Australian (ASX) Stock Market Forum

AGO - Atlas Iron

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I'm having a very bad run lately and need to lay low for a while.

In at 1.34, out at 1.26.

I'd look at getting in again at 1.34 but I can't see that happening short term. With Schroders (?) selling like crazy, I would want evidence of that drying up first.
 
If I was Schroders I'd let it trade above 1.13 at close then sell the last lot of shares (??) into tomorrow's run. What I mean is they could "create" a run tomorrow if they wanted to. It looks ripe, but it's all about the big seller and what they do.
 
Gringotts Bank said:
Would anyone know much of today's volume is going through at the offer price?
Click to expand...

AGO.PNG

Bid is red fyi

No clear winner, but doesnt look too good.

Also, FMG upgraded by JPM so its dragging iron ore names up
 
skc said:
SkyQ, where do you get those charts from?
Click to expand...

Bloomberg excel template.

I was trying to make one myself till I discovered that. Saved me a Lot of work!

However it feels a bit like a lagging indicator though, still playing around and seeing how it acts.
 
skyQuake said:
Bloomberg excel template.

I was trying to make one myself till I discovered that. Saved me a Lot of work!

However it feels a bit like a lagging indicator though, still playing around and seeing how it acts.
Click to expand...

Thanks. It pretty much confirms what you'd already see on the price action I think...
 
Gringotts Bank said:
If I was Schroders I'd let it trade above 1.13 at close then sell the last lot of shares (??) into tomorrow's run. What I mean is they could "create" a run tomorrow if they wanted to. It looks ripe, but it's all about the big seller and what they do.
Click to expand...

Hi , any idea on who is buying.
 
Oh! Kenneth Edward Brinsden director buys 212000 shares on market on 1st May. AGO Announces new significant discovery on May 3. Gee, I wonder if that could be insider trading. F_cking Joke!
 
notting said:
Oh! Kenneth Edward Brinsden director buys 212000 shares on market on 1st May. AGO Announces new significant discovery on May 3. Gee, I wonder if that could be insider trading. F_cking Joke!
Click to expand...

Can I borrow your time machine?
 
notting said:
Oh! Kenneth Edward Brinsden director buys 212000 shares on market on 1st May. AGO Announces new significant discovery on May 3. Gee, I wonder if that could be insider trading. F_cking Joke!
Click to expand...

Nope, not that or any other kind of insider trading. He bought the shares AFTER the announcement.

These sort of posts, shot from the hip without doing the right research are what gives forums a bad name and causes forum owners to be sued.

Cheers
Country Lad
 
Glad to be corrected, sorry. forums are good cause they help sort people out !
Thanks Lad
 

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