I bough sti on the good news of the joint venture 7/5/09 @ 0.027, but only jumps to .034 and drop down to 0.026. And keeps droping for few days till today. Already sold my 100K today, made a quick profit after a week. I am wondering whats going here, even with good news and decent xjo 1.3%. STI still lingers around 20 cents.
In fac today pattern is very similar to the 7/05/09. If thats the case, we can expect the sp to go south near 0.020 before anything significant happen near the 29th may.
I will still buy STI back.
Good things take times!
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