DOW 1.05% $5.78 downer edi limited

Correct me if I am wrong but my reasoning is this;- a 20% drop...

  1. 2,602 Posts.
    Correct me if I am wrong but my reasoning is this;

    - a 20% drop yesterday was driven by the bad news and panic
    - when people realised DOW isn't going down to $3.00 or sub-3 they started piling up on the B-side;
    - the B-side has not changed since
    - it's a fairly red day today but DOW got adjusted to kennethgalbraith's prediction (a formula used by many);
    - the B-side is still strong;
    - the volume is well above average
    - all the bad news is out
    - we even know now in case of any CR in the future that the shareholders will be looked after
    ____________________________________

    TOTAL - this should be the rock bottom.

    (My LT average is just under $5.00 however I will be trading 10K-50K lots of units whenever an opportunity presents itself - as it did yesterday and today)


 
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