We all know (or should know) that the market can be unfair and in my experience most often is. We've seen 30% theoretically taken from us. No-one finds that enjoyable.
The last run started around 4.6c. Doubled on anticipation and traders trying to play their game. Some of them won, i suspect more lost.
The only thing that has changed since a few weeks ago is that we know management have intentions of expanding. Before any of us thought possible. We've all stated time and time again how solid this team is, 20yrs experience, best around etc. They perfectly know what they are trying to acheive via yesterdays announcement. My point is 4.6c to now 6c and the knowledge we need to get bigger should be seen as a good thing. Perhaps 6c is faor value now? 9c definately wasn't sustainable.
Lets see how everyones moods are today after a crazy couple of hours yesterday. My tune has certainly improved!
IAM Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
