RE: RE: RE: hey teckies
not sure i agree.
macro conditions resulting in redsea across the board today. US dollar spiking as well, always contra-effect to commodity-driven plays.
in isolation, ceterus parabus i would not expect the same type of decline here.
1.50 from a technical perspective looks like the next bottomout, but just as easily if it spikes in the shortterm, there could be technical rationale as well.
looking at a large bucket of small and smaller cap plays, all down about 5%, PNP is right in the middle of the pack.
Levle 2 still looks pretty good, not alot of resistance, and support outwerighing that so i wouldnt expect a large dropoff lower than 1.75.
We also know that a 20% daily gain here is not very uncommon, similar to a couple solid 5-10% gains in consecutive days.
Hey, if all stocks consistently went up, this would be an easy game, and that arbitraged gap would close just a quick, just a bit of patience and fornutae economic indicators is all we need to push past 2.00