It looks like the US China trade deal problem is not causing much panic. Asian markets went up as Trump's 25% tariff kicked in. The US market is not down very much considering 600 loss for the whole week so far on the DOW after such massive run-up. Right now it's down -120 points and quickly pulled back to -70. Perhaps, it's ok for the ASX. The markets price the trade war in. It looks like some people took their chips off the table as typically they do on Friday. GXY went down a little but not much. Perhaps, the rebound of GXY has legs and will go up a bit more before it goes side way. I am cautiously optimistic.
I think the high volume on PLS on some days suggests that people hope for a take-over bid. It's also strange to see KDR going a fair bit over the bid from Wesfarmers before dropping back down a bit. It would be fun if there were a bid for GXY.
GXY Price at posting:
$1.61 Sentiment: Hold Disclosure: Held
