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PRN, PERENTI GLOBAL
alonso
post Posted: Aug 6 2014, 12:12 PM
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The goodwill impairment doesn't seem too drastic to me. It's taken a bit of a hit this morning but my feeling that is short term, after all it's not an operational or cashflow impairment.
The Mali tax issue on the other hand shows up the dangers of being in Africa - if the virus don't get you, dodgy tax changes will.



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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
Elliott
post Posted: Aug 1 2014, 01:25 PM
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In Reply To: arty's post @ Jul 31 2014, 08:08 PM

" So far, no announcement or report has been made. Maybe it's due and "someone knows something"?"

Spot on. Good to see insider trading has been eradicated!! It's not going to be good news. How bad is the million dollar question.






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My posts are for discussion and educational value only. They are not to be construed as advice in any way.
 
arty
post Posted: Jul 31 2014, 08:08 PM
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In Reply To: Elliott's post @ Jul 31 2014, 04:50 PM

Using the March-June Lows as a double bottom, I find a textbook-style resistance at today's High:

Attached Image


How far it'll drop is now anyone's guess. Could be as low as 98c, which is reason enough for me to be out till the dust has settled.
So far, no announcement or report has been made. Maybe it's due and "someone knows something"?



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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
Elliott
post Posted: Jul 31 2014, 04:50 PM
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In Reply To: Elliott's post @ Jul 30 2014, 01:15 PM

That was one hell of an intraday turnaround. Up to $1.18 and smashed to close on the days low at $1.09. Teetering on support now. Tomorrow should tell the story of what's to come.



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My posts are for discussion and educational value only. They are not to be construed as advice in any way.
 
Elliott
post Posted: Jul 30 2014, 01:15 PM
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In Reply To: arty's post @ Jul 30 2014, 12:53 PM

ASL has busted through resistance which essentially is the upper boundary of a large basing pattern that's been unfolding for several months. The initial target sits at $1.45. Quite often price will come back to revisit old resistance which is now support. This could be a strategy if you're looking for an entry level. I hold.



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Said 'Thanks' for this post: arty  
 
alonso
post Posted: Jul 30 2014, 01:10 PM
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In Reply To: arty's post @ Jul 30 2014, 12:53 PM

No, there's got to be something specific. Not a lot of talk on the boards either.



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"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 

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arty
post Posted: Jul 30 2014, 12:53 PM
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In Reply To: alonso's post @ Jul 30 2014, 10:50 AM

Could it be that the media are a little behind the times?
All that moaning about Mining Services hitting tough times may have been justified a few months or a year go. But Aussie Engineers are an adaptive lot. A little shake of the sauce bottle - or make that WD40 - and it's running again.

See DOW.

Attached Image


See ASL.

Attached Image





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I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
alonso
post Posted: Jul 30 2014, 10:50 AM
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I am at a loss (no pun intended) to understand the recent sustained rise here. There has been no news and all around MS stocks are tumbling. But that's the market.



--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
arty
post Posted: Apr 9 2014, 10:45 AM
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In Reply To: alonso's post @ Mar 1 2014, 10:00 AM

Patience is needed. Long-time Support held again and that put ASL back on my shopping list.

Attached Image


On the Daily chart, the bounce was clearly highlighted; ehrn the st falling trend was broken, I bought back in.

Attached Image


Stop raised to Close Below 89c, but I rather suspect we'll get into the overhead gap before long.



--------------------
I trade daily, but I am not a licensed adviser. Whether you find my ideas reasonable or not: The only person responsible for your actions is YOU.
I follow two rules: (1) There are no sacred truths. All assumptions must be critically examined. Arguments from authority are worthless. (2) Whatever is inconsistent with observed facts must be discarded or revised. We must understand the Market as it is and not confuse how it is with how we wish it to be. (inspired by Carl Sagan)
 
alonso
post Posted: Mar 1 2014, 10:00 AM
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In Reply To: alonso's post @ Feb 26 2014, 02:40 PM

But not good enough. I suppose it was to be expected & not surprising they left it till the death last night.



--------------------
"The optimist proclaims that we live in the best of all possible worlds. The pessimist fears this is true"

"What is prudence in the conduct of every private family can scarce be folly in that of a great kingdom." Adam Smith
 
 


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