I'm as frustrated by today's action as anyone ...but let's not panic about it. A bit of rational thought would be in order.
It's true that I don't understand the retrace on good news (again makes me think it was overdone and not based on fundamentals). Clearly emotion driven ...like the big seller at the close ...probably thought we wouldn't notice him slip that order in.
No holder seems to think today's close was justified -certainly not on any change in FV.
Perhaps it wasn't really justified ...are we looking at some kind of corporate activity that could drive this action? I don't know what that could be (impending takeover based on VWAP or closing price?) but others may have more of an idea.
SJB
TON Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
