AGO 0.00% 4.5¢ atlas iron limited

Ann: Half Yearly Accounts and Appendix 4D, page-224

  1. J89
    1,365 Posts.
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    The media are usually the ones who jump on the bandwagon and love a story that bashes a company or picks something small that's negative and sensationalises it. Yet the only negative, not even, semi-negative, article was one that spoke about AGO's miraculous and amazing turn around from last year to this year, but said because of hedging they 'lost' $23m.
    Out of the tens of articles released that's the only negative comment I found - we missed out because we hedged. A great safety play. Had we not hedged and IO fell, everyone would be screaming about how poor our management is.

    Anyway, the media can't pick any faults from the AGO report, but we obviously have experts on HC that see so many negative things within this report. Lol they're even calling 2.8c. Having a sook about how bad it is one minute but then buying 500k worth a few minutes after.
    Needless to say, I'm not a one minute man, in the bedroom nor the markets, and so I don't expect the SP to go up 100% every week. And when I see a health retrace I'm happy, and I accumulate.

    Most importantly, I know that the market knows better, but I also know that manipulation is ever so evident in a highly liquid stock such as AGO. And just because it plummets on an announcement it doesn't mean it's a bad announcement. It's just a way to free shake. Many investors don't know how to interpret mining reports or accounting reports and so if an institution dumps, many sheep assume the report is no good becuase the market knows better and they then follow, further triggering stop losses and the cycle downwards continues UNTIL the institution is ready to buy back, and buy back large amounts.

    Now try explaining that to the learned few on this forum. Good luck.

    God bless
 
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