What an absolute blood bath today , though a good day to average...

What an absolute blood bath today , though a good day to average down the holding price and an oppurtunity to do a short term / mid term profit in coming weeks but not a ln ideal situation. It was sitting at perfect levels of .130/.135 until last week and announcements would have helped it to go past previous highs . This carnage today would delay the process as with positive announcements it shall rebound but instead of .20 it might stop at .17/.175 now ..lots of patience needed and it’s a long term gain


Why the sell out today , few possibilities

1) One of the major shareholder , ran out of patience changed the strategy to invest in some other sector and Liquidated some of its position.

2) Some Major Player or A Big Holders Long term capital gain kicked in and they started selling to cash in from .125 and did an average sell at .11/.115 . They might start accumulating soon when ammature investors panic sell .

3) Some one knows a critical piece of information and has liquidated his position .
( Leaked Thackaringa results which might not be as good and thus the sell off ) .


4) Lack of patience and decent profits from AUZ and alternate better opportunities on other stocks and thus the sell .

5) or just a Red Monday and all of us Anticipating Green rest of the days !

Good luck to all holders and hope the results and offtakes are in positive track and things are progressing in right direction. Rest all is immaterial

Cheers
Trading Guy