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Energis, READY TO BOUNCE BACK
coppertop - Wed, 02 Jan 02 :
It's just a really slow, low-volume day today, with enough sizeable sells to keep the price from climbing.
% fall being shown today, is not truly indicative, and being calculated against an "artificially" high 31st December closing price (58.5...ish) which occurred momentarily near the 12.30pm close on Monday.
There has been no significant news, good or bad since well before Xmas and unless this changes, the price will (I reckon) hover ("be held") at 57..ish until the City boys and girls settle down at their desks and their friends, the institutional shorters (fresh from the ski slopes) have had an opportunity to close out their holdings.
With the sell overhang on this stock it's going to take the shorters, buying back in and covering their positions to create the buy-volume needed to fly North.
What a cynic I am!
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