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29/07/13
12:30
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yeah..Pilatus,
this is amazing. My entry price is $1.91 and it has literally almost wiped all of the gain in the last few days leading up to the news.
Will the company get a speeding ticket ? The volume is going to exceed the volume last Friday.
I feel that the bots are doing a "swing trade" on this.
The irony with this type of movement is that it usually drops massively before a massive rally occurs.
I have not sold as I believe this is a part of a shake-out before a rally back to $2.25-$2.50 range.
Nothing is quite what is seems.
The only danger is that China hits a black swan moment at which we know lots of resource company will belly up.
The question is could we have been better off selling a portion last Friday ???
superox
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