atlas iron a good buy or a value trap?, page-2

Richie

Mötley have hit the nail on the head ... AGO is an enigma of value versus share price and market sentiment. I doubt though that the board would recommend a takeover at $1.50 - $2.00 given where the company is at compared to where is was 2-3 years ago when the share price was >$4.

We can speculate endlessly on where the share price might be heading based on charts or waves or IO price but on a given day (if that's your timeframe) if it pushes higher regardless of the reason, the shorts will cover and we should see a good bounce. If your timeframe is longer than a day then Motleys assessment is probably more usefypul!

H