Definitely a bit of quite/discreet short covering going on at the moment.... At the same time there seem to be some super-confident shorters still willing to have a crack.. But they don't seem to have parcels of 50,000 to short like before...
The strength of the finish today and the next few days will tell the tale.
Big dow finishes in financials could spell a surge to 7.50+
BNB
babcock & brown limited
change to the better, page-8
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