A bet on PEP to close the gap...and moreAfter the Steinhoff bookbuild (for however many billion), the price gapped down to reflect the transaction but it also pushed the price down to a decent support level. One I never thought we'd see so soon. Looking at the subsequent price action, it does appear that R20.00 is holding as the "new" support. In this light I have bought some with the expectation that we close the technical gap, but I have a feeling we are in for much higher.
