Reading through these posts, seems to me people are giving financial advice based on vain hope rather than any reasoned analyses.
James Packer buys into TEN then shorts it??? Really?
His shares are well and truly underwater and he and Lachlan are not going to like that.
(Lachland's dad Rupert owned the network in its glory days of the 1980's---it has NEVER recovered since he was forced to sell out because of the media laws)
Indicators bottoming, and would appear to be a good place for a bounce....but doesn't mean it can't go any lower.
Price is now back where it was in October 2008, and June 2009.
TEN Price at posting:
$1.21 Sentiment: None Disclosure: Not Held