Club Mulgoa

Wednesday, August 17, 2011

PIROA and ABU

Beats me!

Decent announcement and PIROA got belted. And after I bought, it fell another 3c. If you didn't pick any at 27c, it hit 29c at close.

In the mean time, ABU also produced repeated good announcements, yet the share price just won't jump. Of course, both these stocks have to produce a better than expected JORC resource to convince the market. PIR had disappointed once before, like CDU.

I bought my first few lots of ABU at a very low price so I have profited from it but the share price should be much higher. And if the JORC result is 'beyond' good, then it will be a star performer.


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