Club Mulgoa

Monday, October 08, 2012

AUCO

Have a look at the annual report for AUC.  Why no one is interested in this stock puzzles me.

Today, I collect AUCO at 6.1c.  Because it is not a commonly traded stock, the buy and sell discrepancy is high.  Meanwhile the ordinary shares are falling in value.  I don't read the details in the report.  But I trade according to the trend.  If it is falling without bad news, then I buy.  So it is relatively good value.

That was the trough so I didn't get all the shares I wanted... and my bid expired at close of trade.

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