DBK, I thought the same and thats why I bought in the low 40's as the news was expected to be 'good' ans to me it was 'good'. while I really did anticipate the usual over exhurberance as traders climbed on board and the then the price would retreat to a new and higher level reflectign the underlying fundemtals. None of this 'expected' activitiy occurred. Rather a positive NPV of $305 for a company with a cap value of some $42m at that time seemed worthy of at least a 100-200% gain, settling at a cap value of at least $100m.
Now, cap value is some $27m and falling on a NPV of some $305m.
I would have that the day traders would have ramped this to the buggery, but it seems that Opes and Lift and tricom seemed to have taken this players out of the market.
DBK, did you really beleive that it would go backwards to this extent?
ELK Price at posting:
0.0¢ Sentiment: None Disclosure: Held