Traders are not being overly quick to get into long positions as the oil price moves up, but are quick to unload if they see any weakness.
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
You need a high level of sentiment in position for traders to regularly pay higher and higher prices for stock, and we are seeing just that at the moment.
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
I want to go down as a representative of people in this area who want to help, but simply can't go.
David Land
Singapore believe that there is an awful lot of profitability to be had out of the route, so you would certainly imagine that Qantas will be less that pleased if it gets thrown open to another airline.
David Land
It also gives traders who are looking to add some more diversity to their portfolio away from resources some solid looking opportunities.
David Land
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