bouncing back as expected, page-5

Hmmm ... as I posted this morning the ADR(NWS) was trading overnight at AUD13.317.

By mid morning NCP was trading at a discounted $13.15 which meant it had to close the gap at some point.

NCP has closed at $13.33.

We are LONG but waiting on Rupert to ann re DirecTV ... which could see a nice run-up.

If NWS continues to weaken overnight then we shall all be stopped-out tomorrow in any case ... and then we wait for the next entry.

Cheers ... tight stops.


This is only my view ... read the red stuff.