Sunset Strip | Aussie market squeezed out a small positive despite US holiday tonight and negative China sentiment
Sunset Strip | Aussie market squeezed out a small positive despite US holiday tonight and negative China sentiment. Big positive moves (1) DNA has been taking a beating...bounced 8% today on buy back (2) ORE popped 6% on Mining Award & First Primary Lithium Carbonate Production (3) TFS Oil Outperforms in New Acne and Psoriasis Research. Other notable positive movers are GXL after broker scare stories took it below $8, PRY/SHL getting relief after government co-payment being shelved and OFX moved up another 3% on good update but beware the 20m shares coming off escrow tomorrow. Big negative moves (1) BRU was down 27% after weekly drilling update (2) MYX was down 16% after US sales drop (3) VET keeps falling after Chairman resigns...down 15%...should start the management change to re-rate (4) TRS down 11%...broken model (5) NWH...mining service after a downgrade...down 9%. Trading idea of the day: BHP Billiton (BHP). Thursday's Thematic TMT Pick: Telstra (TLS). Chart of the day: iProperty (IPP). (VIEW LINK)
Over 25 years’ experience in the finance/tech industry. Mathan has worked extensively in all parts of the finance sector (i.e. County NatWest, Citi, LIM, Southern Cross, Bell Potter, Baillieu Holst and Blue Ocean Equities). Currently Founder and...