i stand by my call for $2.00 in 60 days and the levels i outlined to be tested. you just cant get there in 1 week on the news we got.
todays news is not enough to say its worth 40% more than last week. some more follow up news as the month progresses maybe yes, but this is just panic covering now.
whilst the drawdown of cash was less than expected, it appears to be rolled into this quarter which will impact there previous guidance for q2.
from 1.01 to 1.40 in 3 days? it seems fair to say its going to test at 50% of that gain before the next rally. i dont think it will close below 1.25 again more a test of 1.20 and a big rally back will be seen on one of the coming days ahead.
looks like my 1.35 call at the close could be on the mark?
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