Will have to agree on covering shorts ! Nice bullish engulfing pattern forming and obviously a relief rally .
Expect a quick bounce to the upper downtrend chanel of around $8.50 - $8.60. Than I would look to have another crack at short around than ..
Technical bounce - however they are comparing this to the Sydney hailstorms ? You did not have coal mines out for months - business losing all stock and future earnings.
The cost to the business community in loss of earnings is massive and will not be realised/known for another 6 months.
On a side issue have a look at earnings for BOQ yesterday.
interesting article, page-15
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$19.61 |
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