Thank you for your comments and might I suggest don't place your buy and sell decisions in concrete (says he smiling). If AAM hits 5 cents it might not look so good. How many of you bought when it was at it's previous low at 6 cents in 2008?
I note "Trainer25" is lowering that sell from "at least 25cents" to "at least 18cents". There's a large overhang of "suffocated investors" at both prices.
I played Babcock and Brown in their last month. 1. Bought 10,000 at $1.08 2. Sold 5000 at $1.80 5 days later 3. Sold 5000 at $1.24 2 days on (as it reversed) yep should have sold all at $1.80 ..... but then 4. Bought 10,000 at .27c 2 days later (yep it FELLLL) 5. Sold 5000 at .365 20 day later (should have sold the lot) THEN it got de-listed. HA ha to me. ok I was in front But .......I let emotion and my "smart as" cloud my focus even though I knew it was 90% cert to de-list.
We're small fry paying a game against insiders and large manipulators who often know what's happening.
I guess my take is that the market has lots of fish. If the place that I'm fishing is NBG move to find the fish... if the fish move back to the first place ....then go join the other anglers again.
I've swapped to other gold stocks and Uranium stocks which looks better on the charts. Uranium like DYL, UNX, BLR, TOE, I think BLR is worth a punt. look at it's daily weekly and monthly charts.
regards to all
AAM Price at posting:
10.5¢ Sentiment: None Disclosure: Held
