Tax time selling perhaps? Left field announcements aside, the PH...

Tax time selling perhaps? Left field announcements aside, the PH results were probably the last known price sensitive announcement expected before EOFY so perhaps people are locking in their profits at what they assume is the peak.We also know that NEU tends to drift between big announcements, so this might continue until early July.

Either that or the instos are shaking the retail tree again. And while I try not to be a conspiracy theorist, if BP are circling, I have now doubt they would they would be using every tool in their arsenal to suppress the VWAP prior to a takeover bid.

As an aside, If anyone is unsure about what the little guy is up against in the market, watch the movie “Dumb Money” about the GameStop stock saga. I know the reality was a little more complex than what was presented, but the movie resonated with me after the Culper short report dropped.