Not at all ... a lot of HCers know I live in Kiev - been here 5 years and work for a Ukrainian investment bank when we have deals to work on.
When we don't I am running a portfolio of speccy Aussie mining stocks with my own cash.
I have actively been in the sector since 2006 and I am most suprised at the recent market response to AZS's recent ANN.
Seeing 6mn+ bids appear at market this morning, then seeing them all disappear 15 minutes later makes little sense to me.
Props usually appear further down the bid queue, propping at market runs the real risk of them being filled so did that buyer really want 6mn shares between 7.2 and 7.4 or did his pet cat walk across his computer keyboard?
My entry was mid 7s which on balance I consider extremely cheap but it would appear others disagree with me and are selling down to 7. Still think I am right and they are wrong though.
EB
AZS Price at posting:
7.2¢ Sentiment: ST Buy Disclosure: Held
