We all knew a retrace was on the cards, I personally am not worried at this point in time. Most specs (apart from some crazy runners) were flat and/or down today. Spec end of the market has held up strong and usually lags behind the higher end, perhaps now we are seeing some weakness set in as quite a few of my other specs are down too. This week has also been crazy for different spec runners who have all had their day, so I would expect some money to be taken out of something quiet like ISX and funneled into a different runner (eg. NOR which I also hold).
I for one will be topping up if she sails a little lower. As those have mentioned, we saw a similar pattern before the last lot of news. PLUS oppies are in play soon, so you would expect Management to be motivated to have the SP at strike price come December.
All my thoughts only, but my advice is to see what other long term holders are doing. Pretty sure most of us are still here.
ISX Price at posting:
39.0¢ Sentiment: Buy Disclosure: Held
