"""might be a bit premature as the US market has been taking a battering over the last week or so. The continued negative financial data being released has not helped the share price of ETC"""
Um, I don't think the news & data has been all that bad actually, which is probably worse as some of the recent news would have seen large gains 1 month ago. Also the DJIA has not taken a battering (aside from last night) so not sure about that comment either.
With all that said I am not sure why ETC's sp would rise from here if indeed the markets continue to consolidate. Must hold .39c imo or could see further down side (.32c. Hope I am wrong as my average is .46c. Clearly the market did not like the .50c options to staff and fair enough imo.
ETC Price at posting:
42.0¢ Sentiment: None Disclosure: Held
