AGO
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0.00% 4.5¢ atlas iron limited

shortsell frenzy tuesday, page-51

  1. ozbecool
    712 Posts.
    lightbulb Created with Sketch. 15
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    21/01/14
    08:45
    Post #: 12831929
    Yes it looks like shorters are quitting: On 17Jan14 only 10% trades were short trades (vs ~ 30...50% days before).
    So hopefully this + recent change of the IO sentiment to bullish will push AGO ahead.
    Also earnings growth rate for 2013 was ~ 130% (!!!) and it is estimated to be another 140% in 2014 !
    Estimated earning for 2014 will be approx 60-70 c / share . So at current share price P/E will be just ~ 1.5 !


    AGO Price at posting: 98.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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