NXT has gone a bit too parabolic... you should start offering some out. I'll probably get rid off ILU tomorrow too, much of the rise is built on the premise that mineral sands prices will recover... it won't, not to the extent assumed by the market. They're a smart outfit, so long term it'll be fine, but looking at it from a day to day trading opportunity... it's time to cash in the 10%+ profits.
Should've joined in the shorting frenzy on CHC :D back down she goes... MGR and PPC are also shortable... so is SGP but wait for the air to clear (a week) from their recent capital raising.
Thanks to PPT, I found a great short candidate in MYS :D Shorted a bunch of BOQ and a little bit of BEN and WBC today. And looking for other banks that have stretched their balance sheets too thin. MYS fits the bill perfectly (something like $50m cash against $2.5b in deposits and $1b in wholesale debt with a loan boak that exceeds $3b, overexposed to Qld coal region and Tasmania is in the dump... everyone's losing their jobs and the banks will struggle to collect on their loan books (ie. profits). Finally dispensed off my CBA shares back from the days of the float :D didn't think it'd ever happen, but even the stress on their financials is apparent.
WTP has been a shocker :( downgrade today due to the company struggling to collect on receivables (do you hear PPT?).
CHC Price at posting:
$4.36 Sentiment: Sell Disclosure: Held
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