G'day Socksnstocks. The price action this morning closed a...

G'day Socksnstocks.

The price action this morning closed a couple of the recent gaps down to around 79/78c which gets them out of the way.

Below that we have 69c to 70c, 70c to 73c which was 81c allowing for the partial filling of that gap from 78c up to 81c.

Prior to all that there is an open gap way back at 52c to 55c.
Unless there are further delays or bad news I probably do not expect back-filling to there, but who knows what is coming down the pike.

There is a group of small gaps around the 57c up to 68/69c where some are very small gaps, but as they are a group, it could be argued that they together form a larger gap.

I always get nervous when I see comments like "back up the truck, off to the races, and we will never see prices this low again".

Remember it only needs one share to go down to that price to close the gap but it always has a way of knowing if anyone is cheating by trying to influence the sp.

Personally I would like to see a steady flow of small increases that are sustainable and no gaps.

Again take all of this with a grain of salt as I am certainly no expert in any field connected to shares.

Lockitt