Cant find any news on why this SP is heading lower. At $13.04 it looks like it has almost broken through the 61% Fibonacci retracement. We need the US to be up tomorrow and see if this bounces higher, but even so it might only be a bounce. Last report was relatively positive given the asbestos provisions. US housing on the rebound, managment looking to build market share to 25% from current 17% of fibre cement market. Only thing i can think of is profit taking after a spectacular run up from $8 and everyone has their big fat dividend and special dividend cheques. Anyone as a guess ??
Cant find any news on why this SP is heading lower. At $13.04 it...
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