Hi ahs , At this period coming into end FY there is a lot of volatility with brokers clearing their books to pay their taxes and bonuses , and fundamentals don't come into play . When we hit reporting season , they" the brokers will have their spy's out finding the winners and loosers before they report ' then they may even sell down the top performers , draining the life out of them , trying to create a selling spree while they grab as many as they can . It's a dirty business . That is why " sell in May and go away and don't come back to St ledger day" still applies . I think St Ledger day is in Sep . And after reporting season it all kicks off again . My Husband says " less worry , more beer and B B Q 'S " ...... Cheers
MRM Price at posting:
40.5¢ Sentiment: Hold Disclosure: Held