Ann: Transfield Services preferred tenderer for DIBP contract, page-7

Maybe there is a God afterall. Yesterday prior tomkt open i studied TSE and liked everything i read. 15mins before open i placed a buy order at 1.10 intending to double my orig long position opened at 1.072av.

I was 3rd in line and juuuust didn't trigger. Then as i increased order price to 1.11 the SP slipped away to 1.125 and that was that. Later in day i said f..k it and shoved my buy order to 1.13 and watched SP close at 1.17 after hitting 1.205 on MASSIVE vols. I left it overnight not really expecting order to trigger this morning but at around 10.30am... BINGO!

Hence, my long position in TSE is bigger than all my other long positions combined. Overall still 65% short in current mkt as remain uber uber bearish re IOP and very bearish re LNG. So if TSE tanks its 'sayonar' from me and my time here on HC. But I'm very confident TSE is a strong buy at below 1.14. I intend to write a long post tonight listing plenty reasons re my bullishness.

I'm convinced the ASX200 is heading lower over next several months. Hence am mainly short. But one of the reasons i'm long in TSE is that it serves as a 'hedge'in a bearish mkt.

Anyone else share my enthusiasm for TSE?