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16/11/17
01:53
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Originally posted by unknownshadow
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I sense some desperation in your post. You created a new account just to let us know this. AVZ is down because the market as a whole is correcting itself after a very stellar run. Based on futures, looks like tomorrow will be red all over ASX again. Unfortunate but that's the harsh truth. Prepare yourselves.
October has been a very strong bull run for most of the mining stocks and ASX in general.
ASX 200 index had a low of 5,652.1 on Oct 4 to a high of 6,049.4 Nov 9. Pull backs are quite common.
To be fair, we were only trading at 10.8c on Sept 25 (only a month and a half ago), so even at today's close 22.5 we are still doing well on 100% increase. Let's just hope the bleeding stops soon - might not be tomorrow.
Just FYI for all the haters who shut anyone with a bearish view down: I have not sold a single share in AVZ. I still believe that AVZ is very under value and have potential for multiple bags.
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Sounds good ! After all that is just reality. The market must correct itself and all the good info must be priced in properly. It will continue the run nevertheless and I'm holding regardless. No point being bearish