TSXV:AUN.H - Post by User
Comment by
Banman17on Feb 11, 2008 3:56pm
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Post# 14352351
RE: AUN Volume is NOT a concern.
RE: AUN Volume is NOT a concern.Guys, you have it backwards. What happens is when you have volume spikes, that's when the Market Makers are unloading their shares to take the stock down. Volume spikes are when you sell the shares - look back at Aun's old high at 1.99 and see the corresponding volume spike. That was the signal to sell or short the stock (not that I would short Aun - I'm a long term holder). The stocks move up on steady volume, not on big increases. What is happening is looking good for Aun. The hedge funds are starting to cover their shorts is my guess, so if you hold on to your shares and DON'T sell, you'll panic the shorts, just like they attempted to panic you into selling at a low price! Make them pay up. If they can't get the volume at a low price, how can they cover their shorts. So you see, if they don't get the volume they need at a low price, they'll have to pay up and the stock will rise at the higher offer prices. Keep your stock and only sell into rhino horns, and buy on the fishing lines.
Onward and upward Aun.
Banman17