Forum Archive Index - May 2002

["Nick Kearney" <nickk@quicksilver.net.nz>]

Makes my post look silly!!!!

I have it now.  Must have been PC problems.  What is interesting about AUG
for the chartists is comparing it to PSV, LHG and possibly AOR.  Try to tell
me that Gold stocks aren't soaring right now!

Nk
----- Original Message -----
From: "Derek" <dkw@paradise.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, May 06, 2002 9:20 PM
Subject: Re: [sharechat] AUG- is anyone looking at this?


> I see GPG thought it was making a takeover offer for last year at 12c,
> still 19.5 c is a lot higher than that and they have had a bad year with a
> $29m loss.
>
> If you are interested in AUG, then I recommend reading their annual 2001
> annual report at:
>
> http://www.auroragold.com.au/annual-report/annual_reports_index.html
>
> Without reading it all myself the best I can do is have a look at the
> chart, looks like it has just finished a short term ascending-triangle
> formation (since mid-March). Note the chart does not show todays closing
> price of 19.5c.
>
> (
>
http://www.stockcharts.com/education/What/ChartAnalysis/triangle-Ascending.h
tml
> )
>
> But there may be some resistance at 19.5c. If this resistance holds then
it
> may form a longer term ascending triangle (since mid Jan) which would be
> bullish. Regardless of this the long term trend is up which is positive,
it
> has held this trend since August 2001. If it breaks below this trend then
a
> sell would be indicated.
>
> Regards,
> Derek
>
> disc, don't hold AUG, this is not advice to buy or sell AUG.
> The chart was from http://www.incrediblecharts.com
>
>
>
>
>
>


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