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

It would be a bit ironic if the remaining banks survived and the miners went bankrupt!

AQP is a must SELL...see original thread on AQP

Aquarius' Everest platinum mine to shut for 6 mths
AFX


JOHANNESBURG, Dec 15 (Reuters) - Metals miner Aquarius Platinum said on Monday the Everest mine it had suspended last week due to geotechnical problems would remain shut for at least six months.

'Following a comprehensive assessment of the options available to mine management, and primarily focussing on the future safety of the mine and its personnel, the decision has been made to suspend operations for a minimum of six months,' it said in a statement.

Opened a trade here this morning.

Spot price is nicely up and aqp is showing signs of recovery.

Bought them whilst sp is in the red. Good tactics or not!!!!!!!!!!!!!!!!!!.

GOOD, if I say so myself.

Where is everyone?????.

Gosh i never realised it had got so quiet in the world of PIs.

Shows what a bear market does, still plenty of pickings for them first in.

Aquarious Platinum broken out in spectacular fashion over the last 48 hours.

Been confined to range bound action before this. Should go on and takle old resistance levels now. See long term chart.....

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Long term chart.....

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Chart for platinum which hit a new high this afternoon.....



bodes well for AQP.

I have been serious about this since August adding all the time, I agree with you the action today was spectacular, and had the general market been positive we would have been through 4 "barrier".The rise in the metal was equally spectacular today.
Surprised not more interest from other campers on this one!

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!