NWE 0.00% 5.6¢ norwest energy nl

Not much of a change at all. Was expecting to see a bigger push...

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    Not much of a change at all. Was expecting to see a bigger push to the upside off the back of the news however a lot of selling came in. Which is a small hurdle, however, whats clear is the pump and dumpers have been ‘potentially’ cleaned out by genuine buyers, selling the news lost to buying the news in a dramatic fashion. Tomorrow with more attention, and a lot of these dumpers being cleaned out to some degree, I’d expect to see another 5-15% move to the upside. 5c is the next round number and a historic area of sensitivity, so it’s likely we’ll only start to see signs of reversal or consolidation at that point, until then should be an easy run up. Just my view

 
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