cc, Your original statement in regard to directors was that they...

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strike101

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28/06/22

13:14

Post #: 62248463
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Originally posted by candidcamera: ↑

Shorts on AZY are up 800% since April. Still a small number at 0.08% (about 250m shares) but the percentage increase has been rising rapidly and steadily with no retreat over 3 months. I had an order in for 3.0 but removed it today, now holding out for the 2.5-3.0 range. A cap raise around current levels will see the share price drop a minimum 20%, so I think there's a good chance of reaching my target. For anyone who is waiting to buy and therefore wants the price to drop, be patient.

Some think it's a kind of betrayal to trade AZY shares. I don't get that thinking, but have no problem with those who do. As I see it, it's a good strategy and no different from AZY company directors who have been doing that for years. Power and Rodda in 2020, for example, each sold 5m shares at 4.8 cents that they had bought (i.e been awarded as options) at much lower – 1-2 cents from memory. I thought it rotten at the time, selling on the same day that Power was at a conference encouraging people to buy, but later saw the sense in it (although still think it's a nasty practice).

Good luck to all, in whatever strategy you employ. At the end of the day, it's all and only about making money, so however that is accomplished is a good way.

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cc,

Your original statement in regard to directors was that they were trading shares and had been doing so for ages. To quote you "Some think it's a kind of betrayal to trade AZY shares. .... AZY company directors who have been doing that for years. "

No one has said it is a betrayal to trade shares.

One or two sales over number of years is hardly anyone's definition of trading.

AZY Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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