ADE 0.00% 19.5¢ adelaide energy limited

I sold my ADE shares at 13.5cents... as well as all my other...

  1. 940 Posts.
    I sold my ADE shares at 13.5cents... as well as all my other shares. Took a small loss. I think for now it is better to cash up and wait to see what effect QE2 has on the markets. I fear that the initial deflation will cause quite a bit of pain on commodities and the markets have yet fully reacted to qe2 ending. The next month will be interesting. It is also close to tax time...

    However... this imo is just a good re-entry point for me. I just hope that the big ADE announcements comes at a good time or else it will be wasted.
    ADE long term is still very good... Still lots of demand.. in fact today there is a report that eastern China is facing serious shortages.. because their dams are at record lows.. factories are being shut down for a week.

    ADE starts fraccing this friday hopefully. Anyone knows roughly when the results will be out? Im crossing my fingers that it is in August.

 
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