With this years TFC harvest results and annual report later in the month its a classic time for the shorter's to play. It happened last year.
One day shorter action on the 27th of July proved that the TFC hen house is still full of chickens waiting to be plucked. I rate it a better than even chance of happening.
How? Watch for a dramatic plunge more than likely at opening (but this is not essential), initially likely on small volumes then followed up with some medium volume sales at again lower prices. Could last for a number of days.
Then the clucking should begin. Messages will appear on HC about anyone hearing any bad news about the harvest. Stop losses will be triggered, etc, etc.
How much will they try for? From the starting high to the low I suspect 10-16 cents range.
Just maybe, this message may prevent some chickens looking for doona's at the end of the play.
TFC Price at posting:
$1.69 Sentiment: Hold Disclosure: Held
