Too much doom and gloom today. -4% drop after a +60% run up this...

Too much doom and gloom today. -4% drop after a +60% run up this fortnight is hardly a pull back. Just some profit taking which is completely normal since not everyone wants to wait till Jun 2022 for a proper re-rate that can land anywhere from +50% to +800%.

Most small parcel traders operate on psychological safety of recency and prefer to keep hopping around where they see momentum. Big parcel buyers that want to accumulate more know this and might slow down their purchase to entice profit takers to show up, so they can accumulate more at slightly depressed prices to reduce their average purchase cost.

stay calm and enjoy the ride.