looks like annalists haven't been at the beach at all as some have thought... seems my thoughts about a market correction are happening... may be a little free fall around the market... time to read charts and figure breaks of support putting some stocks like AZS into free fall due to stop losses, could be a perfect time to load up if you pick it right... sold a heap of my portfolio last week, but still loaded with a few... definitely into a fall momentum everywhere... Alacran results would be best released once the first correction is over... bad timing that is for sure...
The US market has now pulled back 5% from its recent highs and the explanation given by analysts is that there was a sell off in Bonds with the US Long Term interest rate (10 year Bonds) going up 10 pips or so to 2.85% . Could be a serious start of a correction... see what happens
AZS Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held