atlas iron a good buy or a value trap?, page-46

Do you think it is a smarter move to just wait for the Rail approval, before making any purchase.

So for example with the price at the moment ($1.01 - which is a support), if there is a rail deal imminent, we would see a break or resistance at $1.20 with high volume and let us say on the day of announcement, the stock will spike 15% to around $1.38, then I would buy..then few more days of good volume will definetely hit $2.0.

But with no news and all mere speculations on what-if's, I would recommend not to be too myopic with a sector worse a stock as the closer we are, the more blurry it gets.

Please trade with caution though I do not discount that AGO is making money, I would avoid falling in love with a stock and will always be alert for opportunities elsewhere.

I change my sentiment to none (until the rail is announced then I will buy as hard as my bank account can hold). Whatever the brokers says will not convince me until the deal is done.

superox