Traders, funds, all manner of people just positioning, or re-positioning themselves today...
We saw the euphoria in the buy-up, which was over-done for the timeframe...then the "adjustment" downwards, which too has been overdone. At some point the thing will settle and real forces begin to play out...in my mind, these wil be upwards biased given the fundamental equation playing out.
When this happens, it will turn. This will likely be quick when it happens, as the funds will want to push it throughseveral points without too much new overhead developing...I would expect many of the players currently in this to find themselves on the wrong side of the fence.
I have already sold on the spike and bought back in...now I sit and wait again.
Smiles all around from sub 9c.
Cheers!
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