huninni I am in this one for the long term given the returns, management, captive nature of the sector, high barriers to entry. Even if they dont manage to win the NSW rights they will continue on business as usual. Aus growth rates are the highest they have been and the economy is improving. Its all good for them. To me it looks like people are just trading them in the range of 2.33-2.45. If thats your trade then today or maybe tomorrow (dependant on the US) is the time to pick a parcel up. I questioned my own buy yesterday when I thought it might drop back to support at 2.33. My worry will be if it breaks 2.33. But hey longer term it will be ok.
TTS Price at posting:
$2.34 Sentiment: LT Buy Disclosure: Held