The regulatory outcomes will probably have a large effect on the likelihood of a buyout from Optus for AAPT. |
The remarkable thing about it is that the company has been in a spectacular uptrend and yet it constantly amazes with its ability to climb higher and higher, |
The remarkable thing about it is that the company has been in a spectacular uptrend and yet it constantly amazes with its ability to climb higher and higher. |
There was pretty consistent buying in a lot of areas so it would seem that a lot of traders were moving into stocks that they liked at a price they were happy with following the falls yesterday. |
There's a lot of optimism in the sector and not a lot of pessimism. |
This is one of those times when everyone gets a reminder that prices move up and down. Overall though, most people maintain a buoyant outlook for resources generally and I'd be surprised if we don't see bargain hunters move on a number of stocks when given a big of encouragement from the price of commodities themselves. There is possibly an element of traders who have been very focused on opportunities within the resources sector now starting to look at other places to put their money. |
Traders are not being overly quick to get into long positions as the oil price moves up, but are quick to unload if they see any weakness. |
You need a high level of sentiment in position for traders to regularly pay higher and higher prices for stock, and we are seeing just that at the moment. |