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IMHO Today's spike and subsequent pullback was caused by a small...

  1. Arkie
    2,568 Posts.
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    15/06/09
    16:42
    Post #: 5281507
    IMHO Today's spike and subsequent pullback was caused by a small amount of daytraders and a few profit takers. Quite simply there is still not enough interest to hold mid 3's. We had the day traders enter on the announcement in anticipation of a quick profit. Given the lack of momentum in the afternoon the remaining traders exited their positions with little or no profit.

    Either way I’m happy to hold. Now holding 2.2 mil units and today’s announcement has stamped this a certainty for me. IMHO...DYOR.
    TSV Price at posting: 2.9¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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