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Baseless

809 Posts.

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24/04/17

20:43

Post #: 24244365
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Originally posted by JCoure ↑

A lot of investors on the ASX trade like that. CBA says the result is "disappointing" and SRX was down at the open so everybody sells. They mentioned the French election but put no context to it and then when Shanghai and Shēnzhèn opened made a lot of mention about the P.R.C. investment curbs on speculation stocks.

ASX and SRX is like the Fawlty Towers of the global investment world. Watch what happens to SRX on Wednesday, unless North Korea has done something actual, I suspect SRX will go right back up again as CBA says there is some "bargain hunting" or something explaining the reverse.

A lot of the shorts on the wider market will need to come off too as the S&P 500 Futures are up almost 1.5%, FTSE up 1.8%, CAC40 up 4%. So SRX might be a stand out depending on the offshore leads.

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Classic buy high, sell low strategy.

I really dont understand why people adverse to risk go anywhere near biotech.

SRX Price at posting: $14.80 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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