I don't think this sort of action has done the stock or Smyth any good. I bought more this morning - I see it as a brilliant play, but I would have MUCH rather seen a trading halt until a better written announcement could be made.
He might have wanted to shake out traders - or keep the ASX happy - but this was not the way to do it.(imo)
Traders in the end, will assist in taking the price to the higher levels, taking profits along the way - and that is fine by me - it's a win win, if the traders are moving it up in points - but to let it fall like this really isn't putting any thought into it at all in my opinion.
Shouldn't have cancelled my appointment!!
CVI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
