Every time I think we have hit rock bottom with TEN and that it cant get any worse, it does! Are we there yet? Pretty much all the bad information is now known, so either TEN starts to show signs of improvement as a result of all the rationalisation, or are purchased by NEWS or someone similar, or they go broke.
With TV licence I cant see the third option occurring, so its now a wait and see game.........someone was soaking up TEN shares on Thursday and Friday last week.....small volumes at open took the price down, then larger buying volumes steadied the share price, without chasing it.
Lets see what this week brings????
TEN Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
