Hi Nice One,
I cant see much of this weeks trading yet.
FWIW though, Credit Suisse was noticeably absent on Monday's sell-off (after being a net buyer of 550k last week). The boys at Morgans were quick with the trigger on Monday and let 588k go at 63.6c and someone through Morgan Stanley dropped 392k at 60.4c which may be a continuation of last week's net sales of 251k.
But the 'fingerprints' of Tuesday's selling were completely different...insto cutting for sure; but wont know until tomorrow.
I, like everyone else here, was a little surprised about the lack of Aust revenue growth the last half. But I do believe SC's ego (and bonuses)* is now too wedded to his continually stated revenue targets to not meet them. And lets not forget the CFO's huge $800k bet at 53c which he didn't have to do.
Methinks the 2 top insiders know more than current mood of the market.
Cheers,
*both quite large, I'm guessing.
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Hi Nice One, I cant see much of this weeks trading yet. FWIW...
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