None:
Some points to consider:
The return of the Algo-bots can only be seen as a positive. Their job is to build a position by buying until the 'dumb' money starts to flow in, then sell to see if this starts a cascade of stop-loss selling.
To frustrate the Bots, buy on weakness and build a position.
More importantly; nothing is going to be announced until the ink is dry on the JV or it's abandoned. So no take-off agreements etc.
Further: all of Europe is on holiday until the end of September so no big decisions from the big-boys; they have left the market in the care of the bots whilst they sun themselves in the Med.
The price will inevitably rise closer to the end of Sept. followed by a brief spike on a positive announcement, followed by a sell-off. (buy the rumour sell the news). Sell on the announcement and buy back on the weakness, thus doubling your position at the 'dumb' moneys expense.
cheers XanaX
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