SAS 0.00% 1.6¢ sky and space company ltd

I have buy orders at 5c. Stock is well over brought at this...

  1. 120 Posts.
    I have buy orders at 5c. Stock is well over brought at this point with no fundamentals to support it what-so-ever.

    There will be a sharp sell off on monday probably as people realise that a presentation wont make the price increase. Soon as people see red they will panic sell as they are already in the money and those that have brought now have a huge downside risk on a trade that was brought purely on emotion.

    PB ratio supports the stock at 5c as do the technicals of past resistance turned support.

    Its all the inexperienced traders on their phones who have brought in around 10c... some at 12c with over night buy at market orders who need to look at a stock in the red and think about what they have done over the next two days that will trigger the mass sell off.
 
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Currently unlisted public company.

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