i played the straddle, page-5

plushtek, pretty annoyed that it didn't get through as it was a couple of paragraphs.

it was something about laughing out loud on your change of strategy. credit to you for disclosing your position, however, you were pretty adamant the other day that $8.50 was first target and $8.02 was the next.

Charts might have indicated that to you but on fundamentals and recent trends it was a screaming buy. with woolies up that day by 60 odd cents and being rerated and every retailer under the sun (except millers) basking in glory I thought it was fairly obvious that coles was not a sell. Only my opinion though.

another point i will make is that coles ceo fletcher is highly regarded amongst institutions after his stints with brambles and colonial (correct me if I'm wrong on those two companies).

cheers
ps. tzl to go like the clappers on coming announcement.