Todays trading no surprises appears to be predominantly short trades. Lots of small bot trades with what looks to me as aiming to push the price down before a rinse and repeat. I do wonder what the SP would do without all the short trade activity. The SP can only be placed under pressure if holders sell. If I had to guess shorts will try and push price down another 2-3 cents. I would be surprised but could be wrong that with the large loan now secured they would not likely expect to get the sp under 20c again. But I could be wrong.With a Trump administration just over the horizon, while there is significant potential for growth in a trade war, there is also significant room for black swan events and general mayhem that shorters can manipulate. I really need to stop looking at the market and place these in the bottom draw.
SYR Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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