My take on the whole course of sales thing, apart from the above is that we seem to be in a vicious spiral of selldowns due to stoplosses kicking in. Each sell down triggers another stoploss for anothe trader.
Lack of buyers simply due to down market all round and a lot of money tied up elsewhere. Many share prices at historically low levels so not shortage of choices for the bottom pickers.
No stop loss for me however, my trade volume is my usual stop loss.
I expect strong recovery tomorrow, especially if the overseas markets are up.
NLG Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
