I think it is probably a little bit of organizing of portfolios...

I think it is probably a little bit of organizing of portfolios prior to end of fin. year. There has been a lot of selling over the past few days and today there hasn't been that much selling. Provided the vol. stays reasonably low I think we are safe to assume that the selling has now finished.

The retracement has only been very minor really.

It looks to me like a good buy