AOP 3.13% 33.0¢ apollo consolidated limited

We need this stock to stop being a plaything of Mr Market.OK I...

  1. 7,157 Posts.
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    We need this stock to stop being a plaything of Mr Market.

    OK I am guilty too but when I bought it just after 10am there was was 1.2mn bid and 130k offered.

    Bit of a no-brainer really.

    I wasted about 5 - 10 mins scanning some background and climbed on board at 22c and as expected we went up.

    So far so good ... but from around 2pm I suspect the business district got hold of it and went stop loss hunting, so we closed below 20 c having been 29.5c earlier.

    Not many shares in issue so easy to play with if you have access to securities lending and a broker's short selling account.... imo

    I see huge upside for this stock but I suspect the usual gap filling ...er rubbish (not the word that starts with B).
    will come into play.

    Don't panic holders, imo anythting in the 20s will seem a bargain over the next few weeks.

    And yes I did trade it today - I had to follow what the depth was telling me. In at 22c, sold half at 28c, bought the half back at 21.5c - closed at 19.5c.

    Unjustified imo, lots of upside here, don't let the brokers and so called sophs take your gains. They are there for all to share.

    And if you're wondering, in my day job I am VP of a bank in the FSU, Kiev, but my holding in AOP is purely personal.

    I would suggest that it is best to try and ignore the market games and focus on the company structure - if it fits your risk profile then all well and good, if not move on.

    Everything above is all my own opinion and is not a professional statement, except to say that I am annoyed with today's games. This ANN deserved better than that.

    And I hope my liberal sprinkling of IMOs will satisfy the mods as it is all most certainly IMO.

    EB
 
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