Possible of course but at a certain level strong support may come and there is always a possibility of some upgrade in their numbers.
Oscarwild,
I try not to react to everydays moves as I am not a day trader but encouraged to see 14 is not broken and today as expected was a strong move.
Today I was surprised by the big selling in our market and once more we are underperforming world market. Japanese market big profit taking was not a big deal and no analysts says that Jap market has moved up so much in the past month...so a drop of 7% is nothing.
Gold sector as the most underperforming sector may look much better in the future. I have not bought or sold any more and waiting for signal to start adding my long.
Cheers,
NCM Price at posting:
$15.12 Sentiment: Buy Disclosure: Held