Looks like we have bottomed out. Strong buys coming in around 75-77c. No. of bidders has more than doubled in the last few hours. At one stage there were <75 bids on the board. We are now well over 200.
I reckon we will see a bounce very shortly. Not sure how high it will go. I'll leave that for the tech traders. I just don't believe these revised broker targets are realistic. There is too much pessimism priced in. I have contracts in the government sector and I know that SPO are servicing these clients extremely well. The guys & gals on the ground don't know what all the fuss is about (at corporate level). They are getting paid and being mobilised across various government departments.
In my mind a big over reaction that needs to come back to reality.
I'll keep buying at these levels, thank you very much.
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