The so called "spike"...lol, all of 4c of it...has been absorbed now, pretty much clearing the way for a solid day in Monday and a decent sentiment week next week.
I suspect the spike was much less than certain people were hoping for...and the retrace conversely less severe, ultimately providing a much less attractive environment for the traders...both those already in the stock from the DOW reactive day, to those potentially looking at an entry (and a bit of a play), with the stock.
I am expecting new highs by the end of next week...but easy does it...and far volatilty and fewer games from the likes of those who saw fit to walk away from the stock this week...for what ever reason.
There did appear to be a larger player exiting, however I suspect they ended up settling for much less than they initially intended?
Can't help bad luck I guess?
lol
Cheers!
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held