David Land Price Quotations

Swift sell-offs as we saw yesterday really show that no one wants to be left holding the bag, but movements like these are really indicative of the large rally the market has undergone and the feeling traders have that a broad price turnaround could occur,

Swift sell-offs as we saw on Monday really show that no one wants to be left holding the bag but movements like these are really indicative of the large rally the market has undergone and the feeling traders have that a broad price turnaround could occur,

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.

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.

Although it has calmed down a little of late, the energy sector still has traders watching it very closely for opportunities and with the price of oil remaining quite choppy this seems set to continue.

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.

There was pretty consistent buying in a lot of areas so it would seem that a lot of traders were moving into stocks that they liked at a price they were happy with following the falls yesterday.

(Investors) don't want to see this relatively ferocious back and forth between the government and Telstra management, they want to see a plan for how earnings and the share price of the company are going to be buoyed.