Cheers Yellowcake, that'll start to knock their share price...

Cheers Yellowcake, that'll start to knock their share price back. Seems the only thing that the share price is sensitive to is those grain reports so if it's as bad as you say then AWB shares will go down a little.

I'm not much of a chartist but one indicator I do like is the RSI (Relative Strength Indicator) ... which puts a value on whether a stock has been overbought or oversold, and AWB is getting overbought and going towards the dangerous 80% value for RSI (20% shows oversold). This indicator I like, because it takes into account how many gain days over a 14 day period as a portion of how many down days, and also factors in the size of the gains. Generally when a stock has an RSI size of 80% or above it is less sustainable for further increases, the probability of correction becomes much greater.

So my point I guess is that technically and fundamentally (due to wheat downgrades) the share price is too high.