AVB 0.00% 16.5¢ avanco resources limited

this selling is relentless, page-15

  1. 1,362 Posts.
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    It's interesting that mant of the sells were in the afternoon

    So I think there might have been some margin call rebalances

    Avb got the short straw hence the sells

    Bet there are high buys of other stocks that have got some punters in the margin call squeeze

    Avb buy side is much stronger now and I think we are close to fair value for avb

    Copper continues to hold at 3.30 dollars per pound

    I think that avb had a good considering the carnage on the broader market

    5.4 c seems to be the resistance because it was sold down at about 3.30 but was quickly replaced with new buyers

    To me broader market is starting to consider that avb is worth something in 2014

    Potential million tonnes deposit has to be worth something especially as moves are being made to get the stuff. Management aren't trying to find more but getting to out to then produce more funding to find more copper

    Avb is a no brainier long term even if the broader market is a bit wobbly

    Punters always need a new darling

    Avb I think is the one for 2014

    I think the issue is about trust .... That will come soon as news comes out of the bunker

    We are on the cusp

    I myself are loaded up as well looking to buy more

    All the best everyone



 
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