What makes you say there will be a downward spiral in the next few weeks? We have announcements due any tick of the clock and all indications are that they will be positive.
IMO, the sell down yesterday was possibly a concerted effort by a large player to trigger stop losses and promote selling.....to enable a significant accumulation. Yesterday’s price action was steady until 1.00pm - then a large volume of selling brought the SP down 11%. This no doubt triggered a significant amount of stop limits......and I postulate that many of these would have been set at -10%.....so 11% looks like it may have been the trigger target. Like I said, just postulating.
The fundamentals don’t look to have changed so what other reasoning is there to fit yesterday’s action? Again, IMO, we may well see a large player accumulating prior to the expected news flow over the coming weeks/months. When they get their fill, I expect normal transmission to resume and then significant upside upon the release of the upcoming announcements.
Just my thoughts - not financial advice.
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What makes you say there will be a downward spiral in the next...
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