JP Morgan have bought 5% of AUO over the last couple of weeks (http://www.asx.com.au/asxpdf/20040720/pdf/3m69rf9bbd91t.pdf), probably responsible for a large part of the recent rise.
Of course Morgan's may not know what they are doing but I doubt it. These sort of investors will blow the sp wide open.
A few traders have taken profits over the last few days but my money (and Morgan's) says they will be sorry.
cosmos
AUO
austral coal limited
