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AEG,GND

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Super Contributor

AEG,GND

MY bottom picking efforts have worked a bomb! AGL, IMP, KIO, LON.. I think AEG and GND are about to join the party...
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Super Contributor

Re:AEG,GND

Should have looked at AEG with a bit more depth when you first posted, but after yesterdays reminder took a nice CFD bite at 291 this morning. I think far more to gain than to lose on this one. GND, unfortunately hold quite a few long term, so maybe sit this one out.
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Super Contributor

Re:Re:AEG,GND

In the past (especially after market/sector washouts) - I have found it very rewarding to take positions in potential buyout or rejigging / dismantlement targets (although it does trigger an early exit and a capital gain.) GND looks like a bit of a sitter at this point. Of course - some short term recovery of the Baltic Dry Index would help this along (more than we have seen to date, that it.)
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Super Contributor

Re:AEG,GND

I agree with you, Thresh. I like the look of that rounded bottom on AEG's chart. Could be a good recovery stock.
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Super Contributor

Re:Re:AEG,GND

So you're a bottoms guy, then.
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Super Contributor

Re:AEG,GND

Only like rounded ones.
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Super Contributor

Re:Re:AEG,GND

It's a good thing there were no short positions to be found o BTI. So much for Roffey's analysis. Dangerous when the "perceived" indictors are at odds with the fundamentals. Sometimes things turn out for the better!
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Super Contributor

Re:Re:Re:AEG,GND

BUT - Completely out of left field - BATS is reportedly considering taking out REYNOLDS for %50+Billion! That should make BATS a shorting target. Still too dangerous to try and predict the market's reaction - it seldom reacts as I think it ought to!
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Super Contributor

Re:Re:Re:AEG,GND

BUT - Completely out of left field - BATS is reportedly considering taking out REYNOLDS for %50+Billion! That should make BATS a shorting target. Still too dangerous to try and predict the market's reaction - it seldom reacts as I think it ought to!
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Super Contributor

Re:AEG,GND

AGL and LON have been crushing it. Up almost 234% on LON!
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Super Contributor

Re:Re:AEG,GND

Yeah - KIO (+220%) IMP (+140%) and Now look at GND (+30) and AEG (+97%) I think they are just beginning to turn. This is turning out to be a very profitable year.
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Super Contributor

Re:Re:Re:AEG,GND

Well done Threshold.
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Super Contributor

Re:AEG,GND

Looks like a reversal..Longs should start exiting..The bear market rally is almost over.. Commodities were running in sentiment and short squeezing/covering..The fundaments remain, a horribly oversupplied market, weakening demand and slower growth in China and the rest of the world.. Companies pumping like theres no tomorrow so the imbalance is still there..
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Super Contributor

Re:Re:AEG,GND

A proper reversal will only come if America raises rates. Supply is below cost and way below reinvested replacement cost (ie. new mine cost) - meaning that commodities are technically in a form of "capital cost basis" contango. This can never persist. The questions are; - when will it reverse and which companies will hit the wall while waiting. Reversals are always fast furious in this sector when they do come.
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Super Contributor

Re:AEG,GND

It's amazing how quickly bears can grow horns, and what's even more amazing is how quickly they forget what their reasoning was when they were bearish, schizophrenic mentality, they forget what garbage they said and are too afraid to say anything against the trend, especially those fund managers who act like sheep on TV programs not willing to stick their neck out. Kio suddenly back over $60 share price should be over R200. Those who thought gold was a barbaric relic are suddenly falling over their feet trying to buy it. LOL
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Super Contributor

Re:Re:AEG,GND

I meant iron ore price over $60
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Super Contributor

Re:Re:AEG,GND

Speaking of gold , why the drop in ANG today ? Can't see any obvious reason , what am I missing
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Super Contributor

Re:Re:Re:AEG,GND

It follows BIL which was ex div. today. Once the selling is over both will go higher especially BIL
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Super Contributor

Re:AEG,GND

Maybe a lower rand gold price? You can normally tell from GLD more or less what the gold shares will do and it is down today.
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Regular Contributor

Re:Re:Re:Re:AEG,GND

GVV, My last Kio purchase was R27 , qty 727. I really like the comment on how bear grew horns.
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