daytrade diaries... thursday, page-6

  1. 3,802 Posts.
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    newb85... from a technical perspective, 31.5 cents looks like support. Various indicators suggesting oversold.

    From a fundamental perspective, their foreign goods puchase hedging strategy will have served them well, I suspect predominanlty chinese manfacturers may have / will come to part on volumes / pricing adjustments going forward, debt servicing / maturity didn't look overly onerous. Price refelcts I think management arrogance. Market will look for yield in near term.

    Very short term play for me...
 
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