EXR 14.3% 12.0¢ elixir energy limited

CatsnDogs, Yes EOFY selling. Not saying it will or will not...

  1. 3,862 Posts.
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    CatsnDogs,

    Yes EOFY selling.

    Not saying it will or will not happen but people should be open to the possibility and hence not surprised.

    Many investors see this time of year as an opportunity to "balance" out their portfolios.

    As the company has stated that Operational Activities are to kick off next month, July, being the start of a new financial year, we may see some selling pressure.

    There's a chance some holders who bought at ~5c or higher might see value in selling out, claiming the loss to offset some gains and re-enter in July.

    There does seem good support however, helped by the Small Scale LNG Project Announcement and we may not see any selling.

    Just my thoughts.

    Cheers
 
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