Hmmm ... as I posted this morning the ADR(NWS) was trading overnight at AUD13.317.
By mid morning NCP was trading at a discounted $13.15 which meant it had to close the gap at some point.
NCP has closed at $13.33.
We are LONG but waiting on Rupert to ann re DirecTV ... which could see a nice run-up.
If NWS continues to weaken overnight then we shall all be stopped-out tomorrow in any case ... and then we wait for the next entry.
Cheers ... tight stops.
This is only my view ... read the red stuff.
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