Hey, not sure about the results, however a technical perspective points to downside. Resistance at R307 (If it gets there) however a move down to to the mid 250 mark and then potentially to the 240 mark. I wouldn't be taking any huge long positions on this one, the downside retrace is not yet over.
I am in agreement with Ninja. The retrace is not complete yet. Expect downside to about 260. Noise about tomorrow keeping it at c295 mark. If they pay divvie, maybe it will go to 300. Wait for the set up Mon/Tues next week for confirmation. Alternatively, as a hold medium to long term, I think this share has good credentials.
Thanks guys...was just looking for a bit of confirmation, I am a warrant intraday trader and took a early stab at a call warrant wiyh the expectation of a bit of hype around reporting time and divvie. Plan to cash out on the up side in the am
Precious metal exposure is driving this stock. (all metals for that matter.) Today we are advised that America still has rising unemployment. So she can't really do much to tighten monetary policy in the short-term. AND here's the kicker - now she has an upside inflation surprise. What to do, what to do? Just accept your medicine and inflate your way out of the mess!?!