Oh, I think quite the opposite . It's been quite entertaining this morning watching the massive pre-open duel happening between Bears (shorters) and Bulls (optimistic long-uns). On CommSec, SP has been as low as -15%. At -6.5% ($1.64) a few minutes ago, and now at -8.3% ($1.61).
On a more serious note, if the SP doesn't hold above $1.70 today, I reckon $1.50 is on the cards before it finally settles. Maybe even back to the 12-month low of $1.43. Please note, I'm not a down-ramper (I'm holding two solid parcels long), just calling what I'm seeing in the charts.
GW
Chart, page-93
-
- There are more pages in this discussion • 23,374 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online