I think this one is oversold, and is must BUY @ at level!

Sorry, Goldfinger, Nice Charts, Thanks!

No probs Pointdexter i share you enthusiasm and good taste on this stock.

I reckon we are going for p and pretty quickly looking at the steepness of the fall down from this resistance level.

Will be topping up tomorrow aswell at some time hopefully first thing as it rises up.

cheers.

Recent comment from pro chartists Zak Mir on AQP..........

Zak Mir



Reged: 28/06/07
Posts: 1143
Re: Aquarius Platinum.(AQP).
#456865 - 25/11/09 08:16 AM Edit Reply Quote



Shares in AQP have been in a rising trend channel since the end of August, and while above the 10 day moving average at 330p one would expect the upside for the stock to be the top of the rising channel as high as 400p by the end of this year.

Cant get much more bullish on a stock than this ...... from Bar Chart site...

http://quote.barchart.com/texpert.asp?sym=AQP.LS

That's a very interesting & complex site, imo, gf. I have punched in a few tickers to see what results I get & interpretation is very difficult, unless of course ALL pointers say the same thing, as in AQP. One for the skilled trader, imo, but definitely a TRADER site, not an investor site. (What I mean by that is if you punch in an exploration Co, there is no allowance made for news flow, it's purely technical analysis).
As an example with AQP (as has already happened), if there was bad news from one of their sites, such as a mining accident, or power outage from the S.A. grid & therefore reduced output, the chart analysis would not alert you to that.
However, amazing that platinum has gone from $2200/Oz down to $800/Oz and now crept back up to $1500/Oz. Lets hope they don't find a cheaper substitute for catalytic converters anytime soon!

Hi HarryC, yep purely TA but found it to be fairly reliable in the past.

Off to a solid start.

Good morning,
I too found the Bar Chart site interesting! Nice start am going to add today as soon as the spread gets a little more sensible. I can see 4 breaching very soon if the market takes any notice of the far east whatsoever!

Down 3.5% this morning which must be a bit of a shock to the traders of this stock? Presumably running a very tight stop & ready for a bounce???

Woulsnt say a shock harry giiven the high beta of the stock but alittle dissapointing after a good start.

i remain long.

just look at the steep incline we have to negotiate on the long term chart.

you know what they say what comes down...goes back up again.... and pretty quickly here.

Woulsnt say a shock harry giiven the high beta of the stock but alittle dissapointing after a good start.

i remain long.

just look at the steep incline we have to negotiate on the long term chart.

you know what they say what comes down...goes back up again.... and pretty quickly here.

I'm relaxed about it as well, although suspect profit taking as platinum price up again, marginally compared to yesterday. Am awaiting 358p before adding more.
DOW looks set for positive opening after jobless figures etc so maybe now is the time for me, the suspense is making me twitch!

Got 361.6 let's see if it's the right call!

Not quite! What an extraordinary day for AQP. If anyone can explain why I would love to hear. Maybe a brokers recommendation is lurking, the metal seems strong, and the buy/sell % of 50/49 does not explain it either. I am mystified. As Montgomery Burns said "I would give up all my wealth for just a little bit more!"
Let's hope for better things tomorrow.

It seemed to follow the trend though with other metals miners, FRES, RRS, RIO, XTA all down 2-3%. Even POG & KAZ were down but only by a very small %age.

Thanks for that H.Not too worried about general correction, and as you say the "big" boys also felt the breeze, however still can not quite understand it. However like Goldfinger I am "long" and have been building since the stock was 2.79 so this adjustment not a big deal in the scheme of things. I hope.

Sounds like you are building & holding stock though Pd. I think gf is actively trading either stock or SB/CFD. 'Long' is good though; I think I agree with that.

Spot on Harry.

Still remain long and know through general experience that this is a little volatile devil although like everyone i have my limits on how much Im prepared to lose.

More or less spot on, although apart from the stock I have beed trading CFD's all the way up, anyway whatever the position I remain optimistic about the stock med/long term. Support level seems to be 358p or thereabouts.

How do you like that!