Any way you cut it, slice it and dice it, the market was always going to be disappointed on anything less than a substantial flow to surface.
Today will be ugly. We will see a massive sell off and plunge in the SP at open. I believe it will recover from the initial plunge but will close down at close of trade.
So the question is, do you sell off in the panic at open and take a big hit, sell after the initial panic, or hold the line and see what Surprise brings. The SP will probably recover once surprise spuds and that may be a better time to jump ship if that's your intention.
The only sure thing I can see is that the SPP is now looking pretty sick. I will continue to hold because the time to jump off was prior to today. I think today will be the worst day of all to sell, unless you managed to buy in at rock bottom a few weeks ago.
Good luck all on what will be a very, very unpleasant day.
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3 | 283254 | 0.052 |
3 | 554313 | 0.051 |
4 | 375000 | 0.050 |
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Price($) | Vol. | No. |
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0.058 | 100000 | 1 |
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