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5,758 Posts.
809
15/11/16
14:29
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It will correct, but which way? I still think heads will top at 1.7 or so intraday on a big volume day, and that day is where leveling will occur.
I don't think SP will hit much higher unless they announce a sparkler, too many set to exit.
I have seen this once before and option buying by those in the know led to a large crack in heads, options went way OTT.
IMO Mak is right, .002 is where they should be. I was expecting .001 on the buy so was pleasantly surprised by the sale opportunity.
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