AGO 0.00% 4.5¢ atlas iron limited

why is it in the red?, page-2

  1. 19,719 Posts.
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    A fair amount of shorts have been opened against AGO during the week. Probably on the belief that the cap raise od $1.39 may come into range.

    Last thing the shorters want is good news otherwise they get burnt.

    Yesterdays rise was shorts being bought back, expect this stock to swing from one end to the other today. But i think they would liek to close their shorts prior to the weekend.
 
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