lots of stop losses on the mini longs breached today...forced selling today and more to come tomorrow. A matter of whether there's any gusto on the buy side at these levels. If not, there'll be further falls on the back of forced selling. Take a look at the warrant stop loss levels that've been breached. Ouch.
But to me - nothing fundementally wrong with the stock. Hopefully none of you long termers are leveraged to the max, and you have breathing room. Nothing bad in the quarterly report. Here's hoping for a return to sane times.
BTW - I have again written to ASIC re the lack of disclosure on the mini longs - I have no idea of the open positions, which is outrageous in these times. Remember the simple times of options trading, where all open positions were public?
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