Although lagging, I think it says a lot of the short covering on the resumption of trading. Once the short covering finished, the volume dropped off like today for instance. Only dreamers think SP can just snap back like a V shape recovery when the news out of China is nothing but bearish. Sometime I don't know if new bulls here are buying and hoping with greedy froth as the hit the buy because they are in a supermarket buying marked down Caviar without asking why it is so cheap?
Others who have been 'down ramping' have more sensible argument and sees the traps ahead. Buyers beware, why not take a better punt over at FMG?
AGO Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
