Have just logged on to see SP knocked heavily at the end of...

Have just logged on to see SP knocked heavily at the end of session. Clearly traders have taken profits and bailed. Funds may have driven down price as well with intentions to buy in over next few days.

Have had confirmation that UGL's presentation in Sydney today was well attended by fund analysts and broking houses. It was well received and lots of questions put forward by those attending. Under $8.30 still a buying opportunity IMO.