It's been that sort of week round the world, the upcoming Easter break and some reassessment of European risk has led to positions being unwound. It always seemed unlikely that the Asx 200 would suffer much today since there hasn't been much activity to unwind. Surprisingly, the index fell as much as 48 points by mid morning but it's down 25 now at 4309.
MSB got caught up in that liquidation, selling down to 751 on very light volume but bouncing away from that support level to be up 3 at 782 now. I bought some more stock at 762 average and I'm easing out of it now.
PXS is unchanged while the larger cap stocks where I'm holding option positions are mixed to up. Specifically, NAB is down 5 at 2474, OSH is up 6 at 698 and SUN is up 5 at 838. The performance of OSH is a pleasant surprise since the sell resources theme is ongoing. The recent action is choppy but positive with the stock bid up whenever it trades into the mid 680s and today's action could be the third higher low in a short period. With any luck, that could be the foundation for a decent swing up.
4.12 The Asx 200 index stands at 4320 as we break for Easter. That's a good performance on the day, a loss of just 14 points. MSB kept reversing and I sold a few more stock at 793. PXS rallied to square and OSH finished close to the day's high at 701.
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