Anyone notice that the day before Coles and Telstras profit warnings/downgrades that both stocks rose a few percent for no apparent reason.
Coles will continue to drift to high 5's in my opinion.
Telstra may be more favourable now, with people wanting their money in a cash cow.
One has to wonder about the state of our economy, with poor results all over the shop. Maybe ours is a late hangover of the US.
