ashahriar Great chart, i think we may find it pull back to either that long term down trend line or the massive gap it left yestereday.
It would have been an excellent trade for those who jumped on it yesterday or early today, so well done to those.
Shorter closing there short position would have helped the sp go up but i think its also the shorters who will push it back down again.
Its had a massive run and still cant beleive the strenght of the push up but just remember it can come down as quick as it goes up.
I personaly didnt see the half yearly report positive due to the Loss it made and the fact they failed to provide a forcast for the next half also makes you wonder if they are in a bit of trouble.
Obviously having to cut 500 jobs AUST wide isnt a great thing to happen to a company as it means things are slowing down and these positions are not needed any more.
It will be an interesting next couple weeks to see which way the sp goes.
OST Price at posting:
95.0¢ Sentiment: None Disclosure: Not Held
