Time for a break. See you after lunch.
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might have been to do with blackmores saying this morning there was a softning in growth in china impacted there profits
AUS opened 33c lower then yesterdays A$12.68 close with low been A$11.80 currently the 20 minute delay boys kicking and SP starting to make inroads into that 33c now
Don't know what all the fuss was about. Congrats to all buyers just after 12pm, and condolences to all sellers:eek2:.
Interesting - according to 4-traders one analyst (out of 8) just downgraded ATM to "underperform" and cut the 12 month SP prediction down to $10.15; Not sure which analyst this was, but whoever is following him/her might have been spooked and sold out?
Obviously - we don't know, whether this was just a blib or the start of an avalanche of downgrades. Current consensus is $12.94 - i.e. company looks anyway pretty much fully priced. Add to that a management with questionable judgement and current risks in international markets - why buy it now?