You wrote "Retracement *almost* always follows the spikes"
In the past SOR has indeed tended to spike after an announcement, and then retrace considerably on the same day, and then go into a long, slow recession curve often lasting months.
But the game has changed. No more quick out-and-in accumulation of shares, I think. At least, not in the current climate. The stakes are just getting too high, and the risk of being left running down the road behind an ever accelerating bus is now too great - as I found out last week! I got back in just in time before the bus took off again, but the bad timing cost me 75,000 shares. So that's at least another six months' income I could be enjoying if I hadn't left it sitting on the road when the bus suddenly took off.
Yes, we're all expecting an announcement. But what if they don't succeed in achieving what they're hoping to achieve? What then? We're still sitting on a potential roller-coaster.
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