My opinion is that AGM will slowly re trace back to the mid 40s, maybe a bit lower, unless a sweet nut of an announcement is forthcoming. (Saxon in March, any opinions on a time frame) I have held since 9.8 cents and it tends to double in value, fall back to about 20% above the pre-run value, then run up again in cycles. So I think, if I had traded on the fluctuations I would have done a lot better. But then, you don't want to be out by mistake either.
Don't forget, a lot of short termers would have bought in on the basis of the favourable paper reports, knowing that they would be able to make a quick profit off those who might buy in for a longer term position.
I'd say a fair few are selling now just in case she drops back a bit further. And maybe their post Christmas credit card statement has come in too ;-)
AGM Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
