Originally Posted by
duncan macgregor
Lets hope that some of you will pause and think about why after a great announcement has been made, that the sp has dropped slightly in a rising market. There is no fundamental reason for this, it goes against every FA indicator that there is. It only proves the point, that the traders control the price making market sentiment the ruling factor, with PE factors a distant second.
I would have expected that after announcing another dividend, that the mums and dads might have been enticed to buy a few. I still expect the sp to get up to the 180c mark before the market crashes when oil gets up to the $200 a barrel mark so keep those following stop losses up its all going to hit the fan. Macdunk