you been posting on the wrong thread at times mate...this is the current season!
anyway re the shareprice...the sell down is quite bizarre.. we can see the tonnes coming in to their system
whilst they may lose some market share in exports as Portsmouth has discussed ( and even me re Brisbane) they will still export ( perhaps not as principal) a lot of tonnes through their system
all I can think is a hedge book loss, but then again prices have been pretty stable here and on U.S. futures....unless canola?..though dubious
I'm tipping it bottomed around 7.30 on the closing price yesterday...no double bottom in, nor a period hanging around lows which is a safer time to call bottoms, but that level was a support of sorts going back a fair while!
I picked some up in low 7.20's intraday
GNC Price at posting:
$7.50 Sentiment: Hold Disclosure: Held
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