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…..
Broad market sell off on a Friday. Many companies carrying large...
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