Low $34s, high $33s, IMHO, STO and ORG have been the stocks picked on and singled out by the bears on the ASX. BPT, WPL and OSH have avoided the sharp sell down.
I have not been surprised by the pullback due to the inverted yield and its flow on to the pullback in the POO which has been demand driven. IMHO a positive trade ANN, recalibration of sentiment in the US, a President Trump Administration focusing on the economy and stock market as opposed to other things will all lead to a more positive sentiment for oil and deal with the demand shock to the POO that has just happened.
So WPL will be sold off but IMHO will inflexion point back up when POO reverses. It will break to the down then up, not yet FOMO but not yet FONGO as we are not yet at inflexion point only IMHO as always pls DYODD.
