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15,276 Posts.
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01/03/06
09:36
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lol...
I just read all the recent comments...not a good idea to pay so much attention to the pre-open manipulations...either up or down!
Two previous days have seen major bidding in the pre-open, yet completely different results thereafter...
Day 1: Opened 31.5...sold down to as low as 25, before recovering throughout the day to close at 28c
Day 2: Opened 33c...sold down to 31, but then rallied to as high as 43c, before once again being sold down.
The point is this...the open did nothing more than create a bit of noise around which the underlying trend prevailed.
This underlying trend will prevail once again today...the noise however might provide some great opportunites.
lol...it will for me anyway.
Cheers!
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