Thanks Stayer - Good luck with the weather. I guess in your area you are looking at normal odds now? South East Aus lower odds (of above median rain). There was an update yesterday that I assume was relatively unfavourable.
From BOM: http://www.bom.gov.au/climate/ahead/rain_ahead.shtml
"The chances of receiving above median rainfall during the October to December period are between 25 and 40% over southeast SA, most of Victoria and Tasmania (see map above). In other words the chances of below normal rainfall are between 60 and 75%. Such odds mean that for every ten years with similar ocean patterns to those currently observed, about three to four years would be expected to be wetter than average over these areas, while about six to seven years would be drier than average.
In contrast, the chances of receiving above normal rainfall are higher than 60% over most of western WA and parts of southwest Queensland. However, it should be noted that rainfall is commonly low over southwest Queensland and much of the Pilbara and Gascoyne districts in WA at this time of year.
Over the rest of the country, the chances of a drier or wetter October to December period are roughly equal."
I guess that may be part/all of the reason or excuse for the sell-off.
GNC Price at posting:
$8.71 Sentiment: ST Buy Disclosure: Held
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