GL with the monitoring. So 1.32 must have been an "upward" resistance level. We're now at 1.43, but where is the "downward" resistance level? 1.10? Is it meaningful, given that we've got a federal election in 3 days time and a rabidly anti-coal party is likely to win? Or will Bill Shorten be so desperate for cash to fund his suicidally anti-fossil-fuel agenda that he'll encourage coal exports to pay for it?
We live in a mad world, as in "Men .. go mad in herds, while they only recover their senses slowly, and one by one." (Charles Mackay). I hope enough men and women recover their senses by Saturday! But just in case, I have somewhat reluctantly sold a few SMR - only a few. Having bought in at average 0.433 it seemed a bit reckless to risk the whole paper profit with Bill Shorten knocking on the door. I hope that in the weeks to come I regret having sold them.
SMR Price at posting:
$1.43 Sentiment: Buy Disclosure: Held
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