The market just needed reassurance that these companies are making an absolute truck load of cash...
In the absence of that, the shorters have had a field day, especially given all the negative media coverage the sector has had. I guess a negative headline makes for 'exciting' journalism & sells...
With a stabilization of IO price (but hopefully an increase) and the reassurance the mkt has been craving on the way (jan 29) we should start to look healthier
AGO Price at posting:
95.5¢ Sentiment: LT Buy Disclosure: Held
