U know, u r right, cpetersen, I thought of going short but this early hour of trading shows how fickle the market is in Australia, AAD fell 20% and then back to 8% down, market fell so dramatically across the board by almost 1% when Wall Street had a bullish closing tick and was just off by a bit.
AAD might be a good buy in a couple of weeks when the brokers revise their useless recommendations and the immediate buy on weakness signal is diluted.
Concerned about the state of some of the attractions and management (former Councillor Deborah Thomas as CEO seems interesting, an ex politician heading up a leisure company seems strange and perhaps questionable) but I was thinking of buying it when all the volatility and momentum signals wear off.
And Main Event is going very well in Texas somehow. I thought Texas was affected by oil and gas negatively but does not prevent the Texan leisure time or so it seems.
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