Daily Murmur 30/11/10

by Gary Glover

Bluescope looks interesting today, could be the first higher low set up.  Ultimately it will need to close above $2.08 to confirm a break of the downtrend but short term signs are promising.
The weakening Aussie $ is starting to kick in for some of the laggard stocks that have been negatively effected by the rising currency.
QBE is also looking quite constructive and will further benefit if the currency continues to slide lower.
NUF refinancing announced today is very good news for the stock and should put this stock on broker radars.


Gary Glover is an Authorised Representative (Rep No. 259215) of Novus Capital Limited ("Novus"). Novus is a holder of Australian Financial Services Licence No 238 168. Novus, its directors, officers, associates and employees each declare that they, from time to time, may hold interests in financial products and/or earn brokerage, commission, fees or other benefits from financial products mentioned in this e-mail or attached documents. Unless specifically stated within this page or an attached document, any information communicated by this e-mail constitutes unsolicited general financial product advice which has been compiled without regard to any investor's individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you need to consider the appropriateness of this information having regard to your individual objectives, financial situation and needs and consult your adviser. Any indicative information and assumptions used here are summarised and also may change without notice to you, particularly if based on past performance or relate to a future matter.

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