APG 0.00% 0.2¢ austpac resources nl

HI JAWSEYI am trying to make sense as to why anyone would get in...

  1. nb1
    869 Posts.
    HI JAWSEY
    I am trying to make sense as to why anyone would get in line to sell @.95c or even 10 c
    I understand if u need cash sometimes u have to sell
    but if u need the cash that bad why not meet the market at 9.1c
    its only $400 less on 100000 shares ie 9100 as opposed to 9500
    mind you it suits me because I trade cfd's and have limit buys at 1/2 c intervilles all the way from 10.5 to 20c for 100000 at each interval cause when apg fires on some great news(and its coming ) why would u walk in front of an express train

    I can understand some may want to take a small profit @ 15 or above hoping for a pull back but why would u get in line up to 10c or 4 that matter before 15c
    anyone got any ideas

    looks like all well with newcastle according to Earnie & Ben spurgon who have both been there, fantastic progress and in front of schedule.
    Once BHP finish Multiserv start and by the end of the year all being well ,I can't see an S.P. below 50c
    and thats not even considering a possible announcement gold .
    With that in play i wouldn't even have a guess at the S.P
 
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