Will next week change the fortunes?
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Yes, ENV stayed flat for the week on 0.9. Volume has also dried up, average under 2m per day, today just over 300k, so nothing of a volume.
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So what is happening? Everyone seems to be waiting for the results. Those holding for sometime have come this close, they feel they will try their luck. New punters not ready for the risk. Overall in limbo. Stock price has dropped a lot, so many feel the downside may not be much, upside on a good result could be rewarding. So risk reward is not bad. But overall sentiment in general market and Ree has eased a bit, so will be interesting to see see how market reacts on the results.
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Personally no trade for me this week. Heads at 1.3 and oppies at 0.8, so down on both.
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So what may happen next week? Results may do the talking. Good chance we may get something next week. Results are always binary, also difficult to predict. We need luck. Let's hope we get something which is company making. Enjoy your weekend and all the best.
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