The stocks oversold, I'm not looking to the individual days but the longer term outlook, times like these are great for buying on dips/pullbacks.
In terms of this announcement I've given my thoughts already, it's not one of those glittery announcements that traders will jump onto to trade the hype for a quick pip trade, rather it's one for investors as part of Intigers strategic plan to continue growing the business.
I think it should stay around the mid 4c level Monday, gapped down on the weekly and oversold, signs of interest Friday at 4.5 so could see some more interest come in now, with added confidence given Patrick is becoming the Chairman and given a lot of people are interested and likely see this level as a good entry after coming off recent highs and some of the over hype calming down.
Buy on fear as the saying goes.
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