Well another day of growth on the ASX, another day of red for Atlas. I'm at a loss to explain why AGO has been tanking day after day while the market continues its steady rise.
Its fall the past 4 weeks is now around 30%. Metal prices were up last night, the Dow was up, the sp bounced nicely yesterday and yet today Atlas looks like it will close around 4% down.
I'm not bailing on AGO although i did sell some 3 weeks ago, but am at the least curious as to the cause of the sell-off. It has fallen throughout August, and I just cant fathom why.
Anyone have a theory?
AGO Price at posting:
$1.64 Sentiment: LT Buy Disclosure: Held