BBG still falling now down almost 4% with over 2 hrs left. SP down 1.60 from just 12 days ago. Kenneth, bet your're glad u sold when u did. Today we had highish inflation figure come in at 15 for past qtr. IMO RBA will raise base rate by 0.5%. That won't help retail much either. BBG could still breach 10..00 IMO. Unfortunately had to close my last short today due to pressure elsewhere. But i was always confident.
Would i buy BBG below 10.00?? No i wouldn't as higher AUD will continue to hammer bottom line. Far less risk elsewhere.
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