A.I.M. Users Bulletin Board

[Neil Scott]

Heatwave.

We are into Autumn(Fall for you folks) and in the middle of a heatwave with no end in sight. The temperatures are up above 40C (over 100F) again as they have been for about 8 days now and we are in for another 6 or more days of hot weather. Never had these temperatures at this time of year before.

In contrast the All Ordinaries is decidedly icy for anyone dipping their toes in the water.
Two more stocks were added to the warehouse shelves more Suncorp-Metway (SUN.AX) one of the large Queensland banks was added at $11.25 a better deal that I expected, my order was for $11.48, a nice opening gap down and reverse.
The other was for more Technology One (TNE.AX) which has dropped another 14.5% from the spot I bought it a week ago.

The market is definitely spooked over here despite the reporting season being generally good.
I think everyone is pinning their hopes on the resource sector as everyone is piling in there and as we all know, to make money you have to do what the majority are not!

regards

Neil