ann, page-8

the thing is, shorters will look for any negativity, and a 2 month delay is just the ticket.

Longs who jump will be thinking they jump now and buy in cheaper when the shorters and longs impatient, have all left.

It just seems that this is the type of thing going on lately.

I used to hold AGO, and believe it to be one of the best mid-caps out there in the i/o sector.

Longs, it will rally IMO, albiet patience required.

I am currently setting up my CFD, and will be able to play both directions of the market, though am more comfortable with picking the bounce from the retrace from events like these.

Out of interest, I hold PDN, who announced a 12% shortfall in production, nothing major, but was enough for the shorters to tear it to peices for 3 days. And now, found bottom, PDN is returning positive, and shorters close their positions.

If you can get out of the long mentality, which i'm trying to split my portfolio to do so, CFD leverage may be worth considering.

When picking the bottom of AGO, with equity of 35% for a comsec cfd, you gain the return as if you held 100%.

So if i had 10k of ago, which i sold, and bought equity in 30k of AGO CFD, same money. Then a 10% bounce in my original AGO long, returns me 3x that, ie 30%. in ago cfd. You just need to be able to cover a movement down as well. So, i'd probably just go for 2x AGO CFD equity, and keep 1x for extra retrace, and close the thing when it reached my upper limit.

Just a thought, gets me off the roller coaster in part.
Quite sick of seeing good stocks like AGO go up, and down, only to see equity reduce, this way, i will look forward to the ride.

cheers