q4 report, page-27

Hardmano
My sentiment hasn't changed today.
I closed my last short on AGO this morning for a tidy profit.

I don't think it pays to become emotional about a position.
To me that whole idea is ridiculous!

However the facts are the facts.

They are not making any money!

If the IO price was the same as last quarter this one would have been spectacular!
But it wasn't and it isn't!

I expected the SP to go up a little even if the report was great.
It is just the way the market normally responds to AGO.

It was for this reason I tried to close all my positions yesterday despite believing the report was going to be a shocker.

IO futures way up!

Could be setting up for a fall.

If tomorrow it comes tumbling down AGO will get hurt next week.

I still think we will fall back to the 80's next week.

Chop and change? You bet!