paperclipaimforsimon posted some really good points about what...

paperclip

aimforsimon posted some really good points about what may happen in the next couple of weeks. ive reposted it below

I've traded conversion times around penny stocks after strong runs for years. They all pretty much do the same thing. Type of punters in the options either don't have the knowledge, means or will to convert so ords get traded down. Normally a few weeks before the professional arb players move in. In this case I would have thought it would be Wilsons given they have piked up coverage. They will close the gap and then away she goes as everyone scrambles to cover their positions. Pretty normal trading pattern at moment. Nothing to do with charting just lethargy around options conversion.

trend is still up with short term target of 18-20 on track. Remeber sector is about to heat up with TPI chasing Cleanaway