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I agree this stock is extremely illiquid-I have found myself many times in the past in situations where I couldn't even get 1 grand worth of shares without having to go negotiated trade. It is also worth noting that it's that lack of shares being traded that makes the price swings here so pronounced. Clearly this share is not being much followed-you only need to look at this board, how few people post here regularly. However, we could be in a time of change-recent developmenets in Argentinian investment landscape are making Andes occupy a more prominent place in the media. In addition to Alexia's post quoting the sunday times, Andes was also quoted recently in proactive investors. Excerpt below: Argentina Shell has announced that it intends to ‘triple its investment in the country’ post the YPF/Repsol deal, a strategy you will know I concur with as I do believe that slowly but surely Argentina is becoming investible. Recent comments about the Falklands notwithstanding, I expect companies that have invested in the country to be rewarded longer term, these include President Energy, Andes Energia and maybe even Kentz with the acquisition of Valerus being to an extent South America weighted.
In addition to the Argentinan gov discussing compensation for Repsol, Geopark has been releasing a set of good news including new oil discoveries in recent weeks. in the last month, the sp has crossed 50,100 and 200 dmas. This stock is a strong buy
only 2 sells (reported)100K shares, but price went up. momentors indicators are hot, but still room to go. next level i am looking at are: 33 p (high of this year) let's see if we can pierce it tomorrow...
the rest of my previous post still applies...
So far not filling that gap of 29-30, and so far holding above 31, old minor resistance, which could be new support here-it could be tested again in the next few days though...
we'll have to wait a bit longer....
v low volume, but I wonder if we are going to fill that gap 29-30p before resuming the move upwards-let's wait and see
in case anyone needed to see one more bullish indicator in this chart, that cross has just happened. how high is this one going to go?
whatever it is, it is very strange if you look at volume, buys/sells and price paid
everything looks ready for the (final) assault of the 22-23 barrier. Let's see if it can make it this time..
today made a higher high than last week, now at 31.75. Fantastic. Next resistance (lateral) is the 33 p, i.e. the high of beginning of this year. This share is going much higher than that anyway. good luck all
wehre's it coming from? hardly any buys...
haha, yes, Pantastic, we were talking about the same big trade. BTW it could well be it's for an ISA as someone could have been acumulating ISA allowances for a number of years and now decided to sell other ISA shares they had and use the funds to buy PAN. I know that's not the point anyway. i just hope it means people are position for something big and good to happen v soon-we really need to break through this rounding top we have been forming for a little while... has anyone been in touch with the company recently? Do we get the impression there's anything positive in the pipeline besides megadeal Rosbunker?
Adastra You are right, big trades here today. This one published late 09-Dec-13 14:21:04 19.88 210,000 Buy* 19.00 20.00 41.75k I wonder if someone transferring to ISA account?
another blue day here-not much volume but buys at full ask we are getting ready for the jump of 30-31p level - previous high in this rally. so far, all good here
a few minor sells at 26, but then a buyer came in later in the afternoon paying 28 p per share. in total 2 shares bought for 1 that was sold-a decent bullish ratio. today probably marks the reversal of the correction that's taken place in the last couple of days, and the rally up could resume from here-I think much higher highs than that 31 p we had earlier this week are on the table for this one in the next few weeks. we'll see where next week takes us to (with Repsol and Argentina conversations in the background)
All right, after a quiet morning we’ve had a busy afternoon here. A few more bears decided to sell driving the price down to 26.5; soon after a few buyers also came to the scene, making the number of shares bought higher than the ones sold today. Closing price has dropped to the 26.75, which is within the expected. Tomorrow will be another interesting day and will tomorrow we’ll start seeing where’s this share going to
not a surprise.-hopefully it's the first sign of stabilizing before next move up.i.e. most investors that bought in late teens or early 20s wanting to make a quick profit have already sold and soon the bulls will take charge again. -as I said yesterday, i wouldn't be surprised if it went to the 26 p level and resume its way upwards from there
sorry if it's already been posted http://moneyweek.com/commodities-stealth-bull-market-in-uranium/
SP closed right at the top of the range I was expecting, as indicated in my previous post. We'll see tomorrow if it holds at this level, or perhaps, slips a bit lower to the 26.2sh level. Once again, I still Andes is going much, much higher in the short-medium term.