i escaped too.

Sorry folks i bailed on ALD Last night,
Quite by accident actually,

I had high hopes for this stock, it looks good but somethings given me the creeps about it-(maybe reading the HC bad press!)

I was looking for it in my portfolio last night and couldnt find it only to see that an old conditional order i had set and forgotten about had executed DOH !

Thats the trouble with conditional orders on bell-you forget about them easilly as not displayed- By the way does anyone run an after market trading platform off a 'live feed' to trade or simply commsec/bell/Etade, would be interested to hear what people are using, how do you fund those after market things i dont quite get how it works,

Anyway back to topic
So as it turns out it wasnt too bad for me last night
270.00 profit in 3 weeks on with 2k in isnt exactly hectic but none the less respectable in these uncertain times. But have i made a mistake...

i got in at .30 if i can get in at .29 again i think i will.
but the lack of any real decent annoucments is frustrating.
the fact they awarded a contract to someone is no great news- to me it means they will use up valauble cash reserves quicker.

On the plus side at the height of the bad times (feb 2009) it only fell to .195 which suggest things are not to bad, You can draw lines and candlesticks all day long but to me thats all i need to see to expect it not to fall past that level for a long time, bad companys were killed in jan/feb 09, ( Bhp was 19. Rio .37 )

My 3 Cents .. i think theres potential for ALd but not quite yet. Expecting .27 to .37 up and down for the next couple of months, A look at SMH price history over the year confirms this.
Is that bad - Not at all, Hope to be back on board in high 20s. Maybe the holders are on to something-it wont be long theres enough interest,I think theres a little more profit taking left yet
A rising tide lifts all ships aparently. Anz today said there worried about a retracment, i think we will all be worried about a retracment for the next 10 years, it will take the next generation of traders with Bigger balls -ok the guys that were still in school in the 2009 crash and didnt know it happened) to lift us out of our current fears.

Bonne courage !
Irish Eyes