trading strategy- thoughts?, page-6

This stock was a no brainer after last Thursday morning. It was obviously under substantial selling pressure which seemed to end at that moment. Even Macquarie took the opportunity to increase their shareholding the last couple of weeks.

The SKI results are on the 24th August and it goes ex distribution on the 28th. It should be close if not over $1.20 by then no matter what the market does.

The volume is down today and the buyers have to pay up. Classic rubberband play.