TSXV:AUN.H - Post by User
Post by
JonEcashon Feb 06, 2012 9:34pm
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Post# 19497636
Just a guess....
Just a guess.... I'm thinking this move will continue a bit further due to the traders coming in (today's action should hit a lot of radars) and short covering. We will hit some resistance at 85/86, then the price will be overbought, such that we will pull back to the upper 70's to test the breakout. Will probably consolidate at that higher level with a possible upward bias for a couple of weeks into March.
If we don't get any news, and depending on the POS, I can see the share price starting to sell downwards into the end of March. The reason being that 53M shares from the last financing come free trading. Hopefully the investors that bought in decide to hold instead so that we don't sell downwards. Which could be the case if we get some solid news. All the retail longs here need to be aware of this...
J$