Well, looking at the chart, I think you're a brave man, Kenny, to go long. And Ed, considering AUO's awesome fundamentals, you're a brave man to go consider going short.
Personally, I think it's a wait and see - though if I had to bet the house on it, I'd go long and hope this latest plunge is a bear trap, trrying to shake out the last of the sellers.
From memory, Austral Coal is one of the few mining companies protected to some extent from the rising Australian dollar.
Austral Coal has never put a foot wrong in recent times and soon will be the proud operator of two highly profitable mines.
Hmmm, shorting Austral Coal - me thinks you're stirring, Ed!!!
Good luck, Kenny. I will watch with interest!
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