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4.5¢ atlas iron limited

Commodities fell? Equities vs Commodities, page-104

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mechanic

2,389 Posts.

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30/03/18

10:02

Post #: 32138227
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Originally posted by mechanic ↑

shorts are up for 28/3 , short selling is opportunistic should restore faith really they generally only enter to pickup the rise, scary as it is I have passed my trading stop of 25% variation, the world still needs i/o and more importantly competition alternatively the big three Vale Rio and Bhp will own the market with Fmg the current lower grade volume based supplier, Roy Hill has a few problems AGO have a quality management team and are diversifying with lowest cost while reducing exposure to the currently volatile i/o market.

the NYSE showed a promising structural rebound last night the last day of their shortened trading week {easter holiday} and therein lies the other advantage of short selling Aussie stocks at Easter break two four day trading weeks in fact those two weeks impact everything in the world of commerce, another reason to hang on for at least a month, I currently hold at an average of 2.96c buying in on highs and have significant exposure however the plan is to stay in AGO for at least 12 months if I had spare cash I would buy more, I hope this provides some reassurance but please note this is my plan and does not constitute advice---our world must move forward and Australia will remain a big part of the worlds story as a resource supplier

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Dow +1.07,S&P +1.38,Nasdaq +1.64,Russell 2000 +1.08 percentage gains on previous day below the highs on Tuesday and after profit taking last hour of trade, still a very nice last day of trade, on the Trump story I guess no matter what they will have tariffs just to pay for the USA infrastructure rebuild the Yuan will be under pressure now hopefully the USD strenghthens and the Aussie dream becomes a reality, go AGO

AGO Price at posting: 2.0¢ Sentiment: Hold Disclosure: Held
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Commodities fell? Equities vs Commodities, page-104

Top Stories

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Buxton projects new graphite province discovery at WA Narryer play

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BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

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