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Where to from here?, page-2

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vmp

13,345 Posts.

9158

27/08/18

18:24

Post #: 35214221
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Originally posted by PianoMan82 ↑

Realistically, where are we thinking we get to by the end of the week? Assuming POSCO is signed sealed and delivered, details of the announcement and results all meet expectation? Given the sector is still on the nose and with that the relentless shorting would a $2.95 close by the end of the week be too conservative? Are we thinking much higher? Or are we thinking we won't see much of a bounce? Will a bit depend on the likes of KDR and ORE = both of which have started the week strongly (especially KDR).
We seem to be in a climate where fundamentals don't seem to correlate to sp action. In fact, the better the news the more its bashed. Everyone is expecting great news here, which makes me a little nervous.
Penny for your thoughts.

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$4.50

$3.50 pre Posco announcements 29 May
$0.95 Posco money
$.05 premium
————
$4.50

GXY Price at posting: $2.77 Sentiment: None Disclosure: Held
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