Hi Mufcre, I guess when I asked that WHY last week, we didnt know why, as event unwinding with Opes over the weekend. More possibilities or reasons why the SP going lower.
Prior to the Opes drama, I was thinking the SP went down because of some stocks are changing hand for major players taking position. Hoping an annoucement was due in near future. In this case, SP cant go too low.
Now, I can only speculate that those shares being sold are from the Opes, ANZ are selling their stock in a control manner. If they were in Myril Lynch Hands, SP may have down 50% by now.
So the question is how low will SP go? Until all shares are sold, then that would be the bottom price.
Would you buy now? Its your own choice.
I am hurting becasue I am 100% DYL (my portfolio). Seeing my money dripping away.
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