Expect our American chums to send this lower tonight in the States. US$0.46 is 2 cents under the rights issue price. This morning I sold on the open at 2.8c and bought back at 2.6c and pocketed a handy thousand bucks in around 60 seconds. I also bought more for my trading account at 2.6 c (after selling at 3.7c). I may flick them this afternoon. I would be very circumspect about chasing this higher until the Americans have cast judgement.
SSN Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held