Interestingly when I tried to sell on IG Index recently I couldn't and had to go through the help desk. They have stopped taking positions apart from the daily bets on this which could be another sign of further losses.
Thursday, 18 April 2013
African Barrick Gold - Down like the Belgrano
Talk about a decline! At the start of the new year, African Barrick Gold were sitting rather jollily at around the 465 mark. What has happened since is quite astounding. Today, we are at 165 after another disappointing day of trading. The 52 week range is a staggering 162.60 to 499.47. If you had gone short on this and hoped for a rebound then you would have been in for quite a surprise. I can only see this stock plunging further.
Interestingly when I tried to sell on IG Index recently I couldn't and had to go through the help desk. They have stopped taking positions apart from the daily bets on this which could be another sign of further losses.
Interestingly when I tried to sell on IG Index recently I couldn't and had to go through the help desk. They have stopped taking positions apart from the daily bets on this which could be another sign of further losses.
