XAO 0.14% 8,013.8 all ordinaries

Short Term Trading Week Starting: 6 May, page-102

  1. 2,345 Posts.
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    Nice tip @Create tend to feel like you've got a good gut read on these TA movements (and I like seeing your TA match cross a good FA pick on my side - as TA is not my suite) Also actually feel like you should be a bit higher on the leader board, but it's been a tough market

    I note @radx has also seen the same signals

    Do think as @minoil has eluded to elsewhere that RMX have had too many failed acquisitions now and this one next one had better be on the money - and as usual the stench-o-meter is pretty foul on the RMX threads, which is always a contrarian sign I like.

    Think the RMXOG's and OH's (At 1.5c and 1.8c expiry) are also good leverage at the moment for a bag or two if the acq - emphasis on the "IF' is right. Hold a few of the OH's which are far tighter (with 37m on issue vs OG) - so in short good leverage here on both.

    But caveat emptor as my bias is always on shells as at least your downside is limited so folks can factor that in as well
 
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