We are in for a reprieve I think starting as of tomorrow... phew.
Yeah, I am very familiar with Bradken, Disco. Rode that stock ($6.50 at the time I think) from the bottom of the first leg down in 2008... took up the SPP too at a bargain price... all the way down that very steep cliff to 98c I rode it. WHAT A LEGEND! I finally sold them for 7.20. If only I had some bloody money to have bought at the very bottom. The GFC temporarily stole my money.
I dont think I will still be holding should the market decline that far to 3765 somehow, Disco. That would mean a further 400pt drop. I intend seizing any short term reversal as a means to liquidate a bit more. And, as you say, a break below that level would signal doom. I certainly will not get caught like the first time, and I will sell whatever is left in my tiny swag.
Thanks again for your support, mate.
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