ADY 0.00% 1.2¢ admiralty resources nl.

I think four things are worth noting:1) ADY has released 3 anns...

  1. 375 Posts.
    I think four things are worth noting:

    1) ADY has released 3 anns in as many days - rare in its own right - but each being positive in content
    2) There was SUBSTANTIAL off screen buying during the run (and of course on Friday) with whole lines of sellers taken out in one hit
    3) the close was engineered to be 27.5c - just look at remaining Market Depth - 4m vs 1m 28c sell depth - this was in line with VWAP of 27.5 - the mainstay of measurement for insto's.
    4) Run happened on a down day for ASX and after one of worst periods on Dow Jones

    This share has always been subject to games and the last three days have been no different - but the bulls are firmly in control and subject to DJ being half sensible overnight - we should probably expect a gap up in the morning, probably a small rally just touching 30 again before consolidation.

    The fundamentals of ADY are looking good and the share action/volume looking good ....
    just my thoughts

    Please DYOR
 
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