AUT 3.19% 9.1¢ auteco minerals ltd

I am in this morning at $2.72 after being tempted a few cents...

  1. 1,999 Posts.
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    I am in this morning at $2.72 after being tempted a few cents lower. Yesterday's shocking movement on the US market combined with 'sell the fact' on AUT's brilliant reserves upgrade, in light of the broker reports made it seem too good to let go.

    At $2.66-$2.68 it seemed too much like a falling knife and I held back to avoid the danger (dropping below $2.63 could have been a bit of a disaster as it would have been a new 52 week low and I don't even know where support below there would be), but on a rise above $2.70 I see it as most likely to heading back up to around $3 for a bit of consolidation then hopefully we'll see some of these broker price targets hit.

    AUT has always been a good, solid company, and I think the storm which pushed us to around $2.70 won't be able to hold us down for long.

    Good luck to all holders!
 
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Currently unlisted public company.

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