Hi all, Well what a perfect storm this has been the last couple...

Hi all,

Well what a perfect storm this has been the last couple of days.
Reckon there is a few reasons behind all of this.
Obviously after the huge run up you can get some exhaustion.
So we see some retracement, fair enough.
On top of that we have it seems a lot of people using stop losses, fair enough.
We also have day traders which need to bail, fair enough.
People using T + 3 so they have to get out as well, so all of that fair enough.
Then some market manipulation to hit more stops for somone who wants a lower entry and to grab some shares.

So perfect storm.

Remember for every stock sold, someone has bought it. Just at lower levels.
Like to see who emerges out of this holding the shares when some news comes out.

Have a good day all.​