General Discussion AGY, page-6289

Thats partly my point. I don't know in what world the US Friday comes before Australia's, but whichever day it is the ASX shat itself today on some pretty solid losses on the Dow etc. The bounce on the Fed was a bit out of line and I personally think the US markets will stay flaccid tomorrow in any case and next week will be weak. Good buying if you want it.

I'm glad AGY held nicely on 40c but wouldn't be surprised if it reaches that 38.5c next week. If the end of Feb can be discounted as Putin's flailing attempt at a power grab, the rising support line still holds for 38+ support, or if not then mid-30's it is. Either way, it's probably going to stay oversold next week and the upper Bollinger band is coming down, so at least until the gear arrives from Asia or 10k permits happen, there's nothing to put it back on the good foot for the foreseeable.

I've let 3 or 4 predictable accumulation opportunities go by because the future is bright, whether next week, next month or even next year. Que sera.

The market has been indulging resource size but the next two years will pay a premium on cash flow and assurance of delivery.