I have been cautioning on "falling knives" stocks for quite awhile now, pointing to further falls to come.
And they continue to fall :
EDE plunged to an all time low of 4c this morning, before recovering quickly to 4.6c
YOJ broke support levels (see prior posts) and hit recent all time lows of 8.3c before recovering to 8.7c
BUD down 4% to 11.5c, like to fall below 10c again should it take out 11c
9SP all time low this morning at 1.7c
SAS all time low this morning at 5.9c
ZNO all time low this morning at 7.1c
BLA dropped almost 4% and looking to return to its all time low
EN1 @6c close to its all time low of 5.8c
I expect more falls ahead as sentiment sours.
None of the above stocks produced compelling results and while holders did not sell on news, they were waiting on market reaction, And when the market slid and the stock starts moving south, the diffidence carried through with more unloading of shares in a sliding market.
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