Just call me Dismal.
Without a PR today, we can expect an even greater drop in the pps today. The recent climb in VXIT's pps is due to expectation. Even the MMs went easy on the trade because the grapevine called for some important news. For 2 weeks or more, the MMs gave leeway for the pps to climb just to not get caught up in a strong bounce in the pps expected if that announcement occurred. It did not.
For MMs, there is gold in the recent climb in VXIT's pps, not what we see as retail longs but rather the reverse. Shorts.
Were yesterday's trade actions an indicator for a deeper drop to suck out the green from the recent climb? I think there is substantial reason to think so. Not a word from our CEO via a window of opportunity and expectation lasting for over 2 weeks now. Still nothing.
I can feel the optimism mood waning once again. Letdown seems to be our CEO's mode of operations. WHEN? is eating at our optimism once again.
Haven't the SHs waited long enough?
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