re: hello bongo , on solbec
hi bango, i know very littel about solbec,except what is posted on the asx,hotcopper,ozystock,and there web pages, every and i mean everything ell,s come,s from my chart annalyis, but to respond to your post,the only thing that i can see happing is that sbp should rise in price for a number of reason,s,
1/ some player,s will buy this stock believing that something possitive may come out of the g.m. on the 16th of july. [as i do ] 2/ if the resolution,s are taken up then it is my opion only,"that" with the option,s in play the share price may very well go as high as 0.12 cent,s very soon, all so at this point let,s not foget that some of the c.e.o,s hold option,s that can be exercised at 0.15 cent,s, so just maybe the share price could get above 0.15 cent,s.[but who really know,s] 3/ once the share price has reached 0.12 cent,s, then what could happen all so is that once people have exercised there option,s then i would expect some selling of,in order to recoup some of there original investment. meaning that th share price may fall.[head south] 4/ back to my chart,s the share price may continue heading north until it get,s to the trend line,then may be fall back as low as 0.78 cent,s,and when this stock start,s to head north again, this is the point were people need to watch for the rise above the trend line, if this happen,and get,s above 0.085/ 0.090 then it is my view that the downward trend should be over and sbp should start heading north once again.[very slowly]
