Club Mulgoa

Friday, November 01, 2013

AQO

When the business editor of The Australian praised AQO about a week ago, nothing much happened on that day.  And then, the latecomers started to pile in and brought the price up.  But like many things in the ASX, the share price started to drift downwards.  I had no intention of joining the upwards trend so I put in a lower bid at 15c.  And this AM, I topped up my holding in AQO.

Under bullish and normal circumstances, a tip by the business editor means a more sustained jump in the share price.  But lately, investors in the resource sector are very indifferent to good news or reporting.  I am happy with that....

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