AGO
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0.00% 4.5¢ atlas iron limited

why is ago tanking

  1. ausjpn
    1,021 Posts.
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    04/09/09
    14:26
    Post #: 5599352
    Well another day of growth on the ASX, another day of red for Atlas. I'm at a loss to explain why AGO has been tanking day after day while the market continues its steady rise.

    Its fall the past 4 weeks is now around 30%. Metal prices were up last night, the Dow was up, the sp bounced nicely yesterday and yet today Atlas looks like it will close around 4% down.

    I'm not bailing on AGO although i did sell some 3 weeks ago, but am at the least curious as to the cause of the sell-off. It has fallen throughout August, and I just cant fathom why.

    Anyone have a theory?
    AGO Price at posting: $1.64 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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