Would I be a crazy conspiracy theorist to suggest the overseas funds may be pumping up ready for the dump so they can place covered calls/ go short then sell, sell, sell?
Cover calling the banks and get double the dividend while not having to really sell down the position due to the hedge. Nothing new.
What role does the low Aussies Dollar play in this rally if any? The AU has broken long term downwards resistance. Hmm!
Can anyone please place a chart on the XJO thread with the XJO AU dollar overlay to see the relationship? I don't know how to do this myself.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |