daytrade diaries... september 17 part 2, page-60

  1. 1,485 Posts.
    Watergirl, Signature Metals (SBL) is going to be terribly diluted in a few weeks, so I wouldn't get too excited about owning them. The recent spike in the price was due to punters getting on the books to receive the 3 for 4 rights offer. I guess the discount was too attractive to ignore, but those people will be looking to offload their new holding when the shares hit the register. This is one to trade very short-term only. I'm staying away for the moment.
 
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