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Online Share Trading

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ARI - Break out of it wedge

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I have some of these and see that it has been lagging some of the other mining stocks in resent time, also in a wedge which broke out today. http://www.chartupload.com/viewer.php?file=l5w3fnpuno8cntj010vk.png
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Mr_S
Super Contributor
Hennie, i once asked someone to explain to me what exactly the research report on ARI meant. It had the headlne 'No longer cheap enough to mitigate the risk (sell)). Do you mind please explaining to me what your interpretation of this is. And do you think they will meet thier goal of 2 x 2010?
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Sorry can't find anything on this .. you still have anything on this ?
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Mr_S
Super Contributor
i also had difficulty finding it again, but go to buy n sell ideas, search reports, then type ARI and search all categories, scroll down and you should find it.
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I also saw it, it is Standard Bank's method of rating buy or sell. The sell rating is not an indication of lower earnings, but that there is too much risk in their forecast methodology. Whenenver the current price is trading too close to their forecasts, and they are not confident in the forecast, then they seem to flag the share as a sell.
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Mr_S
Super Contributor
haha hennie yr obviously enjoying this!! haha
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