Don’t know who is going to win this punch on yet, the seller obviously hasn’t run out of ammo yet, but the buyers keep stepping up to the plate.
The whole spec market has been a cest pit of shit for a long time now, as the top end of the market keeps sailing on, makes you wonder if there is enough liquidity to support the spec end these days, with the competition from crypto and whatever other bullshit worthless tokens the younger generation like to trade.
I am getting to the point of not bothering with specs much more, its seems like the quick and the dead these days, if you get a bit of positive news, then get ready to dump, before everyone else does seems to be the way to play the specs these days, as most of the price spikes are generally very short lived.
If this crew miss their guidance that they released a couple of months ago and the quarterly is below expectations and whoever has been selling, obviously has had some inside running, because unfortunately the current aggressive selling would suggest that may be the case.
I would be very interested to see the broker data over the last few weeks if anyone has access to it and can post it.
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