DTs Weekend After Market Lounge 10th March, page-91

Disappointed I stopped looking at AGO. I missed the clear potential for reversal based on Thursday's candle.

I bought in AGO on Friday at auction, perhaps I should have waited for a cheaper price on Monday. However I take note that the stock fell 40% from 5c -> 3c based on a 6.5% decline in iron ore price ($92.5/tonne -> $86/tonne).

I think it's oversold and the market is noticing that now for AGO. We could see a nice pump from 3.5c -> 4c at even a slight increase in iron ore price. A more realistic recovery is perhaps 3.5c -> 3.7c on Monday if the prices remain about the same.

I'm expecting a mutli-day recovery, so perhaps not a DT but a 2-3 day hold.

Any opinions on this or AGO?