Yes Mr Asia, a foolish mistake on my part not to take the chance to get out at buy price. Now I'm treading water. Was purely a chart play and I've suckered myself.
Geezer, for a start there would have been traders like me looking to catch a breakout pattern. Unfortunately now they'll be dumping for the next two days. There will also have been some insider trading by the look of it with a big spike just before an announcement that the company would certainly consider to be fundamentally excellent for them but it's not a short term news story. Long term it's probably good.
It will take time for the acquisition to complete. Then there will be the risk of hangover of shares from the Canadians sitting on 0.0025 acquisition price. Smart traders know this and have already acted, silly gamblers like me ignore the signs at their financial peril.
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