undeniable, current levels could represent amazing buying or just a bit more distribution before a real bottom searching exercise begins - if the US markets tank to levels of support suggested by some observers there's every chance of a broad based sell off, particularly in speculative stocks - if that happens I'll be buying more where possible.

Looking forward to announcements, only expecting fireworks in the second half of the year but happy to be proven wrong!

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welcome back muppet missed your incisive posts...

Regards

AJX Price at posting: 74.0¢ Sentiment: Buy Disclosure: Held
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Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $18.74M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	84317	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	100000	1

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No.	Vol.	Price($)
1	84317	0.011
5	4722035	0.010
3	511210	0.009
2	182600	0.008
1	200000	0.007

Price($)	Vol.	No.
0.012	100000	1
0.013	1758914	3
0.014	363311	2
0.015	1036316	3
0.017	106500	2

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welcome back muppet missed your incisive posts... Regards

ACCC raises competition concerns about acquisition of Lendlease projects

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XReality Group wins $800K contract from Aus Government for military and police VR training tech

Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26

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welcome back muppet missed your incisive posts... Regards

Top Stories

ACCC raises competition concerns about acquisition of Lendlease projects

Askari sets exploration target of up to 323K ounces Au at Burracoppin

Latitude 66 Shares Surge 8900% on Promising Exploration Update

XReality Group wins $800K contract from Aus Government for military and police VR training tech

Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26

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