AGO 0.00% 4.5¢ atlas iron limited

up 25% from its recent low: Is iron ore in a “bull market”, page-20

  1. 808 Posts.
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    Firstly, the stock market is a mechanism for the transfer of wealth from one individual to another. It does not actually create wealth as there is always two sides to a transaction.

    Second, don't try to interpret the motive or means behind any particular transaction. Just because someone is wealthy does not make them smart, and just because someone dropped $280k on AGO does not mean they are wealthy (or smart). Besides, this could just be a short covering, IE not someone taking a position.

    Third, most journo's are muppets.

    Lastly, congratulations on your new AGO position. You have a clear advantage over 99% of all AGO investors in that you do not carry the emotional baggage of averaging down. Remember that if you can sell at 3.8c you make about 8% in just a few days - you wont get that from a bank...
 
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Currently unlisted public company.

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