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  1. #12001
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    Quote Originally Posted by Ggcc View Post
    $11.21 Australian finish, which means $11.85 finish in New Zealand dollars. Looking good for tomorrow, but understand that we could see a drop as that is a big increase
    Yes agree. Might see open at $11.79ish, then from there who knows.

  2. #12002
    ShareTrader Legend bull....'s Avatar
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    10 - 12 has been the range for a while punuated by false breaks on both sides. time will tell of course if its a real breakout or just more range trading
    one step ahead of the herd

  3. #12003
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    Quote Originally Posted by bull.... View Post
    10 - 12 has been the range for a while punuated by false breaks on both sides. time will tell of course if its a real breakout or just more range trading
    50m shares still shorted - will the panic set in to cover as the sp heads back to previous high?

    Or will those with courage of conviction use the opportunity to double up on their shorts?

    Either way, must be a sobering wake up in 2019 for the shorters who thought they would make serious bucks from the December 2018 market 'crash'?

  4. #12004
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by Balance View Post
    50m shares still shorted - will the panic set in to cover as the sp heads back to previous high?

    Or will those with courage of conviction use the opportunity to double up on their shorts?

    Either way, must be a sobering wake up in 2019 for the shorters who thought they would make serious bucks from the December 2018 market 'crash'?
    some long/short funds can hold for a long time as its part of there mandate, other will be playing the range so who knows might get an increase in shorts again as we approach the top of the range
    one step ahead of the herd

  5. #12005
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    Quote Originally Posted by bull.... View Post
    some long/short funds can hold for a long time as its part of there mandate, other will be playing the range so who knows might get an increase in shorts again as we approach the top of the range
    Those of us who have shorted know that the margin calls are the killer - so will not be a comfortable ride for shorters as ATM sp heads higher.

  6. #12006
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    Big orders on the ASX

  7. #12007
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    Quote Originally Posted by Ggcc View Post
    Big orders on the ASX
    And nice to see them starting with a NZD$12.00

  8. #12008
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    I am guessing we are heading above the 200MA now

  9. #12009
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    There you go $12, that should make a few people happy. I didn't think it would get there that fast.
    Last edited by see weed; 16-01-2019 at 11:19 AM.

  10. #12010
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Ggcc View Post
    I am guessing we are heading above the 200MA now
    Interesting. Wondering whether a hard BREXIT and turmoil in the UK would be good for ATM? Or is the possible ATM upswing uncorrelated to the UK news?
    ----
    "Prediction is very difficult, especially about the future" (Niels Bohr)

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