Anglo Canadian Looks Like A Sell
The whole market isn't doing very well but Anglo Canadian is doing even worse. It looks like a sell to me.
I was in it but sold out a couple days ago at a small loss.
It went up all the way to $0.88 but now it's half that price so it seems to me like there might be better places to park your money right now.
This was always a pure speculation and sometimes they don't pan out. I was waiting for the gold spinoff but it seems like it will take much longer than I expected.
Now of course to sell on a down 9% day may not be the best thing to do because this stock is very volatile up and down but until something changes the trend is down in my opinion.
This stock will eventually do good but I think we have to hit somewhere between $0.20 and $0.30 before it might become a buy again.