Look at the profit taking going onward from all the 16c-16.5c buys recently who are only to happy to take 10% or more in less than a week
I think also some speculation of news release given this is the middle of the week as well..
I see speculators only having a material affect during periods of lower volume - as can be shown on many occasions in this year when the news is right this can take off well past anyone trying to catch it.
I always thought it had to do with volumes - we never get a massive sell down like we do a buy - up.. the buying lasts a short time with big volume but then without anything else it slowly sells down again over weeks....
If the news is right qqqq - anything is possible...
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Look at the profit taking going onward from all the 16c-16.5c...
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