AGO atlas iron limited
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may close the gap to 96 today

  1. hardmano
    16,392 Posts.
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    04/02/14
    09:55
    Post #: 12889770
    Shouldn't settle higher than 96 but may well spike down in early trade. Another opportunity for the shorters .... And a buying opportunity for the longs.

    The US tightening should in reality have limited impact on IO demand and should in fact help our profits by putting more pressure on the A$ but hey that will be forgotten in the rush to safety.

    The sharemarket can be very frustrating for the long term investor!

    H
    AGO Price at posting: $1.01 Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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