30 % of sales were short yesterday as reported by the ASX web site. So with a bit of luck we should see some short covering.
Freeport Copper & Gold was up nearly 4% last night in the US.
Also all the theories about why the SP has dropped, i think it is just the general market at the moment. Freeport is down 20% from it's recent high. So that puts a price of say 14.4 on OZl then take off the Div and Cap/Ret and where now far off where Freeport is. Actually factoring in AUD rate nad we may be doing a bit better.
- Forums
- ASX - By Stock
- OZL
- please explain
please explain, page-20
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)