Couldn't agree more about the dead cat bounce. This cycle down may just be the toughest shakeout as it will demoralize many retail investors. The next few weeks is reporting season so we will see some huge swings in sentiment - as we saw last night with the Meta results.
The only saving grace for our sector, and AKE in particular, is that our results should look pretty phenomenal based on the recent quarterly report. Hopefully Martin doesn't decide to hang out some dirty laundry this half!!
Still not worth buying back a trading parcel just yet. I think we will need to see an 8 handle before I'm tempted to buy additional stock.
Just gotta be patient.
AKE Price at posting:
$9.24 Sentiment: None Disclosure: Held