shorts - some facts, page-36

very frustrating, AGO once a market darling, now a cow of a stock to hold long.

All those wonderful broker recommendations from 12 months ago calling for $4.00+ target.

Now all gone pear shaped, more brokers coming out with targets 25% to 30% lower than what was being spruiked 12 months, no wonder shorts can dominate sentiment.

I have run out of supporting lines.

50% fib from GFC lows is around $2.37, looking at todays action we will easily go through that tomorrow.

61.8% is at $1.91, I have to say I am not liking this action at all. We really need one kindly Greek Politican to say something postive tonight otherwise ugly will take on whole a new meaning.

There is some vague support at around $2.16.

Lesson learnt: once the trendline from May 2010 low got broken around 2.92, that was the time to exit, because the market does not give a continental about fundamentals, port allocations, no debt, cash position, rail studies, yadda yadda yadda.

Too deep now I guess I will ride it out for now.