I'm approaching this comment with some defensiveness for i am tired of all the heckling that comes when someone tries to honestly and objectively appraise the trading activity of a share. So here it is:
I hate to say it....and so i won't remind of the last few posts i and others have made where i/we predicted a lower price was inevitable. I can only speak for myself in saying that my comments are, without prejudice.
The only scaremongering that has gone on hasn't been mongering at all and certainly none from me.
With this share coming back down to earth, we have a very simple/basic case of how the second lot of deposit/drilling assays were well under what the market hoped for...then a director or two sold some shares indicating value on or above that price and so everyone followed suit...and all along it was being ramped with positivity (nothing sinister) and it was always being pushed by manipulative money men to get it to its IPO/Float price.
When the latter failed, the share had no choice but to come back down to sub 15.5c levels as it was the next support line.
NOW - you have a situation where 12 c is the next support level and if it falls through that level, then 10.5 is under it and if it falls through that, then 9.8 is the next level in line.
No one can say they weren't warned, so if you made money be responsible for it and either buy or sell, but don't blame anyone for what happens to your money from here.
The day traders (not necessarily from HC mind you) and big money men will always ramp up a share at this price by about 1.5 cents before then letting it back down gently, so as to pass the support line twice and to trick a few ppl into positivity of a retrace occurring. IMO, don't fall for it, the ultimate direction is towards 12 cents today. I got it right yesterday at 14.5c for close and i believe it will be 12.5 today at close.
Remember - 12c is the target on the shorters list of activity today IMO.
All the best
AVB Price at posting:
14.0¢ Sentiment: ST Sell Disclosure: Not Held
