I have been saying this all along, that it's traders who have been bailing. I agree with the small volume assesment too.
I dont expect the SP to slip much further. Been a terrible day across the ASX and being that it is the silly season, i hope we have seen the worse.
High 50's are a bargain if that comes. It's a bargain now.
I was after Top 20 to hopefully illustrate that their holding firm. They do represent 80% of investors, so it gives great comfort when they hold and/or increase during down turns.
All the best for XMAS
Bacchus
GXY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held