I find it interesting that ADE and DLS have held steady today - In fact over the last 2 days, while the market tanks. They are the only stocks on my radar that aren't red right now and almost everything else I'm looking at is 5-10% off this morning. So it begs the question, as to why Beach similarly hasn't held it's ground when it has everything going for it and more.
I suspect it is simply a matter of profit taking on the only stock anyone's holding that has made them a nice big chunk of cash over the last month or so. If I'm right, it is only a very temporary blip and we will see it holding back up at 1.20+ levels shortly.
I hope we get Egypt flow results shortly, as this should be the catalyst for a ST bounce. I wouldn't be considering any selling (unless I absolutely had to cover a loss somewhere else, as seems to be happening) with that around the corner.
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No. | Vol. | Price($) |
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2 | 61857 | 1.270 |
6 | 21703 | 1.265 |
11 | 76040 | 1.260 |
7 | 56695 | 1.255 |
3 | 37681 | 1.250 |
Price($) | Vol. | No. |
---|---|---|
1.275 | 20000 | 1 |
1.280 | 77180 | 5 |
1.285 | 3256 | 1 |
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