teletubbies thursday, page-34

g'day all

even thu i closed out my anz long at open, i've continued to monitor it out of interest because my price target for this move up is about $23.00 - which to me suggests that my turn date for next week may very well be a high.

interesting price depth on anz this morning - there seems to be some healthy buying at the lows this morning with buyers seemingly taking control - institutions obviously thinking that this price level still represents value - or perhaps they also have my target in mind..lol.

as for me, i'm happy to take profit and watch how the next couple of weeks pan out.

fwiw - cnbc this morning mentioned that the major financials (eg bear stearns, merril, citi, etc) were due to report soon - starting next week.

unfortunately, i have a busy week this week - so not much trading from me.

safe trading all.