It seems the correction has run its course and we are back where we started from. The daytraders have filled more gaps and are satisfied - they tend to condense a month of trading into a single say when they get the numbers rolling along, or it may as well seem so when following intraday movements. So out with the old skin who probably made a good 25% profit at some point in the last 2 days and tomorrow will be the final T+3 day, counting back from Friday. So today and tomorrow would normally see red like this under T+3 circumstances. After that clean-up will will find the 25% or so of traders who have had to borrow the cash to trade have exited, payed back the loan and they've pocket that 30% profit.
So Wed and Thur thios week will be med-long term shareholder consolidtion days and as of Friday or Monday next, the Daytraders could resume pushing our volumes back through the roof. By then they will have had the Thursday update on Highway71 and they will be rearing to go.
My stock didnt flinch today - Im waiting for the second and third growth wave to eventuate.
Cheers
Lautrec
TEX Price at posting:
6.9¢ Sentiment: ST Buy Disclosure: Held
