Whats happening here? It looks as if yesterdays announcement has put a dint on the SP. Why is all this people selling out for, when there are many more potentially positive news on its way? It looks like there were lot of ST who is happy with the current gains and wants out.
Yes, some profit takers taking money out Yes, trying to free carry Yes, what ever other reasons are But this many shares sold on a sliding SP? A retrace is good before the next runner up, but what I cant understand is the retrace after yesterdays very positive news.
EKM is a no brainer and the risk to reward is also no brainer too. I am holding tight and averaging UP on this dip. It has to have an another run this avo or tomorrow and settle at mid 50's (taking into consideration yesterdays announcement too)
EKM Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
