IMO last weeks run was on the back of people's fear of missing the boat before a major announcement. A few big buyers have seen the potential in TSN and loaded up last week setting off a strong buy trend. There are suggestions of a rights issue (or partly) to raise the money so if I was sitting on the sidelines watching this one I would be getting very worried of missing the boat too. Once an announcement is made and if it goes into a trading holt there are going to be a fair few people crying in their soup still on the sidelines.
Im sure the pull back is purely the day traders trying to ride the ups and downs and feel they can impact the share price. Any long term holder knows the true potential of this gem so there is no point worry about a small pull back in SP.
All it takes is another person with deep pockets to get in before its too late the this thing will rocket again.
TSN Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
