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clock Created with Sketch. 14/12/16
04:43
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Originally posted by DrFork
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Agree with you that it is frustrating. Basically we are now churning through the really high volume days of the original move in September which trapped in a lot of buyers on the highs. Until these are worked out through the CXO digestive canal, price will hover around these levels. Look at the green fork. Note how price settled around the median and oscillated around it until the September spike flushed out buyers trapped in at the highs from the run in April. Similarly, the price is now settling around the red median which is a LT fork picking most recent major high, low, high sequence. Today's announcement may have excited the punters but wasn't exciting enough to tempt the big swinging d!cks which is why price faded out at the close. The loose register with a lot of retail holders is probably the reason behind this.
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Thanks Dr, appreciate the time and thought in that reply. Makes a lot of sense and seems like it needs time. While results continue to live up to expectations I'll likely hang onto them.
