There's a lot of optimism in the sector and not a lot of pessimism.
More Quotes from David Land:
This is one of those times when everyone gets a reminder that prices move up and down. Overall though, most people maintain a buoyant outlook for resources generally and I'd be surprised if we don't see bargain hunters move on a number of stocks when given a big of encouragement from the price of commodities themselves. There is possibly an element of traders who have been very focused on opportunities within the resources sector now starting to look at other places to put their money.David Land
However, by retaining a sizeable shareholding and a share in the management of the company, they are able to hold on to a good proportion of the company's profitability into the future.
David Land
There was pretty consistent buying in a lot of areas so it would seem that a lot of traders were moving into stocks that they liked at a price they were happy with following the falls yesterday.
David Land
The added benefit from the traders' perspective is that the share buyback should create something of a floor for the price,
David Land
The potential for going through 70 a barrel is certainly there, it wouldn't take a lot of bad news. You've got the U.S. hurricane season in the not too distant future, as well as the driving season.
David Land
The regulatory outcomes are going affect not only Telstra, but it is going to have a knock-on affect into the rest of the telecommunications industry.
David Land
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