sachz, it is often good to stand back and have a look at the big picture.
If you throw up the monthly chart you will see that 500 million shares changed hands at between 1 and .025 cents in January 2011.
Some of these buyer, and there are heaps of them, are delighted to be offloading with 100% profit in just over a month. For many traders just two or three a year like this is the holy grail. Something to be said for it.
200 million shares have been traded in February so expect a lot of profit taking to continue for awhile yet.
Having said that a lot of the buyers in January will be hanging on for better times too.
We have to make our own decisions and as a good mate said the other day it sometimes also comes down to gut.
Go go... Old MackDonald's Farm
EIO Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held
