It certain feels that way sometimes. Fortunately some of these factors counteract each other.
For example POO and AUD/USD are actually loosely coupled as they are influenced by similar factors. This means that as the price of oil drops the AUD is generally heading in the same directiom whilst the US dollar is going in the other. These don't completely cancel each other out but it smooths the efects with regard to the resulting value of SSN as expressed in AUD.
Sadly this is also the reason that we don't rocket when POO is peaking. The AUD tends to be running high at the same time so we don't get the full benefit as the US holders do.
POO will probably fall further in coming months but so will the AUD. The markets will probably stay crap for a couple more months also due to NA holiday season and the derth of buyers this creates. Europe is a basket case and is now a permanent fixture in the risk landscape so we will just have to get used to the occassional euro landmine going off.
All looks bad I know but as we saw last night little stocks like this can buck the trend on nothing more than hope. Actual positive results will see investors forgetting the overall market and flocking to one of the few stocks that isn't stuck in the mud.
SSN Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
