AJX 0.00% 1.0¢ alexium international group limited

Report Accompanying National Defense Authorization Act of 2016 to Include Directive about the Use of, page-125

  1. 84,320 Posts.
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    "A trader wouldn't touch this ATM."

    Crikey, I don't know about that one.

    When I was trading - the best, most reliable trades I had was trading long in a rising price channel.
    A long reliable channel - very reliable and very very low risk - if the bugger broke out the bottom - you exited. If it didn't - you waited until it was near the top line and took the profit.

    Second best ------- a horizontal channel ------- not as good - but, still very very good - just as reliable and the downside risk - equal - if it broke the line - exit - when it got near the top of the channel - take profit.

    Any rising or horizontal channel - with a company that has cash in the bank - that's a bingo.

    Have another look - it's not classic up and down waves - but, very much range bound - top line nice and reliable - bottom line will do between 60 and 55 for me - trading wise (trading wise only) - if it went below 55 - I would exit.

    Only talking trading here - I personally as an investor am sticking to this like glue --------- no funny bugger stuff is going to shake me out.

    have a great arvo all ----------- I told you this was exciting - loving it riding the emotional waves

    Beer today -------- Arras tomorrow.

    (actually - that's BS - we are having an Arras this evening - other reason than AJX - still will be an AJX one in the fridge though)

    Pinto

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