there is a lack of negative news, unless the new appointment announced today has a very bad track record - something I doubt!!
Rather, it is purely a sign of sentment, with yesterdays Naz falls. EGS is, like many equities, in a range, and starting to fall back within that range. Volatility is the key.......
One more thing....treat "buy" recommendations with the contempt they deserve. Most of us here are cynical enough to believe that a buy recommendation usually leads to the institutions selling off huge bundles of shares to the very people they are recommending them too.....then buying the same huge bundles back at a lower price for the whole cycle to repeat itself.....
Be careful - there may be a retracement on the cards in the near future.....esp if the Fed next weak does not deliver.....
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