temporary imo,
china strong.
For AGO, it just a little to far too quick, and while the 12m $6 and 3yr $10 price tags sat well, they are not present value, and i think the exodus of punters, who realise this.
It will find support, and it will return.
I sold at 3.90 ish, and look to re-enter where opportunity presents.
The rally from 2.25 to 4 bucks was based on the broker report. If we assume that 80% of the volume blows its stack off, i think a 2.50-2.70 would be a no brainer.
That may be a tad optermistic for an opportunist, but that comes with the expectation of an over run on the sell.
Fair value entry would probably be around 3.00 IMO
cheers
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