AI
Saturday, August 04, 2007 12:20:19 AM
Back again,
Hello all, I've just arrived back from my rainy holiday in the England and straight into the market turmoil, all exciting stuff.
Just what we AIMers were looking for.
I did have a few market orders placed when I went away, one of those were triggered in Perseverence Mining (PSV.AX) to buy a further $1000 of shares. I'd purchased these shares initially over a year ago and not had much action in them, all of a sudden I get too much action as they announced a slowdown in gold production due to lower grade ores along with rising input costs and higher A$.
First purchase was made at 33c, the triggered one was at 27c and I picked up some more when the price slid to 15c.
I'm now on a 30 day timer before I decide to buy again.
I also started up a new program in Gold Bullion (GOLD.AX) which is a pure gold holding company. My reasoning was a weak US$ and a strong A$ meant it was pretty cheap to buy gold and at the time (before the recent routing) there was nothing else regarded as cheap.
It just so happens that it was good timing as the A$ weakened and the gold price strengthened (against the US$).
Also placed an order in for monday's market to buy Antares Energy (AZZ.AX)I had a last sale in AZZ back in March at 93c, I'm hoping to pick some up at 47c or better if there is a morning panic on monday.
Regards
Neil
PS England was wet, very very wet. I had 4 days out of the month when it didn't rain. That is not to say of course that we had sun on those 4 days. I was glad to get back to some warmth in Singapore for a few days. Paid a visit to the Simex exhange where Nick Leeson caused Barings bank a big upset
Hello all, I've just arrived back from my rainy holiday in the England and straight into the market turmoil, all exciting stuff.
Just what we AIMers were looking for.
I did have a few market orders placed when I went away, one of those were triggered in Perseverence Mining (PSV.AX) to buy a further $1000 of shares. I'd purchased these shares initially over a year ago and not had much action in them, all of a sudden I get too much action as they announced a slowdown in gold production due to lower grade ores along with rising input costs and higher A$.
First purchase was made at 33c, the triggered one was at 27c and I picked up some more when the price slid to 15c.
I'm now on a 30 day timer before I decide to buy again.
I also started up a new program in Gold Bullion (GOLD.AX) which is a pure gold holding company. My reasoning was a weak US$ and a strong A$ meant it was pretty cheap to buy gold and at the time (before the recent routing) there was nothing else regarded as cheap.
It just so happens that it was good timing as the A$ weakened and the gold price strengthened (against the US$).
Also placed an order in for monday's market to buy Antares Energy (AZZ.AX)I had a last sale in AZZ back in March at 93c, I'm hoping to pick some up at 47c or better if there is a morning panic on monday.
Regards
Neil
PS England was wet, very very wet. I had 4 days out of the month when it didn't rain. That is not to say of course that we had sun on those 4 days. I was glad to get back to some warmth in Singapore for a few days. Paid a visit to the Simex exhange where Nick Leeson caused Barings bank a big upset
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