RE: Hedge funds24 Jan 2018 11:59
Up to you if you buy or not....in at 115 here a bit premature but heh that's life....very hard to time it you could buy now at a very tasty price or sit it out and see if you get the drop which is a very good chance at the moment....
Read this from adfvn....let me know what you think?
Kirk 6. Where have I heard that before? As I posted on 12 & 15 January: Currently, we are in the second Elliott Wave downward wave of 5 which will take us back to the 120p level. There is still a further downward wave and if the shorters are not being chart driven by the 120p price we could well see them take the price back to 130p to lull everyone into a false sense of security that they are closing their positions. This will suck a few more innocent investors into the ring and they will then pull the rug from under their feet and down we go to test 110p and then the big 100p. I also posted on 16 January: If 120p breaks the fall to the big 100p, which is always a point for support, will be very fast. We have not as yet tested the 100p today but we will before this fall is complete. But is there more to come? Most of the damage has been done but we have not had capitulation! When holder's panic and expect to see another 25% of their investment wiped off with a fall to around 85p, that will be the time to buy.