It seems that "sell the news" is the order of the day.While not good, the news is not bad, but there has been a lot of trader expectation judging by HC posts and I suspect trader positioning....hence my query about how the stops are apparently run to produce adverse price reactions, esp. if traders are declaring their stops on many of the common trading platforms.
The words baby and candy come to mind.
Anythoughts?
ps same thing just happened with BSM.Price reacted down on an announcement,up todayutcome :a decent number of shares fell into strong hands at a lower price than otherwise!
OGX Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
utcome :a decent number of shares fell into strong hands at a lower price than otherwise!
