Not disagreeing with you - we saw this with the oversupply story 1.0 which was a big shake out at the end of January, followed by accumulation (I suspect from the ones with a vested interest in an oversupply story). Rinse and repeat until the evidence otherwise is inescapable. I don't buy into the oversupply story at all - but I can see how this gets worked through the market... and we FA retail players have to bob along the waves. I'm still holding AGY long (and have since 2c)
General Comments & Banter, page-228
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