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Latest Posts
This last week has been another one of retreat – a very orderly retracement however – what better would you want? The overall daily trend is still up but I must say some momentum has been lost and I would marginally modify my view about how far this rally might take us – at least in the medium term.
$5.50 is the institutional price offer and so those institutions that take up the script in the current fund raising will be keen to support that price.
This week we have a new contributor – Wayne North. Wayne is based in Melbourne and is an Options Trader on both the Australian and USA markets.
Yes – you will need your seat belt on – not that this big dipper ride will be all that rough – but it is precautionary – that is all that is required in this market right now – prudence not fear.
This is always a tough question. If you are a long-term investor you may adopt a more cautious approach and wait for clearer confirmation that a bull market is in the making.