This float remind me of previous world famous speculator's saying:
"If necessary, you must have a firm resoulution to burn out today what you praised/admired yesterday."
They are going to sell their goods and service(QR National) with extreme greed and totally opportunatistic approach.
Extremely high(proforma) PE Relatively low Dividend Yield Relatively low ROE(Return on Equity), etc,etc
Apart from this, Weekend AFR p48 title under "How charts are ploting the market's course"
:Technical analysts who study the movement of equity market charts to make forecasts have advised the benchmark index is on the verge of a breakout that could lead to it climbing 5000 points before Christmas. The key level is 4700 points, according to Fat Prophets senior techinical analyst David Thang. In the past couple of months the market has come to close to breaking this level several times..........
Let's see whether breaking out 4700 barrier and how ASX index is moving toward.
