General chat, page-1148

Well interesting day in a boring sort of way.

TLS pulled back (does that ease your mind?) and then rallied. The fact that it ended up green while TPM and VOC were red was also interesting.

TCL chugging along nicely, Western Distributor on track though a long way to go. I see they have renamed it to West Gate Tunnel, which is much more sensible.

SMN, IDX meh. Someone is working IDX. They try and push down, and then in the closing auction they put a large (for IDX) order in near the day low to try and scoop up anything that falls down. It's just not liquid enough at the moment to work that well. Good luck to them.

PLS was where it was at today for me. I was watching the trading. The buy side was systematically being demolished and the plunge demoralizing. However, when you look at the trades, there was a one share trade going through every 5 seconds, constantly pushing the price down. That is no retailer and it implies (hope is eternal) to me this is not a general drift downwards of the SP, but rather a systematic attack on it. I would rather have the latter, because once they are done, they will reverse the action and pump it up. All one has to do is hold. And maybe buy more, if one is brave enough and has enough $$ ...... wonder if AverageJoe will have anything to say about it; he certainly seems to know his stuff.

Speaking of pumps I was watching HFR, for no other reason than it was the best performing stock in the ASX 300 (I don't even know what they do). Again, looking at the trade depth, plenty of small orders on the buy side pushing the SP up. Will be curious to see what happens to it for the rest of the week.

Also noticed SRX cracked $18 .