Whilst realising a moderate loss on Oil Search (OSH) Warrants, I'm glad I got out before today.
Support for OSH, where it recently had a tripple bottom, was at .67.
I sold down my warrant (call) position over the past fortnight. (You win Alpha).
For those who hold, the next support / resistence level was / is .64. Today after having fallen below .64, OSH immediately moved to .63 and then on to .62.
Iraq's agreement to the UN inspections last night confirmed that OSH was going to fall below its' support.
For traders and investors, for your own sake, just watch things here carefully.
P.S - Does anyone want to sell me some OSHWAG, OSHWBG or OSHWPF for .001?
Regards,
OSH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
