I sold out completely today with quite a big loss. I regret not selling on the day off the anti-dumping news, was hoping it was just oversold. The response from China is just going to become more inflamed... Morrisson's plan to oversee all foreign investment, is just going to annoy China.. they have just banned another meatworks/beef from Australia the day after this was announced. Don't see China/AUS relations improving any time soon... unless major political shift. did have my hopes when I heard Phase 1 us/china deal still going ahead... I think the stock will test the lows earlier... around low 8's... but don't see any shift in SP until political relations improve... i think this is all just a political play. not sure what morrisson has in store for improving Vic's economy... but looks like andrews belt road deal is off.... just too much risk for me
TWE Price at posting:
$9.31 Sentiment: Sell Disclosure: Not Held
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