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AngloGold Ashanti Ltd. Message Board

inggolfer 1 post  |  Last Activity: May 7, 2014 12:35 AM Member since: Aug 30, 2007
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  • Reply to

    curious price action

    by feckman May 6, 2014 10:26 AM
    inggolfer inggolfer May 7, 2014 12:35 AM Flag

    I have a rather large position and I was disappointed in price action today although I largely think it was the broader market sell-off. I'm not sure what yesterday's big block sell was late in the day however what was noteworthy yesterday was the preliminary tariffs on many country's imports of GOES. This is huge news for AK and the U.S. steel industry and I think why the stock rallied pre-market. Given the stock is trading well off it's 52 week high, positive catalyst in import tariffs, magnetration in Q3, and a huge short interest I'm holding as I believe downside is limited.

    Sentiment: Buy

17.78-0.27(-1.50%)Jul 30 4:02 PMEDT

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