oversold, page-14

RC
I normally watch TV while I'm trading but the Military closed down all the TV stations,
including all the English speaking cable networks!
They have allowed a few of them to reopen, but most are still closed!
Also the curfew has restricted my movements, so I was spending more time in front of the computer lately!

If AGO starts making lots of money like they did in the first two quarters you can expect me to get excited about it again!
If the Iron Ore price moves beyond $115/dmt US with some strength behind it I will start becoming bullish again and yes I will post accordingly!

We seem to be getting a lot of BS from people spruiking, coming up with bogus figures to support their position.
I don't like it when they are talking it down while the share price is clearly going up.

I also don't like it when the Share price is falling and they are talking it up with BS because the only people who they are sucking in are people who probably can't afford to be sucked in!

I'm not talking about people who post articles or people who have some genuine view, it's just the BS ramping which bothers me!

With regard to the crystal ballers, we all have an opinion!
We have an opinion what things are going to be like in 3, 6, 12 months and in two or three years.
If any one makes a long term investment on what one of us thinks is going to happen in the distant future, IMO they deserve what they get!

Right now we know AGO are not making any money and the situation is getting worse.
If Monday comes and the IO futures start to sink again we will probably still have people
spruiking "we have hit bottom" in the early afternoon, while knowing full well what is about to
happen. As far as I'm concerned that is just terrible!

Hopefully the futures turn around for the Iron Ore price soon and the long term investors who have been hurt get something for their trouble.

Good Luck on Monday!