Broad market sell off on a Friday. Many companies carrying large debts, cheap money isn’t as cheap or soon it won’t, so market will probably over react to what is already factored in so most likely shorts will increase to pressurise margin loan holders to capitulate adding speed to the snowball until those in charge decide the bottom is in. People sitting in cash have been waiting for this opportunity and bargains will appear if you know what you’re looking for and what is cheap rather than just cheaper. Look at Z1P, SZL, APT, they’ve all been getting a caning recently but EVS is holding up alright at 21 c. We were 8-9 cents not all that long ago so we aren’t back tracking anywhere near as badly as some of these larger techs. That means the improving outlook, low debt and CR has stabilised the SP IMO so it’s not all doom and gloom. Bottom feeders will decide when the bottom is in guaranteed and will get their fill of EVS cheaper than those that bought in earlier this week…..
EVS Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
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