It looked too much like a suckers rally just before the open this morning. I was thinking it would open about $26.10, to make it seem attractive for a few to buy in and then the push back down.
Two trains of thought 1. Traders wanting a quick buck during the hour of power between 10am and 11am 2. Shorters pushing up the price to then dump so it goes back down for their profit.
It has happened two days in a row now. Very sus, but nothing unexpected from the dodgy ASX we all know and only some love.
WDS Price at posting:
$25.72 Sentiment: Hold Disclosure: Held
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