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19/05/17
13:13
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Originally posted by AverageJoe
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SP consolidation is adding fuel to the "fire". The first flash to enter my mind as I read it was Cap raising is coming whether it is fact or fiction. Unfortunately it is the number of shares on issue is the problem so the SP cannot expand a great deal without causing the market cap to bloat. This could be the reason for the consolidation but I prefer to see what the market thinks and it doesn't like it. I missed the previous swing as I was late in looking a piece of chart technical reason so I wanted to get in on the pullback but doing some wait and see dilligence instead.
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Ok Joe, what I understand from your post is:
- you are waiting a bit longer before you jump in (and doing a bit more of pulling the price down even lower...)
Did I get it right?