like other stocks, affected by overall market sentiment. Buying power was weaker than selling pressure. High volume the last 6 days so under some selling pressure. Some may have anticipated a lower market and thus sell now and buy back later.
tough to say at the moment. US is unlikely to increase interest rate but there is fear about Brexit. If the market sentiment does not improve, sell high and buy low.
this counter will have a run before the result for nxt Q is release. If EPS for Q2 hit 4 cent and above, I would expect TP to hit $1.50. It means that there is potential or 100% upside. Accumulate on weakness before the release of next Q results.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ExCFO
278 posts
Posted by ExCFO > 2016-06-14 09:44 | Report Abuse
Don't panic. once the panic seller exited it should resume its uptrend. Expect this counter to trade above $1 before next Q results.