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I don't believe it.
After this weeks trading on the Nasdaq & Australian specs and no-one says anything.
Read an interesting piece that insinuated that the Nasdaq (after its 600 pt fall in a couple of hours) was propped up by the American Govt. through Merril Lynch and (forget the other one) , obviously to prevent further freefall, mass panic & losses and all associated ills.
In case anyone is interested, my bag of techs & specs lost about 30% from thursday to wednesday dinner time and have regained about 27% back since then. Mind you helped out by a bit of good bottom fishing with the 20% I had in cash.
Thank you KRZ up 50% in 2 days.
KRZ - Indonesian oil production and exploration with solid cashflow looking at tech opportunities. Bought the oil operation cheap when oil was $10 a barrel.
www.kalrez.com.au
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