"Milenko" AGO has always had a high BETA value.
Part of the reason why it gets hammered so easy, is it didn't perform to the expectation of the market last year.
This year is looking totally different and if the IO price
remains strong and we start getting some good production figures you will see a very quick turn around in the SP.
My bet is; this is exactly what's going to happen.
If your going short follow the daily news and place your bets accordingly.
Its no different from reading the form guide at the TAB.
IMO there is nothing else you need to know.
The magical charts and prophecies won't mean to much if US fails to pass it's debt ceiling or alternatively they suddenly agree on solving the problem.
A thousand other things can happen in the short term,
this latest RIO debacle could affect us.
Nobody knows, especially the ones who think they do.
- Forums
- ASX - By Stock
- AGO
- iron ore & china
iron ore & china, page-27
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)