RE: re price moveMy take would be, that due to the small volume that took the price down and similar small volume took it back up today, someone is yanking the GEX chain With the poor results in the sector over all vis a vie price for stock(certainly not Profit results) the overall markets just don't know what value to settle on which sectors, let alone individual stock valuations.
It is WITCHING SEASON in more ways than one:
i)end of October
ii)presidential elections down south
iii)start of taxloss selling season
iv)who really knows what oil and gas will be selling for next year?????
v)Are we really entering an energy crunch on supply side( I think so but I also believe the majority of the investing public thinks this is just O&G sector hype).
I never thought I would be looking forward to a good old fashion cold snap to hit this continent, preferably before Christmas!!!!!!