its really hard to say borro.i was suprised yesterday. usually...

its really hard to say borro.

i was suprised yesterday. usually an announcement like that will cause the buying depth to fall apart on iluka. but it didnt and managed to set up a firewall at around the $8 mark which was obviously breached today. it was very uncharacteristic if you like.

I to personally like your target of 6.50 as thats what i was looking it to buy some more. i believe there is still some downside to go with what we can all assume will be a poor quarterly mid jan and FY results that wont be very good in feb. the old "panic factor" may provide some opportunity to come.

1 issue that there is is that the ASX is near its 52wk highs and iluka isnt to far off its 52wk lows. if things possibily head south on equity markets could put a lot more pressure on. the aussie dollar isnt helping either. cheers