Movements above average

Sometimes, a particular stock moves beyond the average.... but you have no idea why.  Those that are playing catching up, those under a take-over rumour, those with good announcements, ie those with a reason for out- or under- performing, you can explain the movement.

When the market is down, and a stock jumps, then you know it is odd.  If it is up, then you can't complain about the puzzle; delighted but bewildered.  But sometimes, it is the other way around and it makes you scratch your head in annoyance.

AZH haf been tumbling badly.  It was in my top 10 stocks for a while but then some investors dump their holdings.  It had plenty of excellent news but when it became just "good" news, it was savaged.  The premature condemnation of this stock is bizarre when it hasn't even finished all its exploration.  With gold stocks back in favour recently, this one gave one of my portfolios a very nice lift on Friday, with lots of alpha into positive territory, net.