AGE Daily Report, page-173

To be honest I don't know. I hold only a miniscule amount for purpose of CR. Since September I have not held U stocks literally. I have written that a few times before, with reason, so will not repeat it. Its a big test for the sector.

The thing is we are so much dependent on market conditions that every thing is nearly happening because of that. Hence my report also I focus on market conditions.

Just today or very recently a huge number of ASX U stocks made their 52 week low - 1AE, 92E, AGE, BMN, CXU, DYL, EL8, GTR, GLA, LOT, MOM, PEN, THR, UVA, VAL - So many of them just made a 52 week low today. Then the rest are very close to it.

Markets have to turn or we could see more downturn. The only thing that could save U sector is Spot Price - but that is stuck with no hopes in near term.

One saving grace is that when we reach this bottom, the risk reward gets better for those buying. It can still fall, but the upside can be very big from here. As they say its darkest before dawn - so lets hope we are towards the end of the night. All the best.