Hi Rudders,
The drop seen is fairly normal for the recent trading pattern for CUO. Have attached a chart. After a sharp rise it tends to drop back between 38 and 62% of the gain made. I would have expected it to drop back to somewhere between $1.05 and $0.98 as long as other market forces dont interfere. It may still drop a bit from where it is or run flat before the next upleg which is probably a couple of weeks away. But this is a bit of a guess and based on previous patterns, a change in fundementals or general market conditions may change it.
Cheers Fero
CUO
copperco limited
just wondering, page-6
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)