panic training, page-45

I tend to agree with Tweets. End Of Financial Year selling. To support that theory, look at the chart of the same time last year.

In the month prior to 30th June the SP was in steady decline from 12.0c to 8.4 on 30th June. Panic. Then... up she goes on 1st July.

By the end of the first week in July it was back to 10.5c - 11.0c with no announcements either.

To the extent that history repeats, this chart tells the story. It strongly suggests a recovery in the first week of July when the Buyers come out of hibernation. And a good time to release news in parallel.


Will it happen??? who knows. Does History repeat? Wait and see. Worth pondering the implications though.....