The same was thought of PEN post the cap raising and PEN did the opposite to what some said would occur.
That said, SBL opened up one very big gap yesterday. A gap I still believe may get closed. If not only due to the T3 day traders, then possibly on fear of what you allude to.
Eihter way I don't believe SBL will remain there long, if in fact what I think will happen occurs. The fundamentals will eventually drive SBL. ATM you have day traders all over it IMO.
Just my musings a few lines I am watching...while I wait.
The circle is the gap I refer to, yesterdays open. However the smaller gap at the top may be all that will occur, but this gap is based on a rejection of that level so I don't see that as strong support.
It is the confirmation of new support I am looking for. Until then I watch the traders playing ;)
SBL Price at posting:
3.8¢ Sentiment: LT Buy Disclosure: Not Held
