Yes I noticed that, a big move is very close now.
Felt like a final push down today, for shorts to then continue covering at the lows
and finally for accumulators to start punching their holdings higher.
Seems traders just pip trading up and down getting set with a bundle and will
run it with short covering.
I think we should get clarity on the USG acquisition which was finalised at the beginning of July.
Expecting new USG contracts and work to start flowing next month with the 2016 contracts starting to be awarded
in various sectors . Exciting times. IMO
A lot of these bigger funds are getting their fill finalised, including Deutsche ready to
hit their $1.93 target over coming months.
SPO Price at posting:
$1.08 Sentiment: Hold Disclosure: Held