SNSN schreef op 6 februari 2014 11:57:
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That's a (very simplified) picture for you:
There is NO any objective (real) news - everything is priced in.....Thus, the only technical and speculative underlying mechanisms could be in place, as well as, some actually objective, but still expectations, for much better future performance, dividend, etc,...
That‘s why small guys are still afraid of (possible) speculative downward pressure by active profs. While the small/mid-size active profs (those who took a very good profit on ~300 M shares at last weeks consolidation) would like to come back and step in at a bit lower prices.... However, it’s currently difficult for them to “get/arrange” lower prices.... As on the one hand, they (active profs) still do not have enough profitable (at this level) shares to force prices down, and on the other hand, nobody wants to take real losses...., providing the profs with a very nice opportunity to repurchase lower
PS. Anyway, our next pattern target is ~3.0 (that is also "mid-term" resistance) with possible (short) consolidation at ~2.82-2.84