You could be right Junky,I've been trying to add up Barclays'...

You could be right Junky,

I've been trying to add up Barclays' position since the late 604 lodgement, and IMO they are just about out. Could be a day or 2 left in them.

I'd speculate that after that, we can expect a period of confidence building (maybe a coouple of weeks if the market doesn't keep tanking to badly), and then a causious move north.

Remember the entire sector has copped a beating - IMO because most of MCR's peers don't perform to well - so I think it will take a while for the lights to really come on. But they will, and I'm looking forward to that.

Takeover activity is not out of the question either IMO.

Good luck to you all, and do listen to David Moore's talk on www.brr.com.au if you haven't already. And no, I don't work for MCR. Just like making money, thats all.