Previous threads on ASZ indicated readers felt ASZ would produce...

Previous threads on ASZ indicated readers felt ASZ would produce a fantastic result and 85c was the target. We all tried to buy more at around 60c mark but sellers were nowhere to be found. Results duely saluted and SP leapt 20c to 85c. Suddenly sellers in huge numbers appeared and vols increased over 10fold!!! today is high at 450,000 but is only half of yesterday. Sell side is thick with sellers in 85-90c range and plenty buyers in 80-83.5c range. So what to do?

Clearly some large holders are using this s an opportunity to exit. I expect heavy sales at 83-86c to continue for next week at least. But will those wanting to get in at under 80c have any chance? it may happen IMO. One strategy is to place an order at say 78c and leave it there. unlikely to trigger but in this crazy mkt anything is possible. plenty time before div date so one can afford to be patient. Don't chase it just yet. generalmkt still fragile IMO and a sudden pullback cannot be ruled-out.