Maybe for the fact that news of a takeover appears to be confirmed and we are now aware of what price Shell offered? Also that brokers are expecting Shell to come back with a revised offer?
"Shell is known to be interested and may return with a revised approach. Arrow is being advised by Citigroup and Australian brokers have been in the City over the past few days."
full article below
http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6035607/Royal-Dutch-Shell-tables-1.5bn-bid-for-Australias-Arrow-Energy.html
Just because the DOW went down doesnt mean that all stocks will move down? All the best with your top up at $3.90
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