Dead Cat Bounce!

[JulzM]

The cat is still alive !!

[Rams]

how high will it bounce?

[JulzM]

Maybe 44500

[suki]

i see a short to 43900

[SimonPB]

just high enough to stop out the shorts

[Russ]

Hehe,probably true!

[Hali]

AGL is either up 15% or down >5%? How does this work?

[Rovert]

Agl is up .... Why why why

[Hali]

Rumour has it, theres a takeover offer on the cards

[Rovert]

So...buy on rumour, sell on fact

[Mol]

Sentiment can turn quickly,look at kio,100% up in less than a month.

[Hali]

AGL is announcing results tom..maybe market knows something we don't.. also announcing restructuring plans in detail. I think we could see 100 soon

[Russ]

So is everyone snugly in the bull trap then?

[Preston]

@Russ, snugly with stop loss in place.

[Russ]

Good man! Never forget the stop loss.

[Hali]

Is this a Dead Cat bounce or a reversal in trend? KIO up almost 300%, AGL 100%.. This seems more than a bounce to me

[Hali]

And since a dead cat bounce can only be identified in hindsight its impossible to be sure

[SimonPB]

an that exactly the point .. impossible to know, so just trade the price

[Preston]

@simon, Mark/Chartist would be proud of you Simon. His expertise has finally rub off on you.

[#20]

nope, actually, trading the price has consistently been Simon's mantra, conveniently plagiarized by Chartist.