Paul If you're not happy with the stock you should sell it and buy back in when you feel more comfortable with it.
When you buy stock you should have a plan and stick to it. IMO in the case of AGO because it is so unpredictable you shouldn't let it fall more than a cent or two before it triggers your stop loss.
Last Thursday every Iron Ore play went charging ahead except for AGO. My guess is they may be having trouble getting interest in the Mcphee Creek venture and the investment world is aware of it.
Last week went ok for me, if I hadn't touched AGO it would of been bloody fantastic!
If they land a good deal with rail or with a JV it will be great for the SP but you will have plenty of time to buy back in before it takes off.
IMO the only thing that you could miss out on by not holding AGO stock right now is a potential take over offer. I doubt very much that will happen now. You have to ask yourself why any potential suitor has not already had ago at AGO when the SP has been trading in this range for almost six months.
Having said all this I still agree with most of the more positive post on the forum and I suspect the SP will start to recover after the quarterly.
AGO Price at posting:
82.5¢ Sentiment: None Disclosure: Not Held
