AusGroup    Last:0.009   -

Ausgroup

this forgotten thread ...

the stock has just started running and not after april 07 only, as suggested, and newsflow on contracts won has streamed in, the timing of the announcement is uncanny, anway results is just around the corner, last year was on Feb 6th, i think,

 

coz its only then will they be able to switch over to the mainboard, if they want to.

 

oops. sorry. forgot this is penny stock.

anyway why do you say only after april07?

 

anyway, for me, the only way this share will go is up. after Apr 07.

 

she only buys shares that are $1 - $5. and TA doesn't apply to pennies.

 

Hi Singaporegal. Could you give your opinion on TA for this stock?

thanks.

 

sigh.....guess have to wait till next year.

 

Doesnt really seems to move over the mark and stays at 0.505 which is the support level...

 

its back in play....

 

Hi michaeltay

I personally would say its worthwhile to buy and hold for at least 3-4 months.  Ausgroup's fundamentals are there and sometimes back UOBKayHian has a buy call on the counter with a target price of 0.70.

I am waiting to buy back (bought and sold some last year) and would enter around 0.50 cents depending on its volume.

 

they sold some shares to institutional buyers at 0.50, so the price will usually hover around this price and shoot up later. just my 2 cents. just go on hte net to read up on this company to find out more of its potential.

 

Despite any term used our main aim here is to pool resources and information so that we can learn n tap experience from our seniors in this mkt and to make some $. So since there is a dip in fridays price what do u guys think? So worth while to hold? Is the potential  of this share still intact?

 

maybe different people have different terms to express their meanings. when i said stock, i meant it to be the company itself. i think it's share price that you thought i was referring to. "stock" to me encompasses everything about Ausgroup. maybe that's the meaning for me.

anyway, it's difficult to pick it's bottom price. no one can predict anything in shares.

 

Hi cr_kai,

I don't mean to correct your terminology... What I implicitly mean was averaging down is  never advisable while a stock is falling and if you want to accumulate, you should be doing it at  the bottom or at a consolidation area.

 

In the real world of the market, the stock and the company are some ways not the same thing.

A company can be excellent in every aspect, but if the public does not find it appealing or worthy, it will not be well-received and thus it's price will wallow in the gutters, so to speak. On the other hand, a company may be nothing to sing about, but it's stock's price can be played up to stratospherical levels.

The stock's price is just a function of the perception of the majority of market participant.

 

Hi iPunter

Your postings have been very enlightening.  You appear philosophical and yet inituitive.  What do you do for a living, if I may ask? 

Unlike cr_kai, I have confidence in the company's itself not the stock. But if we were to analyse the difference between a stock and the company, there isnt much diff. When one owns the share of a stock, one legally take ownership of the company according to the number of shares own or percentage thereof.

 

maybe i should put it that i have confidence in the company to grow and make more money instead of saying confidence in the stock. yup, i tend to average down. i seldom use investment jargons coz i'm just a beginner at investing. hope to learn more from you senior guys. anyway, no matter what, we all just want to make more money for ourselves! cheers!

 

By the way, a stock doesn't need anyone to have 'confidence' in it.

And it is friendly in the sense that if it declines, it will tell you, by way of it's obvious price action.

 

I think what you mean is you will average down? Coz accumulation is usually done at ground level.

 

once it goes down, i wil accumulate more. i have confidence in this stock. hopefully it doesn't fail me....or being played out by the "big boys".