ALY 0.00% 0.7¢ alchemy resources limited

Now there's a post boondog. good stuff.I sold out of everything...

  1. 596 Posts.
    Now there's a post boondog. good stuff.

    I sold out of everything a week ago, after a very painful lesson in 2008.

    Not saying we're headed for a bear (yet), but fear is coming back in the the general market in a major way, and nothing is cutting the mustard at the moment.

    ALY like others will suffer in a correction, so its not about the goods of the company, its about the general market at the moment. IOH yesterday is proof (down after a 25% upgrade in JORC Iron at Iron Valley). Another of my beloved co's, but apetite for risk at the moment is just not there for a lot of people.

    Fear is having the real valuation of good companies.

    Cheers, Tim.
 
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