UGL 0.00% $3.71 ugl limited

Shorted at the top 2 lots 5000 @ $7.70 and 5000@ $7.72 when...

  1. 169 Posts.
    Shorted at the top 2 lots 5000 @ $7.70 and 5000@ $7.72 when resistance started to build. Bought back ave $7.52 for small profit ~ $1.7K.

    thanks to the buyers at the top.

    This again as I said, will trade like DOW. Have a look at DOW (Downer EDI) chart if you're interested.

    Gap up and trade higher and trending lower in intraday, crossing below today's opening price was a giveaway clue - i.e. the SP will close down below opening price. Exact replicate of DOW chart.

    I'm now out of the market but my bet is to short and buy back on Wed at open.

    cheers pcyc
 
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