Jul. 1 at 11:59 PM
$ABXXF severe technical damage has been done to the stock chart. When this slide finally levels out a sharp rally will occur however it will be met by retail selling by those who regret not getting out at higher prices. These are the shares the shorts will despIt will likely take months to rebuild confidence. Good fundamental news coming from the company , if it continues, will help the situation by speeding the process of rebuilding confidence.need.
The Viceroy scare tactics paid for by the short pool will eventually fade away like fog on an October morning as the shorts see the tide slowly turning against them and will move to cover. Expect high volatility going forward.