My gut is telling me to stay away from this (especially loading up more) - the whole thing just feels really suss. This quarterly effectively says nothing and the observations in the other thread of the big players using bots to maintain the price at a certain level, while simultaneously offloading to us small fish on Commsec is very unnerving. ODN is effectively a shell company and it could be they are using the tempting bait of Gridcomm as one last Pump-n-Dump before getting out and winding up.
But that said I'm staying in with my little $1600 stake. If my gut is right then I will know to trust it in the future. Pissing a grand and a half against the wall is not disastrous and I would write it off on tax and as a valuable piece of education.
If the hype is true, well then I might walk with 10 grand, hardly a big win and probably tinged with regret of not getting more, but still a nice win and a substantial boost to my profit target for the year. It would also make me rethink about educated risk in the future.
Time will tell.
ODN Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
