shorters paradise - next support level for ago, page-110

  1. 12,969 Posts.
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    Mongo/Rabbit,
    Nothing wonderful about that post. In fact,everything was incorrect. For a start, you made the assumption that the manipulators are trying to average down, where I contend that they are trying to accummulate large amts of stock and by selling small amts lower and lower into the market, they scare timid investors into selling their larger holdings and also trigger other stop/losses on the way down. all the while they are picking up extra holdings. They know all the % of major s/holders etc. and know roughly what % of the holdings they are playing with. Once they have enough and the company is oversold, they just let the normal market forces come in and drive the stock back to a reasonable level.
    Secondly, I acknowledge markets go up and down- of course they do, sometimes beyond the average punters understanding and often to their detriment. That doesn't mean manipulating share prices is acceptable or should be condoned. Where would the world be if no-one had ever stood up for what was fair and just.?? How do changes for the better come about.??
    Thirdly, you have assumed that I am losing on my AGO and that is why I commented. However, the fact is I buy them everytime they are oversold and sell within a few days/week and make good money. So I have nothing to get over and therefore am not blaming anyone else.
    PS I bought on Thursday @0.86.5 Already up and will look at cashing out Monday. Potentially,a lazy $10-15,000 for T+2. Not too much to complain about there.
    Cheers,
    Stevo
 
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