On that day the Pittstreet research paper (paid by WBT) was released. No chart can predict this
Great for the SHs.
3 days later, unexpectedly the SP started going back to pre-announcement levels without any obvious reason.
Since Friday morning we know why.
Leaky ship?
Take your own conclusions, but one must admit that family offices and the rest of the big boys were for sure very pleased with the research paper from Pittstreet since this gave them an opportunity to take some nice profits..
I hope the down trend will stop at 2.45.
With this socialist, comunis, sorry democratic administration in the USA killing jobs every day (listen to the absurd press conference from John Kerry yesterday, for example) I don't know were the SP could stop.
On the other hand I have just read that the German car industry does't have enough SoCs (System-on-Chip) for the Infotainment and for the assistance systems. SoCs are exactly what we want to produce in the next 18 months and fabs can't keep up with demand. Some in this forum has pointed this out and I think that this could help your SP in the short term.
But I believe that Lordbell is right when he says people that invested on borrowed money should sell, because we live in uncertain times. I have observed that the first February week of each year there is a rally of 2 or 3 days. If it happens next week, maybe it's a good time to protect some of your capital. Otherwise the February month is bearish till the end of March.
(This is all my opinion and I don't have a crystal ball)
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Mkt cap ! $361.7M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 21248 | $1.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
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View Market Depth
No. | Vol. | Price($) |
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2 | 21248 | 1.915 |
6 | 31402 | 1.910 |
4 | 12440 | 1.905 |
31 | 113909 | 1.900 |
4 | 41955 | 1.890 |
Price($) | Vol. | No. |
---|---|---|
1.920 | 4652 | 1 |
1.945 | 2862 | 1 |
1.950 | 13362 | 3 |
1.955 | 22862 | 2 |
1.960 | 2862 | 1 |
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