Will problably bounce again. This is weird. Saw the same with Primedia sale. Two weeks before the due date some people were selling at riduculously low prices. Think there is now a lot of people being squeezed really hard. For me. I will problably nibble again at that price this afternoon.
Cois if your looking for movement in the near future why look at the banks, if going medium to long yes, short term look at whats moving theres a host of top 40 shares and others that are doing 50 times better than the banks heres a few BHP, KIO, ACL, IMP SOL, and so on, stop looking for short term profits in sectors that are under pressure. omo and all that.
I can see it going lower. I just wish I had some money to put into it when it comes back up. The problem is, how low will it have to go before it decides to turn around? :) Wish I had some cash to inject into it... This one will be back with avengence.
Agree fully with Asylum. Only acl,bil,exx,kio,mtn,gld,sol,imp,agl and ams still in longterm,meduim term and short term bull markets. All others bearish. Am also looking to go long upon retracement of bullish shares and short when bearish shares pick up. Trading against the trend has nearly cost me my initial capital in the past. OMO.