hey ndl3ss,
the reason I highlighted SSN also being affected by the VIL announcement was the fact it was mainly treading a similar path to the early breakout of VIL and also it is in the small sector being oil/gas exploration.
it is still highly likely traders/speculators will try and run SSN higher, but today's announcement by VIL will cap that explosive move to say 4.5-5c that was very possible as at close yesterday.
there might be a solid trade in SSN today, just keep an eye on the buying momentum.
I do really feel sorry for those caught holding VIL overnight and hope that it does bounce back over time, but it is certainly one that I will be leaving alone now much like BCC and BUY.
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- daytrade diaries... february 11
daytrade diaries... february 11, page-47
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