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caught with their shorts down???

  1. 15,276 Posts.
    lightbulb Created with Sketch. 45
    Given that 13m shares traded on the close today, I suspect a few people will be rushing to cover their shorts tomorrow morning!

    Anything could happen, but I don't see it re-visiting the 5's in a hurry!

    Volume is the key here. If it can trade 200m plus shares tomorrow, then it has a real chance of re-visiting the recent high of 9.1c...and if we see a day of 400m+ shares trading, it might well push into double digits!

    My gut feeling is that it will finish the day in the high 7's to low 8's as people will want to be holding for the weekend media coverage. On Monday it will then hit new highs as the weekend "sheep" get on board and the "in money" take profits!

    Then again...anything could happen.

    Cheers!

 
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