shorts are up for 28/3 , short selling is opportunistic should restore faith really they generally only enter to pickup the rise, scary as it is I have passed my trading stop of 25% variation, the world still needs i/o and more importantly competition alternatively the big three Vale Rio and Bhp will own the market with Fmg the current lower grade volume based supplier, Roy Hill has a few problems AGO have a quality management team and are diversifying with lowest cost while reducing exposure to the currently volatile i/o market.
the NYSE showed a promising structural rebound last night the last day of their shortened trading week {easter holiday} and therein lies the other advantage of short selling Aussie stocks at Easter break two four day trading weeks in fact those two weeks impact everything in the world of commerce, another reason to hang on for at least a month, I currently hold at an average of 2.96c buying in on highs and have significant exposure however the plan is to stay in AGO for at least 12 months if I had spare cash I would buy more, I hope this provides some reassurance but please note this is my plan and does not constitute advice---our world must move forward and Australia will remain a big part of the worlds story as a resource supplier
AGO Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held
