AKK 0.00% 0.3¢ austin exploration limited

todays's trading action, page-20

  1. 1,627 Posts.
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    Sector Lead,

    Having sold at average of 2.45c means I can get 8.8m units at 2.2c. As you can see that I am reinvesting my winnings.

    One thing I find with stocks is that its the 2-3 days after the news announcement. First thing that goes down is trading volume, then it seems to drift.

    2.2c is the support level at the moment. This should hold for a few days in my views.

    I am still looking at 2c or sub 2c (which may not come back to this). The 100 days comment kinda put me off coming back in too soon. I admit that AKK could come out with news of Texas Birch verticals flow rates in between that may send AKK higher. At this stage I am still looking to come back after 50-60 days. May begin to buy back little amounts earlier.

    I am a trader but do research fundamentals. Like the last post from Mr Deeds was referring to; Sentiment, Timing and Fundamentals. You need all 3 to allign to make money.

    In the end the share market is a movement of numbers. If number goes up its good for my wallet but if it moves down then its crap.
 
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