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well the dynamics certainly changed this morning from a bullish...

  1. 11,407 Posts.
    well the dynamics certainly changed this morning from a bullish opening and first 30 mins....but then back to the same old pushing the ABS share price down.

    Even I was optimistic this morning...still no way I would buy...but it looked as though the buyes had a bit more control.

    That quickly turned.

    I am starting to think we have a BNB situation and that shorters are aiming for a certain level.

    I have decided to give the buy side market depth little notice in terms of support as out of nowhere, some dumps take out a line or two.

    Good one to watch for a definite turn around if its going to happen but looking at the trading patter over the last 10 days....it looks like its going to test 60 cents shortly imo.

    I have an interest in this as ABS, CNP, MFS/OCV, CER, AFG, CIY....all these guys got caught with their pants down and are just baffled at the market wiping billions off their value.

    Its probably a solid cleansing of the financial market going mad and being too bullish for too long.


 
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