TSE 5.50% $1.06 transfield services limited

Sellers appeared to dry up considerably once buying support...

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    Sellers appeared to dry up considerably once buying support appeared and bid the SP up to around $2.10, as sellers were more confident they could take their time. Considering it has been a bad four days on the markets - TSE seems to be holding up OK now, and I think buyers will be waiting at around $2.10 or so to create support. Obviously buyers will take the overall market into account to determine how much they are willing to pay. I didn't think the recent news was so terrible - it seemed more short term bad than long term bad to me.
 
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