sell it is over valued, page-8

re: bang oxr to be cashed up Love all the prima donnas predicting mass panic based on two hour movements in commodity prices.

The 'smart' investor would think behind the reasons for this volatility in metal prices for a start ,(the answer is the hedge funds thrive on derivatives and volatility, then appreciate the psychological games those villains play using the basic human traits of fear and greed), and then think through potential market scenarios as a result of that volatility.

For example, the margin calls over the past few days would have knocked out a high % of the punters using margin lending ('weak hands'). Recent buyers would be the braver ones with cash and invest without the added pressure of the phone call from the broker.

As the gyrations go on, more weak hands are shaken from the tree and you reduce the volume of turnover in the stock despite metal price volatility.

Not to say the OX will not loose a bit today, but the extent of a drop should be diminishing. The same would hold true on the upside if metals roar ahead next week-don't expect the OX to immediately race back to recent highs. Abit of youthful exhuberance has been taken from the market placeand will not be replaced over night.

And nervous nellie type posts simply play into the hands of the hedge funds-tour posts help them with their volatility requirements.

If the stock is prime quality sit on it/accumulate it if you are an investor. As to traders, one or two have the experience, the rest provide the profits to investors!

Cheers,TAS