ALK 3.30% 44.0¢ alkane resources limited

back in at a$1.81 in states on wednesday

  1. 1,165 Posts.
    Yesterday at 10:55 AM with ALK at $1.75, I posted that I thought the low $1.70s would be the bottom of this correction. The stock got down to $1.73 yesterday and came back nicely on good volume to close up. To a non-technician, it looks something like taking out the far too rapid price rise over several weeks, like tending to a big gap up. So, waiting in the wings to get back into Alkane, today (Wed) in the States I bought ALKEF at A$1.81, putting my money where my mouth was! Time will tell if this was a smart or stupid move.
 
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