ALCYONE Resources (AYN)

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Feb 17, 2011.

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  1. PerthStack

    PerthStack Member

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    Just wait until it opens tomorrow. It should jump due to the silver close price Friday in the US.
     
    PerthStack, Apr 10, 2011
    #21
  2. SilverSanchez

    SilverSanchez Active Member

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    Did you correct for AUD?

    Is it a break out?
     
    SilverSanchez, Apr 10, 2011
    #22
  3. hawkeye

    hawkeye New Member Silver Stacker

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    Whooah, almost tripled for me now since start of year. Far and away my best performer.
     
    hawkeye, Apr 11, 2011
    #23
  4. PerthStack

    PerthStack Member

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    Up 15% in the first 20 minutes, looking good.
     
    PerthStack, Apr 11, 2011
    #24
  5. SilverSanchez

    SilverSanchez Active Member

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    So what? :)
     
    SilverSanchez, Apr 11, 2011
    #25
  6. PerthStack

    PerthStack Member

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    Just sayin'.
     
    PerthStack, Apr 11, 2011
    #26
  7. SilverSanchez

    SilverSanchez Active Member

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    Alcyone is a mediocre stock in the right arena...

    It is the only silver stock that should be (or can be) 'traded' because of its high liquidity, it spikes over its value, creates a mini bubble and crashes. The only upside is the resource, and bad managment can screw up the profitability of a good mine!

    We should all remember that and manage that risk.
     
    SilverSanchez, Apr 11, 2011
    #27
  8. SilverSanchez

    SilverSanchez Active Member

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    Alcyone Managment scares me - as far as i know they still havnt updated their JORC resource which they promised in sept/nov.... i lost a lot of profit from alcyone coz i sold out - but to be honest im glad im out. The resource isnt worth the nerves IMO.

    I'm glad other people can profit from AYN, their probably smarter than I am, I just cant stomach the volitility that comes with having 1.2 billion shares
     
    SilverSanchez, Apr 11, 2011
    #28
  9. PerthStack

    PerthStack Member

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    As with all the silver plays I have, this one is free carry for me.
    When investing in minor players I always try to free carry as soon as possible. Let's me sleep at night and frees up my capital for other investments, or fun. This last 3 months have been great for that purpose.
     
    PerthStack, Apr 11, 2011
    #29
  10. SilverSanchez

    SilverSanchez Active Member

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    I should probably take alot away from that, i need to improve my investment philosophy, plan and rules.. Ive made some insane mistakes, but the bullishness of mining stocks over the last 8 months has really 'hidden' my losses. I count that as a blessing and should learn as much as i can. Keep those emotions in check :)
     
    SilverSanchez, Apr 11, 2011
    #30
  11. Silverrider

    Silverrider Active Member

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    Wow how high will this baby climb....
     
    Silverrider, Apr 14, 2011
    #31
  12. SilverSanchez

    SilverSanchez Active Member

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    careful its in a bubble, it cant/shouldnt climb higher that the value of the resource it has
     
    SilverSanchez, Apr 14, 2011
    #32
  13. fishball

    fishball New Member Silver Stacker

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    It could open even higher today coz of the silver price though. Not that I'm going to jump in and buy this, since it'll leave me stressed staring at the screen every 5 seconds at its volatility :p
     
    fishball, Apr 14, 2011
    #33
  14. hawkeye

    hawkeye New Member Silver Stacker

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    I think so too, but I think silver's got a bit left in this upleg before we get the correction so I'm going to hang on a bit longer. Very tempted to sell though. I'll be getting nervy when silver goes past $45.
     
    hawkeye, Apr 15, 2011
    #34
  15. Silverrider

    Silverrider Active Member

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    AYN the next BHP....
     
    Silverrider, Apr 20, 2011
    #35
  16. SilverSanchez

    SilverSanchez Active Member

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    Im looking for a PM correction approaching june - could be 20% - then again might just power on - scary times
     
    SilverSanchez, Apr 20, 2011
    #36
  17. heartastack

    heartastack Well-Known Member Silver Stacker

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    Am soooooo anxious for the next trading day right now
     
    heartastack, Apr 25, 2011
    #37
  18. perthsilver

    perthsilver Member Silver Stacker

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    +1
     
    perthsilver, Apr 25, 2011
    #38
  19. SilverSanchez

    SilverSanchez Active Member

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    @ .092 might be a good place to top up keep your avg share price below .08 if your holding - this is just my opinion
     
    SilverSanchez, May 4, 2011
    #39
  20. fishball

    fishball New Member Silver Stacker

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    Good thing I never hopped onto this baby, dropped like a sack of rocks lol

    Over 30% drop from its peak last few weeks; even more volatile than silver :(
     
    fishball, May 5, 2011
    #40
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