I don't normally trade in the first hour each day. However, this morning was a rare event where logic was temporarily suspended and the greed factor (of the shorts) and the fear factor (of the longs) took over. I am prepared to say that we have seen the low for this cycle, as it is clear that on any measure this was way too cheap at below $2.75.
Time to go for a walk as my morning work is done. I will return when the share price has a $3 in front of it..... which won't be too long!!!
I don't normally trade in the first hour each day. However, this...
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