no one knows what will happen today - only thing that is assured is that there will be an "attempt" to exit at the open... for sure...
so, if you have a slightly longer term view of this company, then avoid even WATCHING THE OPEN today... if you plan to sell, it is your own free will and right to do so.. all good...
the way I see it unfold today is (likely) that the opening price today could be the low of the day (or near the low of the day) and then an attempt to recovery...
so assume if it opens at (say) 82c - a gap down of 25c roughly... then all day it could try and get around 90c - if this happens, it will be a hell of a bullish signal... because as I said, the exit at the open will be huge and could be all the nervous holders getting out... IF it doesn't drop much below the opening gap and tries to come back to the high it will be a great outcome...
in some odd scenario it actually manages to (say) around $1 then expect a lot is happening in the background that we have no idea about...
I will taking the morning off and go & buy some gym equipment, I don't want to watch the opening rush for the exit... I will hold and risk it out..
(all of this changes if there is some announcement before the opening bell and news with very positive or very negative data in it... this is just based on news we have so far from last night)
(P.S. : I don't want to think about the situation where we open with 10-12c gap down only and manage to end up green around $1.10- that would be too optimistic at this time )
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no one knows what will happen today - only thing that is assured...
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1 | 2800 | 1.070 |
1 | 10000 | 1.065 |
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3 | 99600 | 1.055 |
Price($) | Vol. | No. |
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