US markets tumble, as some banks are hit by a rise in bad debt. This is after record profits over the last few yrs - greed. Note - the AUS banks are not highly geared in the sub-prime sector. No doubt the US will be green today, or early next week (roller-coaster ride). Not sure how the IT stocks held up in the US, after recording record profits last week.
Traders must be having a right laugh, go long, go short, go long, go short.....
Don't think we'll see much activity with AIM today. We have resistance/support points at 24 - 29c. Don't think 29c will be hit today! lol, unless AIM pull some significant news out the bag. Definitely frustrating for buyers as AIM is on the up. Would like to see support at 26 or 26.5 as this resistance was broken yesterday.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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