re: satori444
I am not sure but I know there is a sucker born every minute and a few can be born with a silver spoon in their mouth.
I guess why were many buying the options between 2.7 and 3.2 yesterday?
Same thing I suppose. IMO, the blue chips, on bad news, tend to open up oversold while many of the micro specs tend to get sold into into the bargain hunting wood ducks.
The disparity IMO between options and heads are always worrying in these type of stocks - in my general experience, it means a dumping is imminent while ongoing gaps within the visual MD on similar stocks in an upward channel may be very bullish.
Looking at the parcels sold, there were little buyers with any clout IMO. Today's opening, strange as it was, caught a few napping. Lots of adrenalin buying today post ann. and all lost.
The more I think about this, there may well be a secondary announcement here, but not until the selling has been completed as the many that bought today will sell as reality sinks in tomorrow and on Monday.
I am pretty cynical with this one.
They should have enough cash without a placement pre - phase two but you never know. If they come out with a placement - she will never recover. As you know, these types tend to be driven by technicals, momentum and false hopes. A placement would be too obvious but are the new farms already paid for if they arise?
You have done pretty well anyway Haspete as I believe you may have got in pretty early. The others I worry about.
AEX Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held