Monday, April 16, 2018

Rowsley - XB, Warrants Soon

Rowsley just XB today and the stock gap down 20%. It's normal for this type of actions as the warrant is factored into the stock price. Soon after it gap down, the stock recovered and rebounded just a little bit to a high of 0.102. The whole market was pretty sluggish this morning even when the Dow futures was up like +140 points and now the STI is suffering some selling. I am waiting for the Rowsley warrants which will be trading soon. Once it's out, I think most traders will trade the warrants since it's cheaper than the mother and from there I will see how the stock react again to the market conditions.

Ronald K - Market Psychologist - A Stock Market Opportunist