Was I missed?23 Jun 2020 20:03
Yo yo investors.
AML looks to be in a good position considering being shorted over 2%.
Having experienced the ups and downs... this is what is going to happen. Perhaps!
Shorters will most likely hammer the price down on a optimistic update from the company Soon. Dirty tactic as they know the company is going places. Panic sellers will sell and be confused on why the sp drops on a fair / good announcement. Stop losses will further drop the sp.
Second scenario will be, update is worst case scenario whatever they say. I.e dbx is delayed... company needs 100/200m further financing etc.
This will absolutely kill the SP.
Moral of the story is.... whichever way you see. The SP will be shot to pieces.
So for a bit of positive news.... if the SP drops on good news... then you know you have bagged a winner. Buy more shares / top up / whatever.
Sit back and enjoy the ride back up.