So this morning there appears to be 10 million shares in the mid 0.04's that people need to close out positions on. A personal rule of thumb of my own, that means another 10 million shares from day traders are also sitting on the sidelines waiting for the next pop to offload.
Mmm, so based on the volume of late, investors will pick them all up very quickly.
Open - A few pips more than yesterday.
First hour - A Seagull frenzy.
Next few hours - A pullback and day traders bailing.
Lunch time - A sandwich and reflection perhaps.
End of day - Another run up towards the value PSF deserves.
SYT Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held