Well here are my thoughts as a short term trader - which I am not. I gave up losing years ago :)
August 1 - cre deal offer closes
August 1 @ 1045 - Diggers and Dealers Presentation - very early in the schedule.
August 1 - almost for sure are we going to get a Treasure Island update - and there isn't any better forum to stand up in front and tell all your peers big and small what you have got.
August 1 is the day that horse jumpers who are/have sold fml and jumped on the cre bandwagon - will stop that kind of trade.
imo - there should be a solid trading opportunity here around this time.
those who hold cre will probably not have time to sell out if fml has a sudden price spike during those couple of days - as they will have to wait for the new share issue (I haven't looked at when that is, because it isn't my game).
TI results won't be all in so I don't expect a completely clear picture until later that month or the next - however, I think CB will give enough to more than whet the appetite.
thoughts?
have a great day
Pinto
FML Price at posting:
6.8¢ Sentiment: ST Buy Disclosure: Held
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