AYN 0.00% 0.1¢ alcyone resources ltd

not worried at all but getting excited, page-29

  1. 230 Posts.
    @ xenith69,
    sometimes wealth preservation rather than hope & faith are the right things to do, no matter how against the grain it may feel like.....Yes I know it crystalises a loss, however it may also minimise it.
    It's a lot easier to hold if a flash crash has occurred, which in all probabilities should bounce back up.
    Watching a slow grind downwards is infinitely harder to act upon.
    The fundamentals of AYN are certainly there and in the medium term will be a winner no doubt.
    I would suggest watching the US dollar index and pay attention to when (if) it tags the 200 day moving average.
    As a guess, somewhere around the 77.3 mark.
    Then take stock of what I had previously posted re:QE3
    Alternatively, look for the "Summer Doldrums" in PM's which may bring you to a possible re-entry point around mid Aug, maybe Sep.

    Genuine Good Luck to holders.
    Disclaimer: all this is my opinion only. People should make their own minds up on whatever research they wish to conduct.
 
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