"well you can see any movement above 27c and it's running. it's just a matter of time" -- chris6
"... matter of time[?]" yes, but it's a function, I believe, of instos jockeying to get the best sp.
I was thinking of an insto trading timelime. The Q$ was released yesterday before market open, and MLX was promptly hammered. Yesterday and overnight insto analysts were exercising diligence all over Cu, especially Sn, and MLX "re-set," targeting MLX and its short to medium term potential. Today it looked like robo or algobots doing the insto's bidding (pun intended), ie, insto accumulation.
Instos almost never work in tandem without a t/o, or other extreme circumstances. Therefore, the sp can get away from them. AND that's the bit where plus 27 cents hits hard. As for now I'm thinking $0.235 is a floor.
Naturally the above is purely speculative. In fact the information can be spun where this is a bearish scenario, ie. where an insto is trying to exit MLX.
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