What a whirlwind couple of trading sessions on this & Cobalt stocks in particular! The highs, the lows & the 'somewhere in-between'
Yesterday's profit taking can probably be prescribed to selling out of ARL & buying in to WMN as the timing looked in sync.
If it wasn't for that, ARL looked set to punch in to the $1 range...
Now today, we have all those investors (for the most part) bleeding as WMN opened down 25% on massive volume & that money hasn't really flowed back in to ARL...
Today's ARL news is great as drilling has commenced, but I dare say a lot of people are feeling the way I am & holding back on ARL for today. I had every intention of buying ARL today after yesterday's pull back but now I'm content to see how the price action plays out as I'm a little gun-shy given the WMN events this morning...
So confused at the moment! I hate days like this!
ARL Price at posting:
63.0¢ Sentiment: Buy Disclosure: Not Held
