PEN 5.00% 10.5¢ peninsula energy limited

Ok, you asked us to tell you, so here it is... the analysis of...

  1. 681 Posts.
    Ok, you asked us to tell you, so here it is... the analysis of every tiny movement is dubious at best, spam at worst.

    Seriously, don't you realise that there's multiple interpretations of the set of trades you just witnessed? All you really saw were numbers shifting around, the story you wrapped around them is all you. Consider, for instance, the possibility that these mini rallies occur spontaneously all the time just from chance and the reflexivity of traders.

    That said, the story I wrap around it is that sentiment is positive. To me, that's all it really proves. It was either an anomoly which triggered a bit of buying from watchers scared of missing out, or it might have been insiders getting set for a coming announcement.

    The idea that some puppet master executed that whole sequence while cackling maniacally and stroking a cat is a distant 4th or 5th to the other explanations I can think of.

    dt
 
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