Hi Folks
I feel that smart money is buying in at present prices. Throughout the last week there has been a consistent theme in the SP action:
- Consistent sell-downs at the close so the last traded price appears lower than it actually is;
- What appears to be tactical dumps into a diminishing buy side to induce supply;
- Large buying into any supply that is shaken out; and
- Strategic 'doubt' campaign by influential posters on HC and other equity - related sites.
The bad DOW close on Friday in the US will be another opportunity to induce hysterical selling into the small / mid-cap sector. Mums and Dads will continue to bail. The smart money is hoovering up these shares because DST has almost limitless potential in a range of sectors from the ocean bed to space and everywhere in between.
I for one will continue to load-up whilst the retailers are capitulating....
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