buy side depth?, page-3

The mid cap ironers were punished Thursday/Friday and again more yesterday, presumably on the back of talk of a slow-down in China. Our connection to AGO is great but when they and commodities in general at the same time get hammered, we're going to cop it too.

Based on volumes i don't see anything dire or unique to AJM or AGO, just general market/sector influences.

Loads have gone to cash so there's a lot less buyers across the whole market and i think there are a lot looking to make any profit or break even where they can in this market and those .15 cent options will provide the chance for many to convert to cash and move to the sidelines.

For me AJM is plenty solid enough to leave some money here as the only reason i'd get out is if i thought i'd get a chance to get back in a lot cheaper and i don't think that's going to happen. Watch the buyers move in if it gets to .13.

All just my take on it though and i'm just as easily wrong as i am right!

Regards

DYOR
GLTA