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169 Posts.
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12/05/12
14:37
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Hi Forro,
I think if you look back through your posts I bought recently as well around 7.6.
All my opinion but these graphite stocks (all of them) were going banannas, crazy, nuts, almonds when the market was rising.
This is a highly speculative sector at the moment. Risk is being sold off and a move to defensive with recent concerns in europe.
I would hazard a bet the minute we have a 1% plus day we'll see all these graphite stocks come back into favour.
I trade in Canada on gaphite as well from my mom- as I am a Canadian living in Australia. Those stocks as well have come off recently.
I wouldn't get concerned, I am still of the view that this is consolidation at higher prices.
I would start to get concern the moment you start seeing two 1% days on the ASX and these stocks are moving. That means that speculation has moved.
Again all based on my opinion. I am switching my sentiment to LT buy, as short term still on consolidation.
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