I will keep an eye on it but this looks a bit like a liquidation event to me. 50 odd million shares already changed hands and its retracing. I will wait till the dust settles. We have a double top at around 5.9 / 6c. Think it might drift back to low 4's.
It was the subject of a hostile takeover bid a while ago by Webcentral, and I suspect it is still on radars, esp. now the story seems to be getting better.
CNW Price at posting:
4.6¢ Sentiment: None Disclosure: Not Held
