dhu
Mate good luck in trying to pick the bottom. You may have a sleepless night if you elected to hold overnight. The US will likely get the 1 million tonne contract tonight or more significantly the AWB will get NOTHING! Should give it a good kick back down in check tommorrow. The only positive fundamental for this stock is the bollinger curve.
Any hopeful suggestions on your part that the Govt will not want to 'commit political suicide' are laughable. Do you know how many grain farmers are actually left out there with the average age at 57? In any case the Libs have already instigated a plan to deal with culpability. Vaille will be left holding the baby. The Nats are the ones who are protectionist. The Libs are pro-deregulation (instigated NCP) and up until this time have allowed the Nats to use the Single Desk a political vote winner.
AWB Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held