Anyone who thinks that a 4% move in the direction of his trade is worth boasting about is in serious need of reviewing his risk vs reward strategy. You can't make money on 4% stock moves - simple. That is too tight a range and you will get whipsawed out of pocket in no time at all
nope, i never said your trade is at risk, I said your strategy was. a trade is once off. A strategy exists if you can repeat the exercise. That is the part I am challenging. If you think you can make money consistently by getting excited over a 4% move, then you are going to lose hand over fist. The gain is in no way likely to offset the losses you incur on all the losing trades that are operating in the same tight range. Unless you are day trading, of course, but then you can't day trade single stocks.
Ok for the momentum players.. ANG - The mines have an 18 year remaining uselful life.. So how than can the PE of this company be anything more than 18 years? Investing 101.. The share price should be aligned to the sum of the future earnings.. Given its debt load that would wipe out a few years off the PE.. So I would maximum pay 15 PE for this share.. Currently around over 300 based on a 35c first half profit..
The reserves are probability based and they oly show reserves as they are promoted up the probability scale.. so inferred rises to indicated then to measured and each is further split into probable and proved. In addition to this - the model is fashioned based on current economics - a move in the gold price will promote the top nth percentile of each category to the next and increase the overall reserves substantially. It all adds up to a fun game where 18 year life of mine can be stretched like chewing gum to 30 years and then collapsed back to 10 years as it suits the miner.
So u agree that no logical investor will invest in ANG at anywhere near the current levels as they will never get back the cost of the investment in there lifetimes based on the profit history of this company..