Club Mulgoa

Tuesday, October 09, 2012

ABU

You can easily understand why people buy ABU when there is a good announcement.  But what puzzles me is who are these idiots selling when there have been repeated good announcements?

Either I can't comprehend the drilling results or these investors read numbers differently.  Perhaps, all the announcements have been hoaxes all along.

Today it went lower still.  For anyone interested in topping up ABU, based on a repeated pattern, never buy on good news.  Wait for a few days.  Likewise, sell on good news when the share price lifts and then buy back a few days later.  This pattern has been true to form.  It is bizarre.  This is not a recommendation to trade but it is tempting...

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