I can't see it opening anything below 27c. It will probably reach 30c at some stage and I do think it will retrace sometime today, but should hopefully hold above 25c. When we got to 24.5c yesterday and a new wall of sellers appeared around 26c they sure didn't last long, about 1-2 hours.
I certainly think there must me something behind this, it can not be just traders, the volumes are far too large, and there are buys of 2 million+ shares, etc. I don't think there is much chance of it being a negative announcement if there is one pending.. do you? I'd say its almost certain there is some insider trading going on here.
I hold. Thanks to WMT my portfolio (mostly uranium) is now worth more than it was before the 'correction' :).
WMT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
