I think you're right. I think there will potentially be 4 types of investors:
1. Insto's perhaps looking to get back in on an oil uptick. 2. Previous LT holders (talking 15 - 20c holders) who are still down, unlikely to sell at this point but may get to a point where the break even is enough for them. 3. Buyers at the 3.5 - 4c mark. Some of them may look to sell out for a double bag (although i've been waiting for that pullback over the last couple of days and it hasn't eventuated). 4. New LT holders who see that the political and macroeconomic conditions play into ATS and will look to sit and see how it all plays out.
In the end this is now looking very bullish and none of the above situations would justify a sell right now.
ATS Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
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