Ann: SMS executes landmark transaction - purchases 100% of AEM, page-33

Rajenp5,

You asked my thoughts.

The SMN share price was at $1.35 with a high on the day of suspension of $1.37. The trading range when the suspension was lifted was $1.50 to $1.70. This left us with a gap between $1.37 & $1.50. The following day the price topped out at $1.62 & traded back into the gap for a low of $1.475. This was to be expected although the gap has not been completely closed, I suspect the gap not being completely closed shows strength in the market.

If one was to be completely pessimistic, a closing of the gap could occur but that would signal a very strong buying signal. I suspect that the gap will not be closed & it should be all positive from now on.

In theory, these levels will never be seen again. If you have not got full allocation by now, you had better hurry before you get left behind.

I own over 0.2% of the company & will not be selling any until the price is over $5.00 & even then only a very small percentage of my holding. The balance will be held for dividends.