Afternoon,

We have seen good results today from WES with continued turnaround in their Coles business and K Mart!They look like they are hurting WOW..WES up 3.7% whilst CBA continue to gather friends up 1.7% with the other banks joining in..

Once again it is the safe defensives leading the way with BHP,RIO and FMG etc underperforming!

There is life still in the specs with some stunning rises today..HOR,SIR and PEX amongst the best..great drill results and a starvation of good news is concentrating the punters..

SIR are now up from 75 to 1.15 since I talked about them on the SKY TV so looking good..unfortunately I got out a bit early so have to find the next one..although there are some that believe that SIR will hit 1.50!!!We will see…one for the brave though!

More results tomorrow including ANZ and we get to see how their Asian expansion is going…should be an interesting day..my target of 4350 is in sight…may even push through on some good news from Europe!

 

Hope you have been enjoying the ride…always nice to have some green on your screens!

Henry

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