We should be close to a bottom I would think although sxy is still trading almost 100% up for the financial year and there may be some who want to take profits this week.
Whilst the shorters will like to have you think that this thing is just going to drop and drop - lets pause for a while to think why they would hop on this thread and preach doom and gloom - because it is in their interests to ramp it down.
I couldnt care less what sxy trades to this week. When the new fy arrives next week and then when the cr is finalized, this thing will spike. In my view it snot a matter of if, but when. The shorters won't want to hear this, but I predict a new sp high by December. Current high is $1.19.
No need to wish long term holders luck, have a look at the fundamentals of this gem. This is in my top draw.
SXY Price at posting:
68.0¢ Sentiment: LT Buy Disclosure: Held
