It sounds like the final wave of those who cannot afford to hold are going/gone, leaving true believers (or diehards, if you prefer).
This hopefully leaves us with days of very thin trading and/or steady increases as rationality is restored.
There is no doubt that confidence was rocked with the announcement of the GSK generic and the flaky global financial market dealt a heavy blow. Most seasoned analysts are warning that this is the worst time to sell if you can afford to hang on.
I feel sorry for those who are forced to sell due to financial desperation, but this is also leading to amazing buying opportunities across various stocks for canny investors.
Sentiment: Screaming Buy
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