Short Term Trading Weekend Lounge: 26 - 28 Aug, page-285

  1. 35,472 Posts.
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    Wrote this 22nd Aug....Don't think I got a response from memory. AJM was 13.5-14c.

    "Apparently AJM DFS is also due by end Sep.

    AJM has been hammered last few months.
    I am getting interested at 10c, wow, a Lithium play...but looks like a good trade if it can put a good reversal hammer off 10c.


    Does anyone think a AJM/ PLS tie up like GMM/GXY is likely?

    thoughts?"

    3 days later PLS announce co-operation agreement with AJM. AJM bounces from 11c to 15c.

    I was watching very closely at 11c looking for that hammer, then the news came. DOH.
    I am going to buy AJM for LT now if it retraces...as I think AJM has more upside than PLS, much like GMM did with GXY.
    Last edited by Sector: 28/08/16
 
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