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Article: Traders cut positions on higher lenders.
- Article from:
- Australasian Business Intelligence
- Article date:
- October 11, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: John Wasiliev
Oct 11, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The rally in Australian banking stocks prompted many contracts for difference traders to sell out in favour of resources stocks in the week ended 9 October 2009. Meanwhile, Peter Tardent of CommSec notes that many traders opted for bull put and bull call spreads.
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