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1.2¢ vector resources limited

Always going to get some that buy the rumour and sell the fact....

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debono

22,942 Posts.

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18/09/18

09:49

Post #: 35663156
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Originally posted by Zestfulmocha ↑

Agree this will cause some to sell, traders mostly perhaps, but my sentiment is as it remains yesterday - let it churn and get rid of early profit takers. It would be a hard thing if it was signed today and we had to try breakout on the back of last weeks run, and with so many trapped these last few months.

The churn at high 2s / low 3s (maybe?) will be fantastic to give the TA indicators a breather and set the VWAP higher so we should see less selling when this is formally done.

All IMO, that's the big positive for me in addition to the obvious progression and de-risking

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Always going to get some that buy the rumour and sell the fact. What will be more interesting is how trading goes after the first hour. I will certainly be off loading some other stocks to get more at 2.2c if it gets there. This has $100m market cap in near term written all over it imo.

VEC Price at posting: 2.6¢ Sentiment: Buy Disclosure: Held
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