Friday 25 May 2012

12pm update - still..stuck

Nothing much to add...we are stuck, with those algo-bots clearly waiting to go home to their vacation server-homes.


Sp'60min


Still looking for some moderate weakness into the close.
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*Amusing to see FB having a second successful Friday....


If the market does slip away next week, I'd look for FB to quickly drop to around $25, at which point the maniacs will likely start touting it as a 'bargain'.

No...a bargain might be around $1.50.......with 'fair value'...somewhere around $4.
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Time for lunch...back later!