Eurotrash...

12.53 pm ...Or Quitaly. The ASX 200 is 0.6% lower at 5975 after weak overnight leads. It's been a grind for my book with the good and the bad cancelling out. The small caps are flat too which is ok as that's long only. I'd given up on BDA and left an offer in at 55 (entry price was 53) because the volume is generally way too low for my time frame. Unfortunately it went straight through my offer on good volume and is now 59.5. Ouch.

1.57 pm I bought back the BDA. I missed an announcement as I was late today and it turns out that the chairman of vitamin maker Suisse, now Chinese owned, has joined the board. Possibly the prelude to a takeover or maybe not but enough to generate plenty of interest. Back in at 60.
Meanwhile A2M looks to be generating a buy signal. I bought some early at 967 and added at 995.

4.30 pm The market did pretty well compared to most others with a fall of just 29 points to 5985. The large caps were a touch down overall as a few things reversed in a nervy, whippy market though the small caps made up most of it as BDA finished at 65.5.
I've been short Magellan for a few days and the stock has been in a tight range but broke down from it today. I've slightly added to the position as I think there will be some follow through, possibly below the April low to something around 2200.