AYN 0.00% 0.1¢ alcyone resources ltd

selloff today is healthy for medium term

  1. 294 Posts.
    It's quite common for a small cap stock to have a decent run up on good news and then pull back as profit takers move in. This can last for about half to 75% of the time it was rising.
    With production results due out any day, I'm not interested in trading this correction. Still, a sale at 0.092 and getting back in today @ 085-086 would have been a good trade.
    Should hold above 0.084c.

    I emailed to Co today asking what affect, if any, the flooding and heavy rainfall throughout SE Queeensland was impacting their operations and if any damage caused. Hopefully they won't end up with a flooded mine.
    No response yet from AYN.
    I wouldn't be surprised if they had to halt production for up to a month. The rainfall figures are huge.

    I guess we will be told if any impact in the next few days.

    The silver will still be there!!













































 
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