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clock Created with Sketch. 20/08/14
06:55
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Originally posted by MrPeeps
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Well I watched the trading in Oz on Monday. A big day! The question is why the buying on no news? Dead Cat bounce? Perhaps. Towards the close there appeared to be a bit of panic buying. Shorts covering? Perhaps. Trading recently in the US has been relatively quiet. Just waiting for Data? Definitely! But there has been one interesting exception in the US. Big blocks have been crossing the tape. Last week a couple, 39K and 234K and this morning 163K block crossed pre market. Same buyer? Perhaps. Shrewd buyer? Definitely! If you remain on the fence, waiting for the perfect time to buy, I have some advice. Begin nibbling!
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The day coincided with the carl stubbings interview did it not? I think its just a bit of puff and the deflation will send the SP below 90c
