MKO 0.00% 7.0¢ metaliko resources limited

how low?, page-44

  1. 1,932 Posts.
    The way I see it at the moment.

    Market in downtrend, people are edgy so easier for SP to fall.

    Over the last couple of days we have seen increased volume after a downtrend. This volume seems to be buyers stepping in to soak up a bit of the late June sell off's.
    Market sentiment at the moment is indicating we may be close to the market bottom, and you will see across a range of down trending stocks volume has increased over the last two days, perhaps reflecting sentiment.

    This sort of extra volume can stop or slow a downtrend and may mark a reversal. Buyers are starting to come back into the market.

    July is also a bit of a rally month, so we may still see little movement on MKO's front until June is over. I don't think the Escrow shares are impacting much on us at the moment. I would expect to see them being sold in a stronger market with the SP raising up, otherwise they would be shooting themselves in the foot as any selling of volume would push the SP way down as there are not many buyers about (for most stocks).


 
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