sure you didn't mix up your 2's and 3's there? :) just kidding. but chances of it testing 25000 in the near future is far more likely than 35000 imo, especially if we're heading down the double dip recession path which seems to be being mentioned more these days. looks to be heading back down to test support @ ~27100? i'd play it from there once it's bounced or broken. as to the 35000 levels, it first has to break the ~34000 resistance level which it touched back in jan and april, might be a while? just my view. peace
Hi Simon , the reason for this question is that in Feb 2010 almost all resource traders who were interviewed by CNBC Africa tipped or speculated that AGL will reach 480 by second half of this year, this went on for about a week , and actually the share tested the 340 mark, however,as the share was retreating, it was down and out, nobody wanted to talk about the share? is CNBC Africa's views worth our while or we can spend our afternoons in the pub ?
There will always be people stating a share will rise, and others that it will fall. This is why you have bids and offers, and the price reflects the balanced at that time. You have to find your own path.
more thorts .. firstly the people on bubble vision have no better a crystal ball then anybody else .. sure they suupposed to be experts, but they do not know the future .. secondly, what of your bias .. I know that there were commentators not as bullish on AGL, thing is we let our bias get in the way in that we only listen/believe/remember the commentators who are on our 'side' ..
The problem is - for Anglo to reach those levels the TOPI will have to move up hugely. (BETA, relative scale to sector metrics and all of that.) So you are really making a call on overall market sentiment. Far easier to look for moves of this scale in the small to medium cap environment. Anglo is a far better trading stock than the small to mids for the most part, though!
I am farely new to this share investing game. I would like to know looking at the table below: Share Code Share Name Sector Last Move Bid Offer Action Tools ABO ABSOLUTE general mining 300 -10 -3.23% 280 300 Quote Trade S P C H W AGL ANGLO general mining 27550 -150 -0.54% 27513 27550 Quote Trade R S P C H W ARI ARM general mining 16375 174 1.07% 16335 16375 Quote Trade S P C H W ASR ASSORE general mining 68600 100 0.15% 68517 69983 Quote Trade R S P C H W BIL BHPBILL general mining 20442 -147 -0.71% 20435 20449 Quote Trade R S P C H W CMO CHROMETCO general mining 13 0 0.00% 11 12 Quote Trade S P C H W CZA COAL general mining 1179 -1 -0.08% 1170 1180 Quote Trade S P C H W EXX EXXARO general mining 11200 100 0.90% 11198 11220 Quote Trade S P C H W FSE FIRESTONE general mining 30 0 0.00% 24 30 Quote Trade S P C H W IRA INFRASORS general mining 63 0 0.00% 64 65 Quote Trade S P C H W MRF MERAFE general mining 128 -1 -0.78% 128 129 Quote Trade S P C H W MTX METOREX general mining 330 2 0.61% 330 331 Quote Trade S P C H W MMH MIRANDA general mining 56 0 0.00% 56 57 Quote Trade S P C H W MVL MVELA RES general mining 4465 -52 -1.15% 4465 4466 Quote Trade R S P C H W PET PETMIN general mining 263 -7 -2.59% 263 270 Quote Trade S P C H W SAL SALLIES general mining 12 0 0.00% 10 12 Quote Trade S P C H W SALD SALLIES CD general mining 16 0 0.00% 16 23 Quote Trade S P C H W SNU SENTULA general mining 225 -3 -1.32% 225 228 Quote Trade S P C H W SEP SEPHAKU general mining 245 0 0.00% 220 245 Quote Trade S P C H W UUU URONE general mining 1925 -78 -3.89% 1925 1975 Quote Trade S P C H W WWR WHTWATER general mining 21 0 0.00% 16 20 Quote Trade S P C H W Why is it that some mining shares go up and others down althought they are in the same setor?
Well. I'm up for the challenge. Do you expect all listed companies producing canned goods to go up and down together? Even though one produces canned tuna and another baked beans? Even if two companies produce canned baked beans they may have different costing structures or marketing campaigns which may result in one outperforming another. There's an answer.