This thing is itching to move, however overall market conditions make it difficult for anyone to justify pumping funds into this.
Many as i said before are getting 10% swings with BHP and the likes. Many others arent taking any medium to long term views on stocks. Even though they may not be trading im pretty sure their portfolios are swinging around like a day traders.
I wouldnt be surprised if some buy orders at 1.1 got pulled and we ended day with sellers at 1.1 again. Id love that to not be case, but thats what i foresee for the day. Announcement or not.
Lets hope we can get some sort of buys at 1.2 again today and finish week positively from there.
SBN Price at posting:
0.7¢ Sentiment: LT Buy Disclosure: Held
