To be honest, as I said yesterday (or the day before, can't remember) this rise has been good (you know that warm fuzzy feeling you get) but to sustain it we need results, all this over the past couple of days has been due to traders IMO, and how long do they stay in a stock??
A little break or .5-1c sell off wouldn't do any harm over the next few trading days (both US & Aus) until we get an announcement. This way I see that we form a bit of a base around the 13c mark, and if Aus II comes up with the goods, then the SP will launch off this and I think the rise can be retained.
Results are the key, and over the next 4-6 weeks we should get 2 very important ones (pending no delays on Gretel which TB can't foresee). After this we will see a massive re-rate of SSN and a nice solid base in the high teens IMO.
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To be honest, as I said yesterday (or the day before, can't...
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