G'day Slick, We have seen a relentless drive to get the SP down to current levels over the last couple of weeks. Your charts reflect that.
Fundamentals have not changed so there is no material reason other than a drive to cap the SP at a lower level.
Do you have any thoughts on whether this "assault" has reached a base level or whether the games have more to play out?
Noticed that the NBI closed flat (and slightly up) on Friday - it has been declining in previous trading sessions.
Is it possible for a reversal in the downward trend over the next couple of weeks? I suppose this will depend on whether the Biotech sector in general starts to pick up.
Anyway, be interested in your thoughts.
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