I have a way with words. Plus Meerkat initally used that word describing a previous post of mine (which was admittedly off-topic re sports), so presumably there is room for a little latitude. Again, I bear no malice towards Meerkat.
On topic though, I'm looking for TNG to consolidate here for a week or two before a further push (but that is dependent on no further announcement-induced excitement for a period, and I'm starting to think that those periods may be starting to shrink as we push towards/into Q2).
I'd prefer a stabilisation, let a little steam/pressure out, and avoid the DTs jumping over this, pumping and dumping. A P&D would open the door to opportunists associating the subsequent price fall caused by company-external actors with some calamitous pending doom for the company. A small retrace, as posited by Meerkat in his chart post yesterday, would help in that regard. Then up to the next level, accumulate/re-trace, then step up again etc.
Once we get the TIVAN, DFS and offtakes locked up, then more than happy to be off to the races, as we will have a much sounder fundamental base against which to measure and evaluate shareprice behaviour, and assess true value. The less room for speculation about information, the less room for P&Ds to be effective.
TNG Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
