I cannot see assume similarity
between a tech stock bubble and a world expanding demands for steel.
When a stock market bubble comes
apart at the seams only the well attached businesses survive and expand their businesses.
The tech bubbles like all bubbles were full of potential holes, if you lost big time, you
gambled too much of your Capitals in these stocks; In the next bubble just invest what you cannot afford to love."lose"
-- Maybe you've learned something, you've learned a lesson in doing
proper research, perhaps! and don't fall in love with any stocks at all.
Never mix wisdom with folly.
The wisdom is facts that you know about any company, folly is what you dream about them.
But if you get your Fundamentals (FA)at least 50% correct in your favor, you're already at advantage prospect; remembering that (TA) is only history! there's hardly any logged and useful history in
spec stocks. it's very difficult to know enough about them sometime until it's too late.
AGO had a meaningful history but it has been caught with it's pants down with the IO price dive to the bottom, almost suffocated in debts! but just managed to escape death by a thousand cuts, and now looking like coming out of a terrible long term illness from debts. Lately things are looking very much like a
god send recovery at hand; All we can do now is to watch it with all eyes and firm mind, as to what's really is happening; If the world demand for IO continues to accelerate, what surprise this could be, the capacity to making trucks loads of money, it could very well pay for all it debts very soon. To me AGO is like a true "Lazarus story" what's not there to grab with it?
I have a strong feeling IO price is going to stabilise in a profitable style for a long while, as the whole world is gearing up for their own LT infractures maintenance and expansions, this will create huge demands for a whole lot of commodities, especially IO.
It could be that we are at the bottom of
a huge commodity market "IO Boom"
I say, let's
suck it and ride it as far as it will go!
Wealth creation history, is made out with these eventful cycles, we may be at one right now
(DYOR)
FH
