November 25, 2008 – Up ‘n away…

Tue, Nov 25, 2008

ASX Commentary

The domestic market finally decided to hold some of its gains on back of a strong US which is a positive sign that maybe we do have a good low in place. It’s a shortened week in the US so anything can happen. BHP jumped over 12% for us today although we can never be entirely comfortable defending a position there because of its ability to gap around. IRE and ASX also showed some life with DJS the only position slightly left out of the money. All these positions have high targets to achieve so we’ll not be getting to excited with such a long journey yet to be traveled.

No new trades today.

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This post was written by:

Nick Radge - who has written 898 posts on The Chartist.


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