Agree unlikely to be insto's but doesn't fit the MO of traders either - why buy at 63c with a SPP at 43c underway? For some reason we are getting on the portfolio of a wider audience courtesy of that Small Cap newsletter which advertises the SPP as a plus rather than minus in the stock. Concerning is the poor intel in the newsletter stating incorrect RP prices.
Big question is what will these new buyers do? -will they just keep their 43c shares and count it as an averaged entry into a long term hold chasing the forecasted $3 SP in a year or two? In which case SP will go nuts once the SPP is successfull in raising the Cash. Or will they dump at first news that RP prices are not $400/T after all?.
I'm not a trader so am used to watching wild fluctuations in the SP of stocks I hold waiting for the long term outcome. I've learnt the hard way that if everything points to the SP doing one thing yet it seems to be doing the other beware because it could go anywhere! As a trader the advice to sell is probably good unless you like a gamble, but to the long term holder it could result in holding less or more shares at the end so make your own call. Basically traders will trade it , investors trying to play day trader as well usually lose out.
AEV Price at posting:
55.2¢ Sentiment: Buy Disclosure: Held
