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ORE - Addition to ASX 200, page-17

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Foglefar

324 Posts.

03/09/16

09:38

Post #: 18905169
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Originally posted by rizzla ↑

i think this weekly chart makes things quite clear.

a well-established downtrend and all indicators negative. might see some support at the old resistance levels around $3 but more than likely it will fall through into the $1.60-$2.90 range.

clearly a sentiment and speculation driven ramp up to unsustainable levels. while the future and fundementals are bright, the company just isn't making any serious money, so a collapse to fundementals was always going to happen

hope not too many of you have been caught out. averaging down from there is not a good idea imo.
Really?

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"not making serious money"
Hmmmm. 2000 tons per month @ US$6500+ profit per ton = $13,000,000 profit per month. Rough figures but we'll see in the annual report in a few days. I note that your posts on ORE are always promoting the negative and you were silent during the rise in the first half of this year. Are you shorting?

ORE Price at posting: $3.73 Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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