Monday, June 13, 2016

AusGroup: A Sell Down back Down again.... price 0.066....

From previous call last Thursday and Friday….

We have indeed some profit taking on Thursday with a high at 0.085….

Then on Friday, a note to be cautious if the 0.075 breaks down again….

It actually did….

Even the 0.070 did not hold today…..

It just drove through….

And that’s why we are seeing it at 0.066 now….

As mentioned in my email, really like see-saw this counter….

Have a plan for it……


Sent: Friday, June 10, 2016 9:34 AM
Subject: ********** AusGroup: Back to consolidation after surge.... where to?
Following up from yesterday call, we have indeed seen some profit taking after the run seen. It went to a high of 0.085 before sellers came in. I hope those who had any long positions got stopped out yesterday. The range would be from 0.075 to 0.085 now and it may start to consolidate in this level before more direction, up or down. Overall longer term trend is still weak, so any move below 0.075 can see the seller regaining control again where we may ride the downside back down…. Let’s see, Feels like see saw man…. J

Sent: Thursday, June 09, 2016 9:18 AM
Subject: *********** AusGroup: Breakout above 0.080 further, but we may see some profit taking given run seen... protect, price 0.082

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