AGI is now our best buy after being probed like a virginal inmate taking his first prison shower. No news or reason to justify a more than 30% sell off for the year (that we know of). Strong results, good off shore exposure to developing markets and the US. Why it continues to go down is beyond us and whilst we have seen similar trends before an announcement (insider selling), we're happy to go very long on AGI below $3.

My feeling is that we have one of two offshore punters liquidating a position. We're keeping an eye on the buy sell strength.