First a neutral " non material" announcement regarding GSK, now a non factual announcement on 3M ( that is in market terms, this does not mean that people who have researched this stock in detail will see it as non factual),
the market doesnt like it and it will continue to slide until we get this surprise ann from any of the partners.
Many traders will wait to jump right back in when that happens, its programmed to happen as all partners are still in the game.
This is a great profit for a trader almost guaranteed in the making.
If you have the finances, keep pushing this down with a large sell at beginning of session, let lemmings follow this action and drop it further, gives you plenty of chances to buy in small parcels to set yourself up for that run in the future while price keeps falling.
I wonder wether we will see signs before any potential ann that people start accumulating. I will have my eyes watching MD and trading patterns to hope to be able to call such a time.
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