Vultures and seagulls have had too much of this stock lately, now the merger is over the brokers and hawks will want it back to do their weekly ins and outs and outs and ins for a while. Merger occurred on a high, how nice.
for an observation of how the brokers and hawks have played with AGO over the last 12 months. http://www.hotcopper.com.au/post_single.asp?fid=1&tid=1348478&msgid=7595360
Japan's disaster was just the catalyst, it wouldn't have mattered what the catalyst was, same thing was going to happensooner or later. There is probably more to it than just Japan too, only it's in the background for now.
I am still of the opinion that around 2.7 is as low as it can go on current fundamentals, market will be feeling as shaky as Japan by then, haven't had that for a while.
I am still of the opinion that around April Fools day will be a good day :) maybe a few days before that.
ifandwhen
AGO Price at posting:
$3.18 Sentiment: Hold Disclosure: Held