Most probably a result of the Hancock Prospecting's TO offer at 2.4c per share "me thinks"!
Regarding Politics - Just a whole lot of noise as far as the markets are concerned, IMO. The underlying drivers of the economy and the land and credit based economic cycle won't change with any political changes. It's a shame though that the politicians, and I mean all of them, are too stupid to take advantage of the fundamental economic drivers for the benefit of the general population who they are supposed to serve. One thing I know is that the resulting noise is a gift to the "Smart Money" who like to buy when Retail Investors and Traders start to feel a bit scared about what is going on.
Short Term Trading Weekend Lounge: 24 -26th August, page-41
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