2022 Charts, page-104

You're a hard man to please!

If yesterday was 'less whelming' than you expected, today will probably be pretty disappointing.

Personally, despite almost literally putting my last dollar into AGY in December and having a short term target of 50.5c and a medium term target of around 90, I didn't want it to run this hard towards those targets because of the inevitable pullback it would cause. Looks like we're getting that now. If it runs too hard there is too much incentive for sudden profit taking which can spook the market and make too many think that fair value was closer to where it was before the rally started. We need healthy consolidation periods to get rid of loose hands along the way without the pullbacks becoming too severe.

Not that it particularly matters, we'll still get there by mid year, but I'm already all in so I'd prefer to see it move more steadily at a realistic pace.