Remirez,
Typical Bluff strategy being played. Trying to extract cheap shares.
Remember VWAP for the past 4 weeks is most likely 39c
So anything you are grabing sub 39c .... and be able to hold for say .... next 4 to 6 weeks
is likely to produce a nice % return.
nice strategy !!!
Similar strategy to following the money.
The herd (of some 20m shares traded at circa 39c) is unlikely to be wrong
The is usually safety in the Herd.
And whilst i post .... ALL 38.5c purchased on market.
Hope it was ALL you Remirez
SXY Price at posting:
38.8¢ Sentiment: Buy Disclosure: Held