Seems a few are cashing out the funds from spec stocks.
A big 1m sell order of SMLO brought that down to 2.0c. SML held up well at 4.2c, not dipping below 4.1c. It didnt fall anywhere near as far as it did in the august correction. Perhaps the fact that gold stocks are partly in favour of the market helped SML today.
Bollingher Bands were beginning to tighten, hopefully this isnt a break to the downside.
SML Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held