IMO without more news we will see a repeat of the last 6 month cycle. I don't how much these algo trade systems are playing a part but on NMR coal value alone I was surprised to see it drop to 1c. ATM no news seems to equal drop in SP. My avg is 3.7 and I didn't have the spare cash to pick up another couple mill at 1-1.1. Kicking myself now due to the spike. Could have avg down to 2.1. Well done to those that accumulated parcels in the last 4 months and sold last week. IMO it is hard now to see the bottom or a retrace due to algos but I can see this going back down to 1-1.2. Been nearly a year since anywhere near 22mill traded hands and price has been higher than 2.8 only a couple of times in the last 8 months. If no news IMO the SP will get chipped away at and head south again. I just hope some of my other stocks will lift and free up some more cash. Good story here on value or takeover target. Good luck all
NMR Price at posting:
1.5¢ Sentiment: None Disclosure: Held
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