The slow drift up in SP is highly likely, due to the string of news we are expecting any time now.
Simply put: The closer we get to news, the closer we get to 10c and the closer we get to 0.5c increments instead of the pultry 0.1s. We know 10c is a a bit of a psychological barrier for some here on AVB threads, but profits will start multiplying exponentially once this barrier is passed. Finance will highly likely push things along between 50-400% depending on market sentiment, copper price etc, nature of the F-news. BUT we also have several other price sensitive Ann's to shortly follow.
I'd like to see the price gradually climb into the teens that rocket up and fall back? Copper price has formed a bottom. Our "capper" has been playing the long game here and is now ready to capitalise on it with newsflow ahead.
It's a game of strategy and psychology, and these guys know how to play it!
Take out the 7's and its game on through to 10c IMHO, then finance, then our string of good news to follow.
AVB Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
