re: panic stations 1.80 --> time to short Hi Sabre.
Shorted SGW yesterday with $1.41 in mind over the coming weeks. Stops placed just above the resistance at $1.90. Fairly comfortable short I think.
If LHG closes below $1.11, then I'll probably be short that too. I believe the latest LHG run was started with a Sunday papers ramp 3 weeks ago, and $1.22 might be the end of it. Snowballed into takeover talk as usual but all rubbish.
Technically, I had LHG dead cat bouncing to reach $1.24 as 38.2% fib, but it hasn't quite made it - $1.22 fighting POG and USD strength etc. Could be wrong but I think better than each way its going down.
Is it just me, or did the POG momentarily breach a key support level at US$387 earlier today?
Cheers,
Christian
SGW
sons of gwalia limited
re: panic stations 1.80 --> time to short Hi Sabre.Shorted SGW...
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