April 04, 2007, Wednesday
The All Ords pierced its all time high, closing up 81.4 points to 6079.
Wall St. flagged the advance with the Dow Jones jumping 128 points to 12,510, commodities also surged with copper reaching five month highs, and takeover speculation added more frenzy.
BHP Billiton, the world's biggest miner, added 55c to $30.64, rival Rio Tinto strengthened $2.09 to $80.99, Zinifex recovered 30c to $15.36, Oxiana flared by 21c to $3.03.
Easing tensions between Britain and Iran saw oil ease. Woodside Petroleum lost 47c to $38.68, Origin Energy shed 3c to $8.85.
Other highlights included biotech company CSL, which impressed again with $1.99 to $85.49, Coles Group surged 75c to $16.86 after the Wesfarmers bid, Wesfarmers rocketed $1.69 to $38.60.
My trading day:
Well this is great! The 2 days I decide not to play (and I couldn't anyway because of exams) the market surges almsot 3%! Lucky i'm still holding BHP.. all my positions in it are now gaining! Zinifex is still looking bouncy, i'm hoping it either just surges from here or forms a base at a low of $15.00.. looking @ LME Zinc atm it broke resistance past $1.50 which is a good sign!
Oh and what did I say about Oxiana? It SURGED past $2.80, $2.90, $3, I really have a feeling this stock is very undervalued and going to skyrocket sometime soon, i'm only going to watch it though because if I add Oxiana.. my portfolio will be pretty overweight on commodities.
Wall St. flagged the advance with the Dow Jones jumping 128 points to 12,510, commodities also surged with copper reaching five month highs, and takeover speculation added more frenzy.
BHP Billiton, the world's biggest miner, added 55c to $30.64, rival Rio Tinto strengthened $2.09 to $80.99, Zinifex recovered 30c to $15.36, Oxiana flared by 21c to $3.03.
Easing tensions between Britain and Iran saw oil ease. Woodside Petroleum lost 47c to $38.68, Origin Energy shed 3c to $8.85.
Other highlights included biotech company CSL, which impressed again with $1.99 to $85.49, Coles Group surged 75c to $16.86 after the Wesfarmers bid, Wesfarmers rocketed $1.69 to $38.60.
My trading day:
Well this is great! The 2 days I decide not to play (and I couldn't anyway because of exams) the market surges almsot 3%! Lucky i'm still holding BHP.. all my positions in it are now gaining! Zinifex is still looking bouncy, i'm hoping it either just surges from here or forms a base at a low of $15.00.. looking @ LME Zinc atm it broke resistance past $1.50 which is a good sign!
Oh and what did I say about Oxiana? It SURGED past $2.80, $2.90, $3, I really have a feeling this stock is very undervalued and going to skyrocket sometime soon, i'm only going to watch it though because if I add Oxiana.. my portfolio will be pretty overweight on commodities.
posted by visherer at
1:46 AM
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