I can see their logic. BNB down, the bargain hunters will swarm in. Going to be a few people who think now is bottom, just like those last week.
That said I am not surprise of the lower opening today given the way the dow has been moving last week, may see it pick up a little with impatient bargain hunters but end the day lower overall. The might of the weight in sentiment thus far is south. Just check out the ASX thread.
Going forward, what does one think about their exposure to ports? Vulnerable to economic downturn? I guess the upside is that some ports would be a monopoly which would make them somewhat resilient, but then again, europe is well integrated, with many port options.
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I can see their logic. BNB down, the bargain hunters will swarm...
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